B2B Payments

Klarna helps H&M introduce a new pay later option in the United Kingdom

British H&M customers can now buy new threads and pay later thanks to a new solution provided by Klarna, the Swedish FinTech unicorn.

Paydesk partners with TransferWise for frictionless payments and insurance for freelancers

Freelance payment platform Paydesk has teamed up with TransferWise, the global money transfer company.

Plastiq has raised a $75m Series D round

Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.

Online payment technology developer SYNQA closes $80m Series C

Thailand-based SYNQA, which designs online payment and blockchain technology, has raised $80m in its Series C round.

The instant payments market is expected to hit $18trn by 2025

The instant payments market is expected to grow by 500% to reach $18trn by 2025 and will account for 17% of all B2B and consumer digital money transfers and payments.

The Bank of Jamaica explores changes to electronic payment regulations

The Bank of Jamaica is reportedly exploring regulatory framework for electronic payment service providers and is looking for industry proposals by January 15 2021.

Paytm transforms android phones into contactless card payment machines with new launch

India-based digital payments provider Paytm to allow merchants and retailers use an Android phone as a payments machine for near field communication credit and debit card payment transactions.

Nexi, Fiskl collaborate to bolster open banking services

FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.

Novus to launch beta banking app as it prepares for summer roll-out

UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.

PwC study finds digital transactions are outpacing cash payments

A study by PricewaterhouseCoopers (PwC) has found cashless transaction volumes are expected to outpace cash payments going into 2030.

News Stories

FinTech

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There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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