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
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
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...
SafeCharge exits its minority stake in FinTech Group AG for a small profit. Read more: www.financemagnates.com
Sweden's Klarna has raised SEK300m ($35m) in its first subordinated unsecured bond issue as it prepares to battle tough fintech competitors globally.
Chicago-based lower mid-market investor LaSalle Capital has bought a stake in payment solutions provider Processing.com for an undisclosed amount.
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.