Wyre grabs $5.8m for blockchain-powered remittances
Blockchain-based cross boarder payments service Wyre has picked up $5.8m in a Series A round of funding from a combination of Chinese and US investors. Read more: www.fintechroundup.com
Citi unveils APIs for treasury services
Citi’s Treasury and Trade Solutions (TTS) has launched an application programming interface (API) solution for payment initiation. Read more: www.bankingtech.com
CommBank partners with Barclays
The Commonwealth Bank of Australia and Barclays have announced a partnership that allows cross-app payments and also gives CBA space at Barclays. Read more: www.zdnet.com
Monzo makes money transfer easier with P2P offering
Prior to becoming a bank, Monzo took to equity crowdfunding platform Crowdcube and crushed past records by securing £1 million in an astounding 96 seconds. Read more: www.crowdfundinsider.com
Europe’s mobile payment players braced for battle
European mobile payment providers iZettle and SumUp are among a handful of start-ups that have encouraged European small businesses to kick their cash-only habits. Read more: www.reuters.com
GV backs cross-border payments service Currencycloud
Cross-border payments technology platform Currencycloud has picked up £20m from Alphabet’s venture arm GV (formerly Google Ventures). Read more: www.fintechroundup.com
Payments app Circle launches in Europe
Payments services provider Circle has commenced its operations in Europe, starting with euro availability in Ireland and Spain. Read more: www.bankingtech.com
Klarna picks up team and tech of bankrupt Cookies
Swedish payments processor Klarna is acquiring the technology and team behind bankrupt peer-to-peer payments app Cookies. No price is disclosed on the deal. Read more: www.fintechroundup.com
Dutch banks back all-in-one mobile payments tech from ING
Six Dutch banks are getting behind ING's multi-purpose mobile payments app Payconiq for a Summer roll out in the Netherlands. Read more: www.finextra.com
Indian markets all set to benefit from blockchain tech
An Indian company has come up with a solution that could potentially change the way derivatives and cash contracts are settled in stock markets. Read more: cointelegraph.com