Wednesday, January 20, 2021
PAYMENTS & REMITTANCES

PAYMENTS & REMITTANCES

Ant Financial ups its biometrics game with $70m EyeVerify buy

Alibaba’s FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify. Read more: www.fintechroundup.com

Contactless payments to grow 21% as popularity increases

In five years, the market will reach $17.6 billion, growing at a compound annual growth rate (CAGR) of 21.2%. Read more: www.prnewswire.com

Vodafone and PayPal partner on contactless payments

Vodafone and PayPal have joined forces to allow UK customers to make contactless payments. Read more: www.finextra.com

Are connected devices threatening payment security?

Connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service attacks. Read more: www.pymnts.com

Paysafe and ServiceMax target field service sector payments

Paysafe and ServiceMax have partnered to deliver online payment and mobile point of sale solutions to service providers that do a lot of their work in the field. Read more: www.fintechranking.com

PayKey unlocks $6m to bring P2P payments to messaging

Peer-to-peer payments service PayKey has raised $6m in a Series A round of funding co-led by e.ventures and Gaby Salem of Wharton Asset Management. Read more: www.fintechroundup.com

Remittances are driving financial inclusion thanks to mobile

The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more. Read more: www.fintechroundup.com

Mastercard deepens B2B payment in Australia

Mastercard is looking to take a larger share of the B2B payments space in Australia by pushing for companies to pay their suppliers with its products. Read more: www.pymnts.com

Xoom expands into Asia

Xoom, a digital money transfer provider, is expanding its services in Asia as a way to make it easier for US residents to quickly send money to Japan. Read more: www.pymnts.com

Starling Bank joins Faster Payments as direct partner

Starling Bank has become the first digital-only bank to join the Faster Payments Scheme as a direct participant. Read more: www.paymenteye.com

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