Uber-rival Grab snatches Kudo to power up payments
South-East Asian Uber-rival Grab is boosting its payments powers with the acquisition of e-commerce and payments service Kudo.
soCash takes $600,000 to replace ATMs
Singapore-based soCash has raised $600,000 to let users get cash from shops rather than ATMS. The investment comes from angel backers in the banking and tech industries.
Perpule closes seed funding for queue-jumping payments
In-store payments app Perpule has secured $650,000 in Seed funding led by Kstart – a sister company of VC Kalaari Capital.
Snapdeal pumps $20m in payments arm FreeCharge
The Mumbai-based payments service was acquired by the e-commerce giant in April 2015 for $400m and competes with in the region with Alibaba-backed Paytm.
JP Morgan Chase buys tech behind failed CurrentC
JP Morgan Chase is ramping up its mobile payments offering through the acquisition of MCX’s payments technology.
Ant Financial backs Philippines FinTech player Mynt
Chinese fintech giant Ant financial is making moves in the Philippines with an investment in Mynt. The size of the deal is undisclosed.
Japanese mobile payments company Coiney wraps up $7.1m
Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. The Tokyo-based firm offers a range of payments technologies to merchants.
Qvivr picks up $5m to move beyond smart cards
Silicon Valley-based payments startup Qvivr has raised $5m in a Series A round led by Khosla Ventures.
Group payments app Tilt in buyout talks with Airbnb
Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.
Daimler acquires PayCash Europe to launch Mercedes pay
Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.
