Virtual cards could displace cheques in the travel market
With the B2B virtual card market estimated at more than $95 billion in gross spending in 2016, payment providers would do well to target the travel sector. Read more: www.bankingtech.com
Wyre scoops up Chinese remittance startup Remitsy
Blockchain-based cross-border payments startup Wyre is acquiring Beijing-based business payments service Remitsy. The financial terms of the deal are undisclosed. Read more: www.fintechroundup.com
Square is in talks to buy the Yik Yak team
Yik Yak, the once high-flying anonymous social network based on college campuses, appears to be heading toward its end. Read more: www.theverge.com
InComm partners with WeChat Pay parent Tencent
Prepaid products company InComm is helping to break down geographical barriers. Read more: finovate.com
PayPal extends partnership with Visa into Asia
PayPal Holdings Inc. and Visa Inc. said they are extending into the Asia-Pacific region a partnership that currently covers only the U.S. Read more: www.bloomberg.com
FinTech startup to give students credit cards
Many students fail the basic tests used by traditional lenders to offer credit. Most don’t even have a social security number. Read more: fintechranking.com
WeChat partners with London payments firm
London-based FinTech firm has announced it is to partner with the tech firm to provide payment options within WeChat’s wildly popular payment app. Read more: bdaily.co.uk
Indonesian bill-payment app Ayopop secures $1m Seed round
Indonesian bill payments app Ayopop has secured $1m in a Seed round. Japanese early-stage VC Gree Ventures led the investment. Read more: www.fintechroundup.com
Turkish payments tool iyzico adds $2m to Series C
Turkish online payments service iyzico is adding another $2m to its Series C funding round to bring it up to $15m. Read more: www.fintechroundup.com
Viewpost expands SME network with Visa partnership
B2B invoicing and payments company Viewpost has partnered with Visa to enable digital payments for small and medium businesses. Read more: bankinnovation.net