Online money transfer service Azimo has launched in China, allowing Europeans to send money directly to every personal bank account in the country for just £1.

PayPal has unveiled a new point-of-sale solution with NFC capability, meaning that its merchants will be able to accept mobile payments from Apple Pay and Google Wallet.

Brett King is joining Anthemis Group as a venture partner while remaining at the helm of Moven, the mobile banking company he founded in 2012.

Former TSYS executive Paul Bridgewater has been named the new CEO of Sage Payment Solutions and Jim Emerick as executive vice president of customer service for Sage North America.

Line is expanding its mobile payment system through a partnership with global e-commerce payment company CyberSource.

Visa is teaming up with Morpho to roll out contactless payment cards to financial institutions across Asia Pacific, Eastern Europe and the Middle East.