Digital payments are becoming more popular ECB research shows
Cash may still be king, but new research from the European Central Bank shows digital payments are becoming more popular.
Wirecard’s CEO leaves company after search for missing €1.9bn hits a dead end
The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."
18 FinTech and RegTech startups investment rounds you missed last week
From: FinTech Global
Despite coronavirus fears, the last week saw a number of FinTech companies raise money.
From TierPoint's massive $320m round to Pruvo's $1.1m,...
Adyen’s CEO was surprised at how effective AI was to prevent fraud
Global payments unicorn Adyen is looking into how artificial intelligence can boost its payments offering, highlighting how the tech can boost the industry as a whole.
Wyre scoops up Chinese remittance startup Remitsy
Blockchain-based cross-border payments startup Wyre is acquiring Beijing-based business payments service Remitsy. The financial terms of the deal are undisclosed.
Euronet makes $1bn bid to take MoneyGram from Ant Financial
A bidding war seems on the cards over remittances service MoneyGram as Kansas-based electronic payments firm Euronet Worldwide attempts to swoop in on Ant Financial’s $880m acquisition.
GV backs cross-border payments service Currencycloud
Cross-border payments technology platform Currencycloud has picked up £20m from Alphabet’s venture arm GV (formerly Google Ventures).
BitPesa nabs $2.5m for pan-African digital payments
Pan-African digital currency payments startup BitPesa has secured $2.5m in a Series A round to expand across the UK, Europe and West and Southern Africa.
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Transfast lands $40m credit facility from Comvest Partners
Cross-border payment provider Transfast has picked up a $40m credit facility from investment firm Comvest Partners.
