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Pakistan launches new instant payment system Raast

Government hopes Raast can host a collection of payment types.

Dubai-based Bankiom promises “new way” to manage money

Banking app promises fast account setup and loan processing.

Philippines’ mobile wallet GCash closes on $1bn valuation with new funding

Mynt-operated firm raises $175m from US investor.

Shariah P2P fintech Alami raises $20m in debt financing

Alami hopes to distribute trillions to SMEs and micro businesses.

UK payments acquirer Unlimint powers on with “aggressive” LatAm expansion

In November, the fintech rebranded to Unlimint from ‘Cardpay’ as part of its expansion plans.

Stripe cuts off Trump campaign for inciting violence

Payments processor strips Trump for encouraging violence.

Fintech funding deals globally 4-10 January 2021

Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.

UK Treasury calls for input on planned regulation of cryptoassets and stablecoins

UK’s finance ministry says “the landscape has changed” in a short time.

Nets acquires Checkout Finland through Paytrail subsidiary

Nets happy to continue a wave of consolidation across European payments.

AvidXchange acquires TimberScan provider Core Associates

Firm now claims to be largest account payable firm in the construction sector.

Fintech funding deals globally 28 Dec 2020-3 Jan 2021

Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.

China’s central bank issues Ant Group ultimatum after blocked IPO

The Peoples’ Bank of China wants Ant to overhaul its business or face the consequences.

Calls for UK Treasury to up contactless limit from £45 to £100

The UK no longer needs to follow the EU’s €50, or £45, contactless limit.

Jamaican central bank plans electronic payments regulation revamp

Jamaicans sent $4 billion in electronic payments in 2019.

QR Codes: will COVID-19 be the great global equaliser?

Across China QR codes are already ubiquitous, and the pandemic only accelerated user adoption.

TransferWise preps for 2021 IPO

The firm has asked investment banks to pitch in the new year for roles on an impending IPO.

2020 review: Top five cyberattacks this year

Cybercriminals haven’t stopped their activities in 2020.

UK fintech GoCardless raises $95m funding

The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.

IBM buys Canadian fintech Expertus to bolster payments offerings

The acquisition strengthens its portfolio as an end-to-end digital payments solution provider.

Paytech firm Ondot acquired by US banking tech giant Fiserv

Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.

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