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Latest Results from /payments

/payments

Viva Wallet acquisition turns sour for JPMorgan as lawsuits filed

Lawsuits are flying between JPMorgan and Viva Wallet, the European cross-border payments platform in which the US bank acquired a 49% stake last year.

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European banks are challenging the challengers

New research from Economist Impact supported by Temenos finds that European banks are fighting back against competition from platform players, neobanks and payment providers.

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ECB will only use European suppliers for digital euro build

The European Central Bank has been explaining to MEPs its decision to search for possible providers to develop a digital euro platform and infrastructure.

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Colombian payments startup Bold raises $50m

Colombian payments fintech Bold has raised $50 million in a Series C funding round led by General Atlantic.

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Klarna rolls out autofill consumer verification data service

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

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Kema raises $2m to help B2B SMEs with cash flow

UAE-based fintech SaaS platform Kema has raised $2 million in a pre-seed funding round led by Speedinvest.

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Ripple to acquire Standard Custody

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

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Kinnevek writes off investment in Monese

Swedish VC Kinnevek has written off its investment in Monese, adding to the financial woes of the mobile money transfer startup.

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SME banking challenger Finom raises €50 million

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has raised €50 million in Series B funding led by General Catalyst and Northzone.

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Visa boosts B2B digital wallet capabilities

Visa is teaming up with Conferma Pay to let financial institutions add virtual corporate cards into employees’ digital wallets.

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Moneyhub boards public sector open banking push

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

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India tests offline and programmable CBDC

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.