Payments & Remittances

Payments & Remittances

Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

PayPal launches Singapore FinTech Innovation Lab

PayPal is offering a boost to Singapore’s the FinTech scene and opening a new Innovation Lab in the city.

Payoneer lands $180m for cross-border business payments

Cross boarder payments service for businesses Payoneer has raised $180m in a round led by late-stage investor Technology Crossover Ventures (TCV).

Remittances are driving financial inclusion thanks to mobile

The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more.

Ant Financial expands reach with $200m investment in Kakao Pay

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay.

Mobile payments player LevelUp swipes $50m from JP Morgan Chase

Mobile payments network LevelUp has picked up $50m in a new round of funding from banking giant JPMorgan Chase.

PayKey lands another $6m for its latest round of funding

Social media payment platform PayKey has reportedly picked up $6m for its Series B funding round.

Loyalty card platform Joyn bags €2m investment

Belgium-based digital loyalty card provider Joyn has reportedly raised €2m in its latest funding round.

Power2SME closes $36m Series E funding round

India-based Power2SME has closed a $36m Series E funding round to help with geographic expansion.

Australia-based Verrency bags $15m Sereis A to support its international growth

Payment solution platform Verrency has bagged $15m in a Series A funding round, as it looks to further international expansion.

News Stories

Lloyds Bank taps Minna Technologies and Visa for new digital bank subscription management tool

Lloyds Bank has announced that its customers will soon be empowered to better view, manage and amend their subscriptions through its banking app.

Opera to acquire digital bank Fjord Bank

Browser provider Opera is looking to buy challenger bank Fjord Bank in a bid to further accelerate Opera's European FinTech operations.

FinTech unicorn Marqeta prepares for IPO

Rumours about Marqeta going public have found new energy as sources say the payment card issuing startup is in talks with investment banks for an initial public offering (IPO).

Wirecard’s Dublin office raided by police

Irish police raided failed payments technology giant Wirecard's Dublin offices at the end of last week.

Nicolas Weng Kan has been named as smart money app Yolt’s new CEO

Nicolas Weng Kan, the former Google Compare and Confused.com CEO, has been named as the new head honcho of smart money app Yolt.