Payments & Remittances

Payments & Remittances

IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Mastercard invests in Doconomy to help consumers see CO2 impact their payments have

Mastercard has made an undisclosed equity investment into Doconomy, a startup helping consumers become more aware of their CO2 impact when making payments.

POS developer StoreHub collects $8.9m in new round

StoreHub, a cloud-based point-of-sale (POS) system for merchants, has reportedly closed a Series A+ round on $8.9m.

Galileo opens offices in Mexico just as the Latin American FinTech scene is booming

Salt Lake City-based Galileo has just announced that its open for business in Mexico City as a wave of investments washes over Latin American FinTech companies.

Mobile point-of-sales terminals market revenues expected to grow roughly 30 times by 2027

Europe is expected to lead the growth of the mobile point-of-sales (mPOS) terminals market as it climbs more than 30 times over in the next seven years.

India-based Juspay collects $21.6m in its Series B

Juspay has collected $21.6m in its Series B round, which was led by Bermuda-based venture capital firm Vostok Emerging Finance.

Payments platform Banked reportedly secures $2.35m in seed round

Banked, which support real-time payments, has reportedly secured $2.35m in a seed funding round led by Force Over Mass.

Nuapay appointed to deliver payment initiation services to UK public sector

The UK Government Crown Commercial Service has selected PayTech company Nuapay to join its Payment Acceptance Framework.

Mastercard to acquire open banking FinTech Finicity in $825m deal

North American FinTech Finicity is being sold to Mastercard in a $825m deal, with the payments giant planning to leverage the acquisition to further its push into open banking.

Surf Bank Brazil picks Paygilant to strengthen its fraud prevention capabilities

Mobile payments fraud-prevention and authentication provider Paygilant has been tapped by digital bank Surf Bank Brazil to help it fight fraud.

News Stories

UBS issued $500,000 fine from CFTC

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

How onboarding is hindering client experience

A recent blogpost by MyDocSafe has detailed how the onboarding process within wealth management is impacting the client experience through its complexity.

ESMA publishes paper setting out plans to change MiFID II reporting requirements

The European Security and Markets Authority (ESMA) has invited firms to comment on its consultation paper seeking to make reporting requirements changes under MiFID II.

Hiro rebrands as it gears up for international expansion

Hiro, which aims to transform insurance into being prevention-first, has rebranded as Locket as it gears up for international growth.

Banking API provider M2P Fintech picks up $35m Series C

India-based M2P Fintech has secured $35m from a Series C funding round led by US investment firm Tiger Global.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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