Paytm, India’s largest mobile wallet service has exceeded its own performance targets, and has now received approval for a cash injection from Alibaba unit Ant financial services.

The provider of end-to-end wireless transactions has released a new software development kit that will allow iOS and Android app developers to accept new payment methods such as NFC and Apple Pay.

Chase intends to switch nearly three-quarters of its cards to chip technology as 80 per cent of Chase card users worry about card security.

Lending giant Santander has released the Santander Cycles app, allowing users to rent bikes provided by Transport for London’s (TFL) cycle hire network.

Payoneer, a cross-border payments specialist has been selected by freelance marketplace PeoplePerHour (PPH) to facilitate its payment system.

The financial advice company has secured $64m in Series A funding led by Institutional Venture Partners (IVP). It will now have $100m to use to disrupt the internet personal finance market.