Payments & Remittances

Payments & Remittances

Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

PayPal launches Singapore FinTech Innovation Lab

PayPal is offering a boost to Singapore’s the FinTech scene and opening a new Innovation Lab in the city.

Payoneer lands $180m for cross-border business payments

Cross boarder payments service for businesses Payoneer has raised $180m in a round led by late-stage investor Technology Crossover Ventures (TCV).

Remittances are driving financial inclusion thanks to mobile

The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more.

Ant Financial expands reach with $200m investment in Kakao Pay

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay.

Mobile payments player LevelUp swipes $50m from JP Morgan Chase

Mobile payments network LevelUp has picked up $50m in a new round of funding from banking giant JPMorgan Chase.

PayKey lands another $6m for its latest round of funding

Social media payment platform PayKey has reportedly picked up $6m for its Series B funding round.

Loyalty card platform Joyn bags €2m investment

Belgium-based digital loyalty card provider Joyn has reportedly raised €2m in its latest funding round.

Power2SME closes $36m Series E funding round

India-based Power2SME has closed a $36m Series E funding round to help with geographic expansion.

Australia-based Verrency bags $15m Sereis A to support its international growth

Payment solution platform Verrency has bagged $15m in a Series A funding round, as it looks to further international expansion.

News Stories

LANDRY et associés acquires e-commerce security platform NexuWeb

LANDRY et associés, a risk and performance consultant, has acquired e-commerce security and development solution NexuWeb.

Plum reveals five million customer target in new interview

Finance app Plum is bullish about its ability to attract five million people to its services.

Before you worry about new PRIIP rule changes you should ensure your house is...

The EU might be gearing up to change some of the rules regulating retail and insurance-based investment products (PRIIP), but MirrorWeb warns that financial firms should worry more about the rules already in place.

Europol, European Central Bank and group of financial infrastructures team up to boost cybersecurity...

Europol, the European Central Bank and a group of Europe’s leading financial infrastructures to share cybersecurity threat information to safeguard consumers.

Revolut signs deal with LegalTech startup Sparqa Legal

Hot on the heels of announcing its new $5.5bn valuation, Revolut is now aiming to take a bite out of the legal services market with a new deal.