Federal Reserve to launch real-time payments service in summer 2023
The Federal Reserve has accelerated the timing of the launch of FedNow, its real-time payments service, to the summer of 2023. ?
Modular, Ripple team to support seamless payments across the UK and Europe
Payments platform Modulr has teamed with enterprise blockchain and crypto solutions firm Ripple to enable quicker payments into the UK and Europe.
BharatPe bags debt funding just weeks after its Series E close
Merchant payments and financial services provider BharatPe has reportedly received $27m in debt funding, less than a month after closing a $370m investment.
The UK increases the contactless payments cap to £100
The UK’s Financial Conduct Authority has again upped the limit of contactless payments, with the cap on single transactions rising from £45 to £100.
Macy’s invests in European FinTech decacorn Klarna
Just a few weeks after Klarna was named Europe's most valuable FinTech company on the back of a $650m round, the Swedish decacorn has now received new investment from Macy's.
Payments API Modulr closes ?18.9m growth funding
Payment as a service API platform Modulr has closed a ?18.9m in growth capital, just months after closing its former round.
Fundbox secures more than $300m in debt and equity round
Fundbox, a B2B payments and credit network, has raised $176m in its Series C growth equity round and a $150m credit facility.
Fiserv acquires a selection of tools from Elan Financial, in $690m deal
Financial technology developer Fiserv has agreed to acquire the debit card processing services of Elan Financial Services, a division of US Bancorp.
MFS Global nets $4.5m in Series B round led by LUN Partners
MFS Africa, a digital payments processor, has netted $4.5m in its Series B funding round led by China-based LUN Partners Group.
Rewards platform Drop picks up $21m Series A led by NEA
Millennial-focused rewards platform Drop has closed a $21m Series A funding round led by New Enterprise Associates.
© FinTech Global © Copyright 2024. All rights reserved.
