How the coronavirus will affect different segments of the FinTech industry

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

Samsung Pay passed the two million transaction milestone in South Africa last month

Mobile payment provider Samsung Pay has celebrated passing a significant milestone in Africa.

Barclaycard to increase contactless payments cap

Barclaycard is set to increase the spend limit for contactless payments to £45 from 1 April 2020.

VibePay releases new payment tool to help “social sellers”

Social payments app VibePay has released a new service which enables users to request payments from anyone, not just through their contacts list.

Payhawk said to raise €3m in seed round

Bulgarian FinTech Payhawk has reportedly raised €3m in seed funding as it looks to increase its presence in Germany.

Payments app for teenagers Fampay said to close round on $4.7m

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 nets $50m in its Series B

SpotOn Transact, a payment solution developer, has netted $50m in its Series B round.

Mobile point-of-sales terminals market revenues expected to grow roughly 30 times by 2027

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.

Wirecard and Klarna ink new deal to give merchants even more payment options

Swedish PayTech unicorn Klarna and Wirecard, the FinTech company, have launched a joint payment solution.

Ant Financial Group takes minority stake in Swedish unicorn Klarna in new deal

Alibaba’s payment arm has bought a minority stake in Klarna as the Swedish FinTech looks to grow its global reach.

News Stories

Metro Bank will waive overdraft interest because of the coronavirus

MetroBank has announced that it will not charging any overdraft fees for account holders between March 1 and June 30 to help customers cope with the coronavirus crisis.

Will InsurTech startups come out as the big winners of the coronavirus pandemic?

COVID-19 could be great for the InsurTech industry as the crisis highlight where insurers’ shortcomings are. But that does not mean there won’t be hard times ahead.

“The right thing to do to support the industry” – why some FinTechs are...

With the coronavirus pandemic putting strains on businesses, some FinTechs have been offering their services for free to help.

RegTech startup VoxSmart recieves £5.5m investment from Natwest

VoxSmart, a communication monitoring service provider, has received £5.5m in a funding round from UK bank NatWest.

Crypto data platform Coin Metrics collects $6m in new round

Cryptoasset data and infrastructure platform Coin Metrics has collected $6m in funding as it looks to enhance its product suite.