The launch of the secure card reader and mobile app comes with a competitive pricing strategy that poses a direct challenge to both Square and PayPal.

Payment technologies company SafeCharge has announced that it is providing advanced payment processing technologies to Eastern European Games Developer, Aratog.

Alibaba has also sold its SME loans business to Alipay’s parent company, Small and Micro Financial Services, for $518 million.

The third annual FinTech Innovation Lab London is a 12-week mentoring program that helps early and growth stage financial technology entrepreneurs accelerate product development and gain exposure to leading financial industry executives.

FleetCor, which provides fuel cards and workforce payment products to commercial auto fleets, oil companies and petroleum marketers, hopes to expand its North American business and move into the virtual payments market.