PayTech Archives - FinTech Futures

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African remittance firms thrive amid COVID-19

Azimo saw a nearly 200% increase over the expected number of new customers in April, May and June.

US holding firm Syncapay buys Wirecard’s North America business

Wirecard put the market value of its North American business at €824m.

JP Morgan launches QuickAccept smartphone card reader to take on Square

QuickAccept was developed by the team from WePay.

TransferWise waives fees on $20m in donations to COVID-19 research

All donations will be exchanged via Google and Reuter’s mid-market rate.

Unifimoney signs cross-border payments deal with Nium

The US neobank promises an “enhanced outbound money experience”.

Supporting a changing workforce: real-time payments and the gig economy

Instant access by gig workers to their pay will create a healthier and more sustainable gig economy in the long-term.

The power of the collective

Martha Mghendi-Fisher is creating a community – a tribe – for women in the financial services industry.

FinTech Futures Jobs: six skills that can get you hired in fintech

The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!

PayPal brings crypto further into mainstream with wallet update

PayPal landed the first conditional crypto licence from the NYSDFS.

Afterpay signs up to Westpac banking-as-a-service platform

Afterpay plans to launch a savings account on the Aussie bank’s software.

Line launches messenger-based banking platform in Thailand

Line has developed and operates the service in collaboration with Thai bank Kasikornbank.

Visa and Mastercard abusing UK duopoly, say retail groups

The major card schemes are accused using their position to charge increased fees.

Canadian invoice firm FundThrough raises $50m to support SMEs

FundThrough aims to eliminate the “wait” for SME payments

Russia’s Yandex and Tinkoff scrap $5.5bn deal

Internal email suggests agreement was lost on nature of the merger.

Stripe acquires Nigerian start-up Paystack in $200m deal

Paystack has 60,000 business customers across Nigeria and Ghana.

PayPal adds interest-free instalments to its UK wallet in BNPL play

Two thirds of British millennials use BNPL services.

Central bank digital currencies – don’t get the popcorn

If the art of the possible is being explored, the art of the valuable remains elusive.

Fintech Razorpay becomes India’s fifth unicorn during COVID-19

By 2025, Razorpay wants to have 50 million business customers.

Marqeta bags undisclosed Mastercard investment

“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.

Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland

“Paynetics showed up as the white knight,” says Wirecard.

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