Swedish mPOS vendor iZettle is to get EUR30 million in debt funding from the European Investment Bank to help it better understand the technology needs of small companies.
London-based Direct Debit network GoCardless has raised a further $22.5 million in funding from existing investors Accel, Balderton Capital, Notion, and Passion, as it looks to extend its reach across international borders.
Ripple is to work with financial institutions in South Korea to enable blockchain-based cross-border payments transfers with Japanese banks.
Yolt, the UK money management app backed by Dutch banking giant ING, has added a host of new features, including a money transfer comparison service.
Apple's peer-to-peer payments feature will not go live with the launch of iOS 11 tomorrow but will arrive this Autumn, enabling users to send money and get paid in Messages.
Commonwealth Bank of Australia is adding support for Android Pay and NFC payments through Garmin smartwatches, but iPhone users will continue to have to make do with contactless stickers.
HSBC customers in China can now make payments with a selfie, thanks to the introduction of facial recognition technology in the bank's mobile app.
Google has launched Tez, a mobile payments app which utilises India's Unified Payments Interface to enable smartphone users to send money to each other and pay for goods and services both offline and online.
Dutch bank ING says that a contactless charity donation box trial has proved a big hit, resulting in the value of average donations more than doubling that seen with old fashioned cash collection tins.
The details of more than 200,000 Visa and Mastercard cards were stolen during the recent cyber-breach at credit referencing firm Equifax.
© Finextra Research 2017