Vodafone will allow customers to sync their bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, following a deal with Visa and Carta Worldwide.

Use of the Chinese yuan for international payments is in decline, falling to only the seventh most used currency with less than a 2% market share, according to data from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Canadian direct bank, Tangerine has announced that its mobile banking application will be one of the first apps available on Apple Watch.

Payment solutions provider Oxigen is in the ‘advanced stages’ of talks with investors for a $200m expansion drive across semi-urban and rural India, the company has said.

Santander has recently put $5m behind ‘MyCheck’, an app that makes it easier for consumers to pay their restaurant bill. The backing came from the bank’s Innoventures fund, which launched in July, to invest in early stage fintech startups.