FinTech startup Razorpay is reportedly in talks with existing investor Singapore investment fund GIC to raise circa $150m to $200m in a new financing round.
Brazil-based mobile payments company RecargaPay has raised $70m with the aim to further develop its payment platform.
Remittance firm MoneyGram suspends trading on Ripple’s payment platform, RippleNet, citing the ongoing $1.3bn lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
Google Maps will enable street parking and transit payments.
Challenger Bank Monzo and fintech firm TrueLayer have entered into a partnership to protect customers using new payment methods to remit money when gambling.
Challenger bank Revolut has introduced a QR code payments solution for small businesses.
With an aim to disrupt and digitise the payment sector, the First International Bank of Israel launched new mobile wallet app, FibiPay.
Expanding its business into other areas, Swedish furniture giant IKEA has entered the banking space by acquiring a 49% stake in Ikano Bank.
Accelerating its journey to becoming a unicorn, Indian QR-based payment firm BharatPe has reportedly raised $ 108m in a Series D equity round.
WealthTech and cybersecurity enterprises were among the FinTech businesses that closed investment rounds in the last seven days. Companies operating in the WealthTech, cybersecurity, RegTech,...