UK mobile payments topped £288m in 2016
Contactless spending in the UK is on the up with mobile ‘tap and pay’ transactions set to “threaten the future of the traditional payment card”. Read more: startups.co.uk
BNY Mellon suffers payments glitch
BNY Mellon experienced problems with processing clients’ payments instructions, it blamed the issue on its connection to Swift. Read more: www.bankingtech.com
Credit China FinTech signs MoU with ManagePay Systems
Credit China FinTech has signed a MoU with Malaysian FinTech firm ManagePay Systems to focus on lending, mobile POS and e-money. Read more: www.econotimes.com
Can FinTech solve the extended supplier payment term puzzle?
A new type of financial services provider is emerging, and experts believe it has the power to transform global supply chains. Read more: www.business2community.com
Payzer locks in $4.25m for workers finance tools
Mobile finance tool for workers in the field Payzer has raised $4.25m in a Series B round of equity capital. Read more: www.fintechroundup.com
US Bank ties perks of high-end card to mobile payments
Banks have long believed that the key to sparking mobile payments is better incentives. Read more: www.americanbanker.com
Financeit grabs $17m to fund TD Bank acquisition
Point-of-sale financing provider Financeit has raised a $17m round of funding led by The Pritzker Organization and DNS Capital. Read more: www.fintechroundup.com
Singapore wants to be Asia’s Sweden for Cashless Payment
Singapore plans to reduce the role of cash and checks in its economy by encouraging banks to switch to digital payments. Read more: www.bloomberg.com
Myanmar’s MyPay in talks to acquire Singapore’s Fastacash
Two Southeast Asian payment companies are in serious acquisition talks and expect the deal to be done in the coming months. Read more: www.e27.co
Stripe hires engineering team behind failed database startup
Online payments solution for developers Stripe is picking up the engineering team behind NoSQL database startup ReThinkDB. Read more: www.fintechroundup.com