News - Alternative Payments

Western Union launches enhanced digital services in seven Middle East countries

Western Union has expanded its digital money-moving capabilities across the Middle East with the introduction of online services in seven countries.

PayU acquires Californian fintech Wibmo for $70m

PayU, a provider of online payment services and the fintech arm of Naspers, has acquired Wibmo, a California-based digital payment security and mobile payment technology firm, for $70m.

PayPal to invest $750m in Latin American e-commerce firm MercadoLibre

Online payments provider PayPal has agreed to invest $750m in Latin American e-commerce technology firm MercadoLibre.

HSBC introduces PSD2 developer portal with extended APIs

HSBC has introduced a new developer portal designed to enable third party payment providers to develop products and services for European consumers and businesses.

What is the Loot app? The fintech start-up for millennials backed by RBS

Royal Bank of Scotland has invested £2m in the Loot app as the London fintech aims to take on other challenger banks such as N26, Monzo and Revolut

TrueLayer launches open banking API to boost UK fintech innovation

UK fintechs have been busy innovators in recent years but TrueLayer's new Payments API is hoping to spearhead a brand new wave of digital disruption

UK challenger bank Revolut secures European banking license

Revolut has secured banking license from the European Central Bank, which enables the UK-based fintech startup to provide services that are normally offered by traditional banks.

Fintech start-up Plaid secures $250m series C funding

Fintech start-up Plaid has secured a $250m series C financing, which will be used to expand its fintech ecosystem.

Pay.UK introduces new technology to track fraudulent payments transactions

Pay.UK has introduced Mule Insights Tactical Solution (Mits) to track and recognize fraudulent payments transactions across multiple connected mule accounts.