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.

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.

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.

Amazon taps Barclays to provide flexible payment offering to customers

Amazon has partnered with Barclays to secure access to Instalments, a flexible payment service that will enable Amazon customers in the UK to pay for products in instalments.

PayTech Papaya squeezes $50m from Series B to continue expansion

Mobile bill payment application Papaya has raised $50m from a Series B funding round headed by Bessemer Venture Partners.

Poor payment processes prove perilous, Vyne reveals

Hidden charges, slow speeds, website failures and lack of security are causing 40% of shoppers to abandon their baskets when online shopping, according to...

Card issuing powerhouse Marqeta backs Connexpay in Series B raise

Payments gateway ConnexPay has snared $20m from a Series B funding round headed by card issuing giant Marqeta.

Marqeta widens European presence through expanded Klarna partnership

Klarna has entered 13 new European markets after it expanded its alliance with card issuer Marqeta.

The two PayTechs merging to create a global processing powerhouse

Global issuer processors Paymentology and Tutuka are merging to create the first global issuer-processor that will cover 49 countries worldwide.

More than half of consumers want more payment choices at the checkout

A recent study by payments platform Paysafe has found 52% of customers worldwide are keen to see more payment options available for use at the checkout.

News Stories

March Capital pours $15m funding into payments firm Gr4vy

Cloud-native payments orchestration firm Gr4vy has secured $15m in Series A extension funding.

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.

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