MySQUAR, a Myanmar-based social media, entertainment and payments platform, has acquired mobile payment operator MyPAY Myanmar (MPM) from MyPay in a cash-stock deal worth £2m. …
Payments processor GPS receives £44m in funding from Dunedin
Global Processing Services (GPS), a payments processor that works with digital and challenger banks, fintechs and financial institutions, has secured £44m investment from British private …
Nets to snap up Polish online payment firms Dotpay/eCard
Nets, a Danish payment services firm, has agreed to acquire Polish online payment firms Dotpay/eCard from private equity firm MCI Capital in a deal worth …
PayPal to buy Hyperwallet for $400m
Digital payments firm PayPal has agreed to acquire payout platform Hyperwallet in a cash deal valued at $400m. Hyperwallet, founded in 2000, has operations in …
South Korean payment app Toss raises $40m in funding
Viva Republica, the parent of South Korean P2P money transfer app Toss, has raked in $40m funding from Singapore’s sovereign wealth fund GIC and venture …
Mint Payments raises A$6.6m in funding
Mint Payments, an Australian payments firm, has raised A$6.6m ($4.9m) in total funding with completion of a share purchase plan. The share purchase, which was …
Truecaller takes over Indian payments startup Chillr
Swedish caller identification app Truecaller has purchased Chillr, an Indian multi-bank payments app launched in 2014, for an undisclosed sum. All of Chillr’s employees will …
Rivetz acquires blockchain payment app developer DISC
US-based mobile security solutions provider Rivetz has acquired DISC Holdings, which specialises in the development of mobile blockchain-based payment applications in the UK. Utilising blockchain …
TSYS swoops on iMobile3
Georgia-based payment solutions provider TSYS has acquired iMobile3, a Florida-based valued added technology services provider to the payments industry, for an undisclosed sum. The acquired …
Ant Financial raises $14bn to fund global expansion
Ant Financial Services Group, a fintech company affiliated to China’s Alibaba Group, has raised nearly $14bn to support its expansion and develop new technologies. In …