How Covid-19 supercharged the growth of the digital remittance market

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.

PayTech CellPoint bags $25m to fuel international expansion

Digital commerce and payment provider CellPoint Digital has scored $25m in funding from an equity financing round.

State Bank of India backs Pine Labs with $20m investment

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.

Judopay taps Mastercard to help bolster its Click to Pay solution

Mobile payments provider Judopay has teamed with Mastercard to help strengthen the latter’s Click to Pay product.

Vietnamese mobile payments app MoMo collects $200m in funding

Vietnamese mobile payments app MoMo has reportedly collected $200m in a Series E funding round from global investors.

Bank of Indonesia unveils new retail payments system

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.

EBANX acquires remittance start-up Remessa Online in $229m deal

Payments unicorn EBANX has purchased remittances company Remessa Online in a deal valued at $229m.

Taptap Send lands $65m to advance fight against global financial inequality

Cross-border financial platform Taptap Send has reeled in $65m from a Series B funding round led by Spark Capital.

Currencycloud becomes a Visa company

Visa has officially acquired cross-border payments firm Currencycloud in a deal valued at £700m.

Thoma Bravo to acquire PayTech Bottomline in $2.6bn deal

Private equity firm Thoma Bravo has entered a deal to acquire business payments company Bottomline Technologies in an all-cash transaction worth $2.6bn.

News Stories

FCC chair calls for new policies around telecom data breach reporting

The chairwoman of the Federal Communications Commission (FCC) Jessica Rosenworcel has called for new policies around telecom providers’ reporting of data breaches.

UK’s Payment Systems Regulator releases 5-year plan

The UK’s Payment Systems Regulator has released its five-year plan to support the payment services.

Investing app Seashell launches from stealth after seed close

Seashell, which hope to create a consumer-first modern banking and investment platform, has launched from stealth after the closed of its seed round.

The PRA underlines 2022 supervisory priorities for international banks in the UK

The Prudential Regulatory Authority (PRA) has set out in a Dear CEO letter its supervisory priorities for international banks active in the UK for 2022.

The EBA issues new guidelines for resolvability

The European Banking Authority (EBA) has given institutions and authorities a 2024 deadline for new resolvability guidelines.

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