Banks rethink strategy as mobile money growth continues
The advent of mobile money services in Rwanda a few years back was touted as a liberating phenomenon by some experts because it enables people send and receive money outside the banking system. Read more: allafrica.com
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.
IK taps Small Cap Fund I to back Nordic payment solution...
European buyout house IK Investment Partners will use its IK Small Cap I Fund to buy a majority stake in Sweden-based payment solution provider OS Group, or OpenSolution.
Mobile payments in the age of the customer
How can banks develop their strategy and prioritise the capabilities that will help them remain valuable to their customers? Read more: www.bankingtech.com
Virtual cards start living up to their name
Conferma CEO Simon Barker tells PYMNTS why virtual cards will really start to take off in the next few years. Read more: www.pymnts.com
Finnish banks usher in new era of real-time payments
A real-time multi-bank mobile payment platform has been launched in Finland by three of the country's top banks. Read more: www.finextra.com
PayPal directors hit with class action suit
On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors. Read more: www.crowdfundinsider.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
Apple Pay grows 500% year on year thanks to global expansion
Apple’s Q3 2016 results may be overshadowed by its third straight quarter of declining revenue but Apple Pay registered strong growth over the period. Read more: www.fintechroundup.com
Can Zelle replace Venmo? Banking giants fight back
Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” Read more: www.crowdfundinsider.com