Google Pay enables users to send money across borders

US-based Google Pay users can now remit money to GPay users in the Indian subcontinent via the Google Pay app as the company forays into international payments.

Crypto wallet Zumo launches virtual Visa debit card where users can pay by crypto

Edinburgh-based cryptocurrency wallet and payment platform Zumo launched a virtual card offering to enable users spend cryptocurrencies.

Global remittance service Remitly receives funding from Visa

Global remittance service provider Remitly has collected an equity investment from Visa, which will help extend their partnership.

Freelancer-focused neobank Lili snares $55m in Series B round

New York-based neobank Lili has raised $55m from a Series B funding round led by Group 11.

CloudWalk rakes in $190m Series B to bolster domestic presence

Brazilian payment technology firm CloudWalk has raised $190m from a Series B funding round.

Why Wealthsimple and CyberTech success stories stood out among the 25 FinTech rounds raised...

CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.

American Express, Tink enter European banking partnership

American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.

Mastercard, Billetera team to provide digital payments in DR Congo

Payments giant Mastercard has collaborated with Billetera to offer digital payments to consumers in the Democratic Republic of Congo (DRC).

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.

ReCharge collects $277m in growth funding

ReCharge, a subscription management for e-commerce, has collected $277m in growth funding to bolster its growth rate.

News Stories

Santander UK and NatWest back RegTech Ideagen in £100m round

Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.

POS terminal transaction volume to exceed $17.3trn by 2026

The total value of transactions processed by POS terminals will grow by 28% to exceed $17.3trn by 2026.

HKMA underlines next steps in Open API Framework introduction

The Hong Kong Monetary Authority (HKMA) has revealed its implementation plan for the third and fourth phases of its Open API Framework.

Leading US banks to pilot low credit score credit scheme

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

InsurTech Wrisk lands £4.6m in Series A funding to scale its insurance product

UK InsurTech Wrisk raised a £4.6m investment round led by QBN Capital and aims to build frictionless, mobile-first insurance experiences.

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