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Mastercard, IFC Expand Partnerships To Bring Digital Payments To Emerging Markets

PYMNTS

Mastercard and IFC , a member of the World Bank Group, announced Thursday (April 26) that they have updated a $250 million global risk-sharing facility in an effort to expand access to electronic payments in emerging markets. This partnership will help bring modern financial services to underserved people around the world.

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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

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Independent Panel To Review UK’s FinTech Sector 

PYMNTS

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

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FinTechs In Canada Getting Lots Of VC Love

PYMNTS

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. Thomson Reuters data showed a close to 74 percent increase from 2015 to 2016 in terms of investments in Canadian FinTech startups.

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Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area.

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Small Businesses Making Big Mistake By Going Cash-Only, Report Finds

PYMNTS

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

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Can Moscow Overcome A Tarnished Tech Reputation?

PYMNTS

Innovation and ease of business aren’t necessarily the first concepts that come to mind when thinking about the tech environment in the Russian market. The 2015 Global Startup Ecosystem Ranking listed Moscow as the 13th best city in the world to launch a startup. Moscow is considered to have the largest eCommerce market potential.