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The Mike Cannon-Brookes backed fintech startup Tryo has partnered with PayPal to enable merchants to accept mobile payments in-store.
With venture capital investments in FinTech startups booming, at a record US$315 million raised in 2014 and more in 2015, we wondered: Where is all this funding being spent, and why are those in the digital currency business not living a more “FunTech” lifestyle?
Fintech firms struggling to get funding could now look towards Santander as a possible investor.
Citibank along with IBM Cloud Computing and MasterCard Start Path is actively involved in fostering innovation in the fintech arena. Citi Mobile Challenge EMEA is one such program conducted across three different regions in the world namely, Europe, Middle East and Africa.
Whilst reports suggest mobile payments could dominate in the future, cards – contactless in particular – are experiencing a meteoric rise in usage in the present.
As a more complete picture emerges of the sensational corruption allegedly carried out by FIFA's aristocracy, experts say it would have been difficult to move millions in bribes if it weren't for financial institutions turning a blind eye — yet again — to transactions that should have raised suspicion.
Global payment services firm MasterCard, together with the Bill and Melinda Gates Foundation, have announced a partnership to launch a new financial services innovation lab for entrepreneurs in East Africa.