Adyen, the global financial technology platform of choice for leading businesses, announces that it has broadened its partnership with FREE NOW, Europe’s leading mobility platform, to offer card issuing for mobility. This financial services addition builds on Adyen and FREE NOW’s long-standing relationship, which previously spanned global payments.

2022 was a challenging year for much of the global tech industry. However, unlike previous tech recessions, the impact was not universally felt. Some sectors like SaaS, martech and insurtech continued to do well, while others such as speedy grocery delivery and ecommerce took big hits. The picture for the fintech industry was equally complex. Cryptocurrency companies took a hammering, in stark contrast to the success of money management apps.

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), and Shieldpay, the market leading fintech solving high value, complex B2B payments, today announced their partnership. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring, as Shieldpay scales its operations.
 

Retail customers of the international payment service provider (PSP), Computop, will now be able to use smartphones at the POS to accept contactless payments.
 
With the new Computop PhonePOS solution, which will be debuted by Computop (Hall 6 booth E24) at the EuroShop trade fair in Dusseldorf (26 Feb-2 Mar) secure PIN entry will allow retailers to accept payments over £50 or 50 euros.
 

Lloyds Bank Business & Commercial Banking has strengthened its Specialist Client Solutions team with the appointment of Tim Biddle as Head of Invoice Finance and Asset Finance Field Sales.

In an exclusive interview with 

International payment service provider and direct bank acquirer, ECOMMPAY, has today announced the launch of its first Buy Now, Pay Later (BNPL) offering. Built with the company’s proprietary technology, the new payment solution promises 24/7 customer support with a robust risk scoring system tailored to an individual’s travel circumstances, offering higher credit limits for specific travel needs, and credit return limits to protect booking agencies and travel agents.

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

The ongoing round was joined by Ribbit Capital, Tiger Global and TVS Capital Funds. PhonePe says it expects further investment to follow.

APEXX Global, (“APEXX”), the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to-account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets.

It has been recently reported that global fines for banks and other financial institutions surged more than 50% in 2022 for failing to prevent money laundering and other financial crime. This has led to $5 billion in fines being handed out. Therefore, it’s perhaps not surprising to see in the news this month that Barclays is being probed by the FCA for suspected persistent failings in its compliance and AML systems.