UK digital bank Ziglu launches P2P payments for Bitcoin and Bitcoin Cash
London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s FCA.
How to manage all your payments messaging with one system
PaymentComponents have a solution that allows banks to manage all payments messaging within the same system.
Novatti’s partnership with Ripple to fast-track growth in South-East Asia
Revolut targets 2m Irish customers as it takes on Stripe
Revolut now has 1.2 million Irish customers and is highly confident it can surpass two million given the rate at which it is growing locally.
London Fintech Updraft raises £16m to help people break up with their credit cards
Consumers will pay over £10b in fees and interests for overdraft and credit cards in 2020 alone. Updraft wants to reduce that amount.
India’s Paytm raises $1bn with SoftBank’s contribution
Indian financial technology giant Paytm has raised $1 billion in a new financing round led by U.S.-based global asset manager T Rowe Price and backed by existing investors Ant Financial, SoftBank Vision Fund and Discovery Capital, the company said Monday. The Series G funding round values Paytm at about $16 billion and comes as the company is set to start preparations for an initial public offering in the next 22-24 months. Ant Financial contributed $400 million, while SoftBank Vision Fund invested $200 million in the latest round. The financing sees Paytm outstripping fellow high-profile Asian startups such as Grab and Gojek in valuation and boosts the firm’s war chest to […]
The latest marker of Chinese interest in African fintech is a $120 million funding round for OPay
Chinese interest in African fintech has just stepped up another gear. OPay, the payments service operating in Nigeria, has raised $120 million in a Series B round led mainly by Chinese investors including familiar names like Sequoia China, IDG Capital and Source Code Capital. The round also included participation from Softbank Ventures Asia, Meituan-Dianping, DragonBall Capitak, GaoRong Capital and GSR Ventures. It’s the second major funding announcement by OPay this year and comes just five months after it raised $50 million back in July in a round also led by Chinese investors. OPay was incubated by Opera, the China-owned internet browser. OPay says the new funding will be deployed to […]
Boost and U Mobile partner UnionPay to expand digital payment options in Malaysia
UnionPay International (UPI) has tied up with Malaysian e-wallets U Mobile’s GoPayz and Boost to offer greater ease and convenience of payment to Malaysian consumers. UPI’s partnership with GoPayz enables users to make digital payments locally and overseas by using the new UnionPay Virtual Card available on the app. GoPayz users can make payments by scanning the merchant-presented QR code to enjoy various promotions at participating UnionPay QR merchants worldwide. GoPayz users also have the option of paying with their GoPayz UnionPay physical card. GoPayz is also looking into enabling NFC payment on the app soon so users can easily make payments locally and overseas with a simple tap of their mobile phones […]
