Yen, Swiss Franc Grind Higher, Sterling Shines; Euro, Aussie Slide

1. PayWallet closes $8.83 million Series A

Partnerships 

Mastercard and Massmart partner to support SME transition from cash 

Justt, a chargeback mitigation pioneer, today announced the launch of Optimus, a powerful new chargeback intelligence solution.

“Amazon’s recent agreement with Visa illustrates the moveable feast that is the current payments ecosystem. Amazon’s position as an enormous global retailer enables them to negotiate card scheme pricing, a standard for all merchants. So why can’t smaller businesses do the same? This increases the pressure on independent merchants who do not have the buying power of Amazon. Many of these businesses already pay thousands of pounds per year, only to face mid-contract price increases.

Trustly, the leading global payments platform for digital account-to-account transactions, is proud to introduce FlexPay by Trustly, a new product that gives consumers the flexibility to defer the settlement date of a debited amount to a date in the future. Merchants will have the ability to configure the deferred settlement periods to up to 30 days. 

The financial details weren’t shared, but two sources told “Reuters” that the price tag of this cash and equity deal was $100 million.

As eCommerce continues to grow, so does the online payment ecosystem. Never before have there been so many payment options, industry players, and regulations. Regulatory complexity has added friction to the payment process, impacting customer experiences and causing significant revenue loss among merchants. Research shows that up to 30% of potential merchant revenue is lost due to payment friction. 

ApolloX has partnered with a crypto-focused payment service provider (PSP) and regtech firm, Banxa, in order to allow its users to purchase crypto via Visa or Mastercard credit and debit cards.

Embedded fintech leader Payrix today announced it has been acquired by financial technology leader