Saturday, January 28, 2023
PAYMENTS & REMITTANCES

PAYMENTS & REMITTANCES

FinTech leads charge to improve forex payments for China

Growing investments in fintech services are poised to disrupt traditional foreign-exchange channels and drive the expansion of cross-border retail e-commerce. Read more: www.scmp.com

How Visa is using mobile payments at the Rio Olympics

In the latest contactless payments development for the Rio Olympics, Visa has partnered with Swatch to introduce an NFC-enabled watch in Brazil. Read More: www.luxurydaily.com

In mobile payments war, big banks strike back

Banks have key advantages as they start to compete with popular online payment platforms. Read More: www.wsj.com

Private equity firm Innova Capital backs Polish e-payment business PeP

European private equity firm Innova Capital has backed Polish e-payments business Polskie ePlatnosci(PeP). The firm said it intends to use the business as a platform...

The startup that is Europe’s answer to Square

It's one among a fledgling bunch of fintech businesses taking on traditional banks. Read More: fortune.com

SafeCharge unloads its 5% minority stake in FinTech Group AG

SafeCharge exits its minority stake in FinTech Group AG for a small profit. Read more: www.financemagnates.com

Klarna preps for tough competition with $35m debt financing

Sweden's Klarna has raised SEK300m ($35m) in its first subordinated unsecured bond issue as it prepares to battle tough fintech competitors globally.

TransferGo bags $3.4m Series A funding

Vostok Emerging Finance has led a $3.4m Series A financing round in international money transfer service TransferGo

LaSalle Capital acquires online payments platform Processing.com

Chicago-based lower mid-market investor LaSalle Capital has bought a stake in payment solutions provider Processing.com for an undisclosed amount.

Circle pay app launches Chinese operations with $60m in local financing

Instant payments app Circle, which so far provided services to the US and the UK, has now expanded to China with a $60m in fresh funding from local investors.

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