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/payments

Embedded finance company Rupifi raises $25m Series A

Rupifi, India’s 1st Embedded Finance company which operates in the B2B Payments space through its B2B Buy Now Pay Later (BNPL) and SME focused Commercial Card products, has raised a $25M Series-A round led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in this round, along with Better Capital. Founded in 2020 by Anubhav Jain, Ankit Singh and Jawaid Iqbal, this is Rupifi’s second investment round within a span of 9 months, since its Pre-Series A in March 2021.

/security

PhonePe to tokenise cards on Visa, Mastercard and Rupay

PhonePe, India’s leading digital payments platform, today announced that it has become the first payments platform to tokenise cards on all 3 major payment networks - Visa, Mastercard & Rupay.

/payments

Mercado Libre acquires Redelcom

Mercado Libre, a technology firm and the largest e-commerce company in Latin America, announced the acquisition of Redelcom, a Chilean company that has been operating since 2010 as a payment services provider and that in October 2019 began offering point-of-sale (POS) terminals with the latest technology to retailers.

/payments

Worldlines and Joom bring social ecommerce to Russia

Worldline [Euronext: WLN], the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with ‘social ecommerce’ platform Joom, to manage payments in multiple European countries.

/payments

TrueLayer partners Citizen Ticket on payments for event organisers

TrueLayer, Europe’s leading open banking platform, today announced its industry-first collaboration with Citizen Ticket, a platform that provides online payments and ticket management tools to events organisers throughout the UK.

Israeli fintech Tipalti sees valuation exceed $8bn

/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

Klarna rolls out BNPL browser extension

/payments

Klarna rolls out BNPL browser extension

Klarna is launching a browser extension, enabling shoppers to buy now, pay later from their desktops at every online store.

/payments

Walmart Canada adds Interac debit payment options for app shoppers

Walmart Canada and Interac Corp. today announced that they have collaborated to offer Walmart Canada customers the ability to pay with Interac Debit on Walmart.ca and in-app.

/payments

TrustPay forms partnership with PayPal

TrustPay, an European provider of acquiring services and online payments solutions, has announced new partnership with PayPal.

Butter introduces BNPL card

/payments

Butter introduces BNPL card

UK-based buy now, pay later provider Butter is bidding to put a nail in the coffin of the credit card with the launch of its own BNPL card.

/people

Fast appoints Robert Mitchell CFO

Fast, the world's fastest online checkout experience, today announced that Robert Mitchell has been appointed as the company’s first Chief Financial Officer.

/people

Recharge.com names former Amazon exec David Lindheimer CPTO

European branded payments company Recharge.com today announced the appointment of David Lindheimer as Chief Product and Technology Officer. David brings over 20 years of experience leading products and building technology teams for the likes of Microsoft and Amazon across the US and Asia.

Microsoft to bake BNPL into browser with Zip

/payments

Microsoft to bake BNPL into browser with Zip

Microsoft is to embed a buy now, pay later option into the Edge browser through a partnership with Zip.

Black Friday payment data reveals surge in BNPL usage

/payments

Black Friday payment data reveals surge in BNPL usage

There was a 51% increase in the use of BNPL payment methods in Europe during Black Friday, Cyber Week and Cyber Monday compared to the previous year, according to data from Mollie.

YouTrip raises $30m for move into B2B payments

/startups

YouTrip raises $30m for move into B2B payments

Singapore-based neobank YouTrip has raised US$30 million in a Series A funding round that will fuel its move into B2B payments and the wider Southeast Asian market.

/security

Eftpos goes live with Featurespace tech for online shopping security

A powerful new Artificial Intelligence-driven counter-fraud capability designed to stop online crooks in their tracks was today switched on by Australia’s sovereign domestic debit payments scheme, eftpos, as the organisation doubles on security smarts to help level the battlefield for consumers, merchants and crime fighters.

Monzo adds virtual card for contactless payments to Flex BNPL product

/payments

Monzo adds virtual card for contactless payments to Flex BNPL product

Monzo's buy now, pay later product, Flex, will come with a virtual card that lets users make contactless Apple Pay or Google Pay payments in-store.

/payments

Paycast teams with Marqeta and Mastercard on marketplace payments

Marqeta (NASDAQ: MQ), the global modern card issuing platform, Mastercard (NYSE: MA), a leader in global payments, and Paycast (an SPG Company), the marketplace payment engine, announced today a collective partnership to power and launch a digital card product to offer faster and more convenient ways for marketplace sellers to get paid and do business.

Nubank moves into e-commerce

/retail

Nubank moves into e-commerce

Brazilian digital banking giant Nubank has teamed up with a roster of retailers to add an e-commerce section to its app.

/payments

Saigon Commercial Bank picks BPC as tech partner in Vietnam

Saigon Commercial Bank – SCB today announced that it has chosen BPC as its solution partner in Vietnam, helping to accelerate digital transformation in Vietnam’s banking sector.

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