As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Mobile payment provider Samsung Pay has celebrated passing a significant milestone in Africa.
Barclaycard is set to increase the spend limit for contactless payments to £45 from 1 April 2020.
Social payments app VibePay has released a new service which enables users to request payments from anyone, not just through their contacts list.
Bulgarian FinTech Payhawk has reportedly raised €3m in seed funding as it looks to increase its presence in Germany.
Fampay, a payments app aimed at teenagers, has reportedly bagged $4.7m in seed funding which was led by Y Combinator, Venture Highway, Sequoia India and Founders Capital.
SpotOn Transact, a payment solution developer, has netted $50m in its Series B round.
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.
Swedish PayTech unicorn Klarna and Wirecard, the FinTech company, have launched a joint payment solution.
Alibaba’s payment arm has bought a minority stake in Klarna as the Swedish FinTech looks to grow its global reach.