A new blogpost by Currencycloud has underlined how the coronavirus pandemic and the restrictions put in place due to it has led to the massive growth of digital remittances.
Digital commerce and payment provider CellPoint Digital has scored $25m in funding from an equity financing round.
Indian buy now, pay later (BNPL) firm Pine Labs has secured a $20m investment from the State Bank of India, the largest commercial bank in the country.
Mobile payments provider Judopay has teamed with Mastercard to help strengthen the latter’s Click to Pay product.
Vietnamese mobile payments app MoMo has reportedly collected $200m in a Series E funding round from global investors.
The Bank of Indonesia has launched a new retail payments system to help cut the cost of money transfers and support the growth of the digital economy.
Payments unicorn EBANX has purchased remittances company Remessa Online in a deal valued at $229m.
Cross-border financial platform Taptap Send has reeled in $65m from a Series B funding round led by Spark Capital.
Visa has officially acquired cross-border payments firm Currencycloud in a deal valued at £700m.
Private equity firm Thoma Bravo has entered a deal to acquire business payments company Bottomline Technologies in an all-cash transaction worth $2.6bn.