Payments News

On The Web

nbsp;

Deals

Yapily Raises $51 Million for Its Open Banking API by Focusing on Infrastructure

“Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures . The company has been working on a single, unified open banking API for several European markets. Developers can leverage that programming interface to interact with third-party bank accounts directly from their own products…Another difference is that Yapily focuses […]
nbsp; nbsp;

Providers

GrabPay adds Adyen to PayLater options amid BNPL boom

“Super app Grab has boosted customers’ buy now, pay later (BNPL) choices in Singapore and Malaysia by expanding its partnership with payment company Adyen . The announcement comes as the region sees increased transactions through deferred payments, with buyers opting to pay installments interest-free through platforms rather than use credit cards for purchases.”
nbsp;

Providers

MFS AFrica Moves Into Sierra Leone

“MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably…With this partnership in place, mobile transfer operator customers that are connected to the MFS Africa hub […]
nbsp;

Providers

US banks ramp up spending on pay and technology

“Costs at the top US banks jumped more than $6.6bn in the most recent quarter, as the intensifying battle for talent and the growing threat from new fintech rivals forced executives to step up spending.  The 10 per cent increase in costs compared with last year at JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of […]
nbsp;

Deals

Revolut Confirms a Fresh $800M in Funding at a $33B Valuation to Supercharge Its Financial Services Superapp

“The fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money. In the latest development, Revolut — the London-based financial “superapp” that provides banking, investing, currency transfer and other money management services to some 16 million users globally — this […]

On The Wires

nbsp;

Providers

Finicity and Green Dot Announce Secure Data Access Agreement to Deliver More Accessible, Seamless and Secure Money Management to Customers

“Finicity, a Mastercard company and leading provider of open banking solutions, announced today that it has signed a data access agreement with Green Dot (NYSE: GDOT), a digital bank and fintech focused on delivering trusted, best-in-class banking and payment solutions that seamlessly connect people to their money…The Finicity direct API experience will first be available […]
nbsp;

Providers

Sezzle Launches ‘Sezzle Capital’ for Merchant Partners

“Sezzle Inc. (ASX: SZL) (Sezzle or Company) // – Sezzle , a purpose-driven payments company, today announces the upcoming launch of ‘Sezzle Capital’, a program enabling retail partners with working capital up to US$10 Million. Powered by Wayflyer , a hassle-free, flexible funding platform, Sezzle Capital provides merchants with a bridge to fast, affordable, unsecured funds. The new program […]
nbsp;

Providers

Afterpay introduces ‘Money by Afterpay’ and announces Australian launch is slated for October to help the next generation reimagine the way they manage money

“Afterpay Australia Pty Limited today announced key details of its new money and lifestyle app Money by Afterpay (“Money app”) which will begin its roll out today with an Australian staff pilot. The Money app will mark the debut of Afterpay’s collaboration with Westpac just ten months after it was announced, setting the scene for […]
nbsp;