News

Digital Banking
Today in Digital Banking: Blockchain Disrupts Cross-Border Payments, Cashfree Adds Banking as a Service and...
September 07, 2021

Today in digital banking, Cashfree unveils Banking-as-a-Service for FinTechs. Plus, PSPs have started to embrace open banking APIs and blockchain is set to take over the cross-border payment space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Mobile Payments
UK’s PawaPay, Fresh With $9M Seed Funding, Eyes Africa Expansion
September 07, 2021

Like many founders in the African mobile money space, PawaPay CEO Nikolai Barnwell sees endless opportunities for growth as people increasingly embrace mobile money as a safer and more efficient alternative to cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Paya, Paradigm Construct Payments Solution for the Building Industry
September 07, 2021

The payments and commerce solutions provider Paya is working with the software firm Paradigm to help people along the building industry supply chain collect and process payments in real-time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
African FinTech Wave Wraps up $200M Series A Funding Round
September 07, 2021

African mobile money provider Wave recently wrapped up a $200 million Series A funding round that was the largest ever for a company of that type, according to a report by Finextra. Get the Full Story Complete the form to unlock this article and enjoy...

International
First Abu Dhabi to Sell Stake in $1B Payments Unit
September 07, 2021

First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1 billion payments division Magnati, Bloomberg reported. Get the Full Story Complete the form to unlock...

B2B Payments
B2B Payments Today: Next-Day Delivery Requires Streamlined Logistics; Laiye and KPMG Team on Intelligent Automation 
September 07, 2021

Today in B2B payments, BankiFi brings in $3 million to help small- to medium-sized businesses (SMBs), and the increased demand for next-day delivery has retailers overhauling their logistics. Plus, Trade Ledger and ScotPac partner on fast-tracked SMB loan approvals, and Laiye and KPMG China partner...

Cross-border Payments
PayMyTuition, dLocal Team up for International Tuition Payments
September 07, 2021

Payment processing provider PayMyTuition on Tuesday (Sept. 7) announced a partnership with international cross-border payments platform dLocal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Investments
Bangladesh’s ShopUp Announces $75M Series B Round
September 07, 2021

ShopUp is looking to step up its game. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...

Banking
New Report: PSPs Embrace Open Banking APIs for Speed, Compliance, Insights
September 07, 2021

Payment service providers (PSPs) keep money moving and get people and businesses paid, yet in the increasingly connected economy, mounting demands for seamless experiences and omnichannel transaction management are pushing PSPs to explore new solutions. Get the Full Story Complete the form to unlock this...