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South Africa's Peach Payments raises $31m

/payments

South Africa's Peach Payments raises $31m

South African online payments firm Peach Payments is looking to enter new markets after securing $31 million in funding led by Apis Growth Fund II.

Citi Digital Money Symposium: How are FIs leveraging data to meet consumer demand?

/payments

Citi Digital Money Symposium: How are FIs leveraging data to meet consumer demand?

Finextra attended the Citi Digital Money Symposium, which brought together experts from all over the industry to discuss innovation and emerging trends across the online payments sector in 2023. The conference looked at the challenges that could arise as the payments ecosystem becomes increasingly digital.

Singapore and Malaysia launch cross-border QR-code merchant payments

/payments

Singapore and Malaysia launch cross-border QR-code merchant payments

Singapore and Malaysia have linked their payment systems, enabling shoppers to make purchases across borders by scanning QR codes.

Klarna taps ChatGPT for shopping recommendations

/retail

Klarna taps ChatGPT for shopping recommendations

Klarna has built a plugin for ChatGPT that will tap the AI-powered bot to provide shoppers with personalised product recommendations.

Walmart invests $200m in Indian fintech PhonePe

/payments

Walmart invests $200m in Indian fintech PhonePe

Indian mobile payments company PhonePe has secured $200 million in primary capital from US retail giant Walmart.

French payments firms Synalcom and Qori merge

/payments

French payments firms Synalcom and Qori merge

French payments firm Synalcom and Qori are merging to form a new company, called Sylq, that promise to offer an all-in-one merchant payments platform.

Worldline opens Metaverse shopping mall

/crypto

Worldline opens Metaverse shopping mall

Payments firm Worldline is making it easier for firms to enter the metaverse with a white-label shopping mall.

WhatsApp gets Brazilian green light for business payments

/payments

WhatsApp gets Brazilian green light for business payments

Brazil's central bank has given Meta-owned WhatsApp the go-ahead to let users make payments to businesses through its app.

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

/retail

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

Fintech industry body Innovate Finance has called on regulators to extend open banking to support the deployment of budgeting and affordability algorithms as a way to help Brits with the cost-of-living crisis.

FCA grants UK e-money license to Payoneer

/payments

FCA grants UK e-money license to Payoneer

Cross-border payments firm, Payoneer, has gained its Electronic Money License (EMI) with approval from the Financial Conduct Authority (FCA).

India's PhonePe raises $100m at $12bn valuation

/payments

India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

Standard Chartered and Allinpay partnership enables cross-border QR payments

/payments

Standard Chartered and Allinpay partnership enables cross-border QR payments

Standard Chartered Bank and Singaporean company Allinpay have enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

Checkout.com shakes up leadership to take on Stripe

/payments

Checkout.com shakes up leadership to take on Stripe

Online payments firm Checkout.com has announced changes to its leadership team as it prepares its strategy to bolster US expansion and take on Stripe.

Brazil celebrates 2 years of open finance

/payments

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

Egypt's MNT-Halan hits unicorn status

/retail

Egypt's MNT-Halan hits unicorn status

Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.

Climate-tech outfit Greenspark raises £1m

/sustainable

Climate-tech outfit Greenspark raises £1m

Climate-tech startup Greenspark has raised £1 million in a seed funding round led by Fuel Ventures.

Pokémon-playing fish commit credit cod fraud

/payments

Pokémon-playing fish commit credit cod fraud

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

Bolt lays off another 10% of workforce

/payments

Bolt lays off another 10% of workforce

Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year.

Ex-Plaid product lead launches e-commerce payment processing platform

/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

Stripe scores major Amazon deal

/payments

Stripe scores major Amazon deal

Stripe has become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.

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