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Analysis
Payments
Analysis
Can Africa’s Telco Giants Disrupt Nigeria’s Payments Industry?
2022-06-09T17:07:55.227+02:00
MTN Nigeria and Airtel Africa want to drive inclusion in Nigeria's payments industry.
Trust, adoption, and acceptance are some of the challenges on their way, experts say.
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US Retailers Show Interest in Crypto Assets, Report Says
2022-06-09T10:15:22.878+02:00
According to Deloitte’s report, 85% of merchants expect suppliers to accept crypto in the next 5 years.
Merchants agreed that the adoption of crypto gives them a ‘competitive edge’.
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FinTech
MFS Africa Acquires GTP in Rare Acquisition of US Tech Firm
2022-06-08T17:52:37.096+02:00
The deal is reportedly worth $34 million.
The CEO Okoudjou says the acquisition is a "momentous milestone" for Africa.
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Monty Finance Expands Global Presence, Enters Europe with New Services
2022-06-08T13:13:29.814+02:00
The fintech company is headquartered in the United Kingdom.
Monty Finance has officially launched its neobank and payment gateway in all European markets.
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CryptoCurrency
Fiat Republic Becomes EMI after Paybase Acquisition, Raises $2.5m
2022-06-08T11:00:00.000+02:00
The funding raise was led by Credo Ventures.
Fiat Republic has also partnered with a leading US bank.
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FinTech
Revolut Collaborates with Tink to Ease Money Transfer in Europe
2022-06-07T16:51:44.044+02:00
Users will authorize money movement without leaving Revolut app.
The partnership follows Revolut's move to deepen its presence in the US.
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MoneyGram Collaborates with Mobily Pay
2022-06-04T12:09:52.755+02:00
The partnership will enable the launch of MoneyGram’s global money transfer capabilities on Mobily Pay.
The collaboration is expected to be live for consumers later in 2022.
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TrueLayer Partners with Thunes to Improve Payment Experience
2022-06-01T15:13:40.533+02:00
Thunes is building a borderless B2B payment infrastructure.
The partnership will facilitate consumers across the UK and Europe.
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Executive Moves
PagoNxt Names Kush Saxena as CEO of PagoNxt Merchant Solutions
2022-05-31T14:00:00.886+02:00
Saxena joins PagoNxt from Mastercard.
Established in 2020, PagoNxt brings together all of Santander’s most innovative payments businesses.
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Trustly Announces Acquisition of Ecospend
2022-05-31T13:01:43.480+02:00
Ecospend is an open banking payments platform based in the UK.
The financial details of the acquisition were not disclosed.
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Moneycorp Posts 70% Rise in Group EBITDA for Q1 2022
2022-05-25T09:12:34.147+02:00
In 2021, the Group saw strong growth in gross revenue and trading volumes.
The payments firm also highlighted the surging demand from financial institutions and SMEs.
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Xendit Receives $300 Million in Series D Funding
2022-05-23T10:53:00.522+02:00
The payments platform closed its Series C investment round last year.
Xendit aims to increase the use of digital tools in the payment sector.
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Executives
BridgerPay Hires Laoura Salveta to Lead Marketing Team
2022-05-20T15:59:55.270+02:00
Salveta brings over 20 years of marketing experience to the role.
The move precedes BridgerPay's The Future of Payments event.
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FinTech
Ripple Dedicates $100m to Carbon Removal, Climate Fintech Companies
2022-05-19T17:58:55.569+02:00
The fund will support innovation on the XRP Ledger.
The ultimate goal is to limit the rise of global temperature to 1.5°C.
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Nium Expands Payment Services in Malaysia
2022-05-19T11:13:08.949+02:00
The real-time payments services are now available in the region.
In 2021, Malaysia recorded 1.1 billion real-time payment transactions.
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Payments
The Top 5 Payment Gateway Providers in 2022
2022-05-12T12:45:28.157+02:00
Everyone is looking for a safe and hassle-free solution for their business.
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Payments
Ebury Acquires Bexs to Expand Global Payments Offering
2022-05-12T09:27:44.643+02:00
The move will enhance Ebury’s presence in Brazil.
The acquisition is subject to regulatory approval.
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Flywire’s Revenue Jump 43% YoY in Q1 2022
2022-05-11T08:26:16.495+02:00
The total payment volume during the first quarter climbed 46%.
However, the company posted a net loss of $10.1 million in the recent quarter.
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Ayden Enhances Global Collaboration with Afterpay
2022-05-10T07:56:54.679+02:00
The companies are working together to process payments across key markets.
BNPL payment methods are gaining popularity in Europe and North America.
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Thought Leaders
BridgerPay Launches First Self-Onboarding Payment Operations Platform
2022-05-09T10:04:59.237+02:00
The development of the world's first platform in this space comes after a $6M seed round.
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News
MoneyGram’s Digital Revenue Reaches Record High in Q1 2022
2022-05-07T18:53:39.223+02:00
Gross profit for the latest quarter came in at $146.2 million.
Diluted earnings per share reached $0.05.
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Tiger Global Leads Kard’s $23 Million Funding Round
2022-05-07T12:21:30.238+02:00
The company aims to expand its merchant network and product suite.
Fin Capital also participated in the investment round.
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Kevin Secures $65 Million in Series A Funding
2022-05-06T11:08:16.473+02:00
The payments startup aims to enhance its operations.
The investment round was led by Accel.
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Executive Moves
Payer Appoints Dominik Belloin as New Chairman of the Board
2022-05-06T07:36:58.055+02:00
The newly announced Chairman succeeds Annika Javestad.
Belloin has more than three decades of experience in the financial sector.
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News
Fiserv to Support Businesses through BNPL Enablement
2022-05-05T07:49:20.392+02:00
The company aims to simplify the way businesses enable Buy Now Pay Later.
To achieve its mission, Fiserv has announced a new partnership with Affirm.
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