Visa acquires Plaid in new $5.3bn deal

Payment giant Visa has announced that it has bought Plaid, a scaleup helping customers securely connect their financial information to apps.

PayU buys controlling stake in FinTech PaySense at a $185m valuation

Dutch PayTech company PayU has acquired a controlling stake in Indian FinTech startup PaySense. It plans to merge it with its consumer lending business...

Thailand-based Lightnet closes Series A round on $31.2m

Lightnet, a financial network supporting payments and remittances, has closed its Series A round on $31.2m.

InstaReM to offer e-KYC services to customers in Malaysia

InstaReM, a cross-border payments company, will offer free electronic-Know Your Customer (e-KYC) to residents of Malaysia.

Curve launches free money transfer service

Payments company Curve has released a new service which enables a user to send and receive money from any account to any account without any charges or conversion fees.

Money transfer company Ripple scores $200m in its Series C round

Money transfer company Ripple has scored $200M in its Series C round which was led by Tetragon.

African DPO Group saw a 35% jump in Black Friday online payments

FinTech in Africa is on the rise. The latest sign is DPO Group noticing a 35% spike in digital transactions during Black Friday in South Africa.

Adyen’s CEO was surprised at how effective AI was to prevent fraud

Global payments unicorn Adyen is looking into how artificial intelligence can boost its payments offering, highlighting how the tech can boost the industry as a whole.

Visa signs on four new partners to help FinTech companies issue plastic and digital...

Episode Six, Euronet Worldwide, Global Processing Service (GPS) and M2P Solutions (YAP) have been handpicked by Visa to help create new opportunities for Asian FinTech companies.

Alipay forms partnership with Finablr

Alipay has partnered with Finablr, a payments and foreign exchange platform, to allow its customers access to remittance services in 270 countries.

News Stories

Foreign exchange firm owner charged with fraud and misappropriation

A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.

CFTC charges foreign exchange firm with fraud in a bitcoin-linked Ponzi scheme

A foreign exchange firm used its investors’ money for personal expenses such as buying a BMW, according to charges brought out against it by the Commodity Futures Trading Commission (CFTC).

FINRA lists MirrorWeb on its compliance vendor directory

MirrorWeb, a web archiving and monitoring solution, has been listed in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Directory (CVD).

SumUp launches new business payment card in partnership with Mastercard

UK-based FinTech startup SumUp has unveiled its first business payment card to give merchants smoother access to funds and clearer oversight of their finances.

FIS has signed up German Opel Bank as its first European client for its...

Hot on the heels of having extended its partnership with PayPal, FIS has now signed its first European banking client to use its core banking system.