Singapore-based bill splitting app, BillPin, has bought older rival BillMonk from Indian mobile money provider Obopay (reports StrategyEye). The financial terms of the deal have not been revealed. Founded in 2005, BillMonk is a bill splitting services available and was acquired by Obopay in 2007.
Meanwhile, BillPin was founded in October and has since acquired a user base of 5,000 for its iOS and Android app. The company says its users should increase by 50 times with the migration of BillMonk’s users. None of BillMonk’s engineers will be leaving Obopay for BillPin.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.