A further £2.5m is expected to be raised from crowdfunding on Tuesday.
Yet more Google technology is infiltrating the payments industry.
PaymentEye met Mike Camerling, CPO at AEVI, at last year’s Money 20/20 in Las Vegas to get his take on the year’s trends, the evolution of B2B space and to see what the future holds for the payments industry.
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has secured its contract with Transport for London (TFL) for another seven years, with an option to extend a further three years.
PayPal CEO Dan Schulman is attempting to make good on his promise to better serve the unbanked.
The new feature appears closer to being fully functional than previous rumours had suggested.
Amazon recently announced that over 33 million customers have used Amazon Payments to make a purchase.
A Juniper Research report is predicting a 32% increase in mWallet payments in the next 12 months.
PayPal is currently marginally second in alternative payments adoption rate, and Android Pay is set to be the biggest mover in the market.
This GDP growth is being underpinned by a payments infrastructure that relies overwhelmingly on mobile wallets. But why mobile?