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Mastercard to invest EUR50m in African online retailer Jumia

/payments

Mastercard to invest EUR50m in African online retailer Jumia

Mastercard is set to invest EUR50 million in Jumia Technologies through a private placement ahead of the Africa-focused ecommerce firm's upcoming initial public offering, according to Bloomberg.

/payments

Mswipe raises $30 million in Series E

Mswipe Technologies Private Limited (“Mswipe” or “the Company”), India's largest independent merchant acquirer and Point of Sale (POS) network provider, today announced its plans to have 1.5 million merchants on its platform by the end of FY 2020.

/payments

Ebanx enters Brazil

Ebanx, a global fintech company with Latin American DNA, which processes payments in LatAm to more than 1,000 international websites, is happy to announce the beginning local operations in Brazil.

/security

Thales locks up Gemalto takeover

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the Offer), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 14 March 2019 in relation to the Acceptance Closing Time.

Remitly taps Visa to let users send cross-border payments to debit cards

/payments

Remitly taps Visa to let users send cross-border payments to debit cards

US mobile money transfer outfit Remitly has teamed up with Visa to let Americans send funds to debit cards across borders.

/Cards

Yandex.Money goes multicurrency

Yandex.Money introduces a new service for multi-currency accounts and cards.

T-Mobile enters mPOS market

/Cards

T-Mobile enters mPOS market

T-Mobile is putting Square and First Data's Clover on notice With GoPoint, a new mobile Point of Sale (mPOS) device offering businesses free same-day funding and no software licensing fees.

/payments

Worldpay moves on Australasia

Worldpay, Inc. (NYSE: WP; LSE WPY), a global leader in payment technology, has announced major investment in Australasia for 2019.

/security

DKB melds biometrics and 3D-Secure for online payments

The software company Netcetera, market leader for 3-D Secure in the DACH region, together with the Deutsche Kreditbank AG (DKB) has modernized the 3-D Secure process for its customers and integrated the payment approval via biometrics.

/payments

PSR publishes annual plan and budget for 2019/20

We have published our Annual Plan and Budget for 2019/20 which sets out our aims and a summary of our anticipated activities and expected costs for the next twelve months.

Mastercard to invest $300 million in Network International

/payments

Mastercard to invest $300 million in Network International

Mastercard has confirmed plans to make a cornerstone $300 million investment in Middle Eastern payments processor Network International, which last week announced its intention to list on the London Stock Exchenge.

/devops

Bian adds new APIs to its Open Exchange

Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), has today announced new additions to its API Exchange.

Citi moves into consumer payments business

/payments

Citi moves into consumer payments business

Citi is making a play for the fast-growing consumer digital payments sector, building a service that lets merchants collect from a host of methods including cards and e-wallets.

/security

EMVCo to develop standards for consumer deive verification

The deployment of Consumer Device Cardholder Verification Method (CDCVM) solutions across the payments ecosystem is increasing.

Apple unveils credit card

/Cards

Apple unveils credit card

Apple is launching its own credit card that will be tightly integrated into its mobile wallet and promises to help customers lead a "healthier financial life".

Card issuing outfit Marqeta nears $250m funding round - TechCrunch

/Cards

Card issuing outfit Marqeta nears $250m funding round - TechCrunch

Open API card issuing and processing platform Marqeta is closing in on a $250 million Series E round at a $1.875 billion valuation, according to TechCrunch.

/retail

First Data buys ayCash

First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced that it has acquired ayCash, a German-based provider of cashless payment terminals and digital merchant services.

/payments

SIA sets out 3 year strategic plan

The Board of Directors of SIA, meeting under the chairmanship of Giuliano Asperti, has approved the 2019-2021 Strategic Plan that aims at further strengthening the positioning of the company at international level and becoming the key player in Europe in the field of digital payments.

/Cards

First Data and InstaReM partner for digital payments

InstaReM, a fintech company that offers faster and cost-effective digital cross-border payment solutions for individuals and businesses across 55+ countries, has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions

/Cards

Prepaid Technologies buys Karmic Labs’ dash

Prepaid Technologies, a leading provider of business payment solutions, announced the acquisition of Karmic Labs’ dash™, the San Francisco-based purchasing card portfolio and expense management solution, as well as other select assets.

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