Dear Subscriber,

It’s all about expansions, investments and selfies in today’s newsletter. Apple Pay has expanded into the Russian market with Mastercard holders at Sberbank being the first to be able to use the American tech giant’s payment service.

While Apple looks to the East, remittance firm Remitly looks to Latin America as it raises $38m in equity and debt financing and expands into Peru, Columbia and Honduras, among others.

Elsewhere in the newsletter, Mastercard is rolling out selfie payments across 12 European countries after a highly successful pilot scheme in Canada.

A story on ING rounds off the newsletter as the Dutch bank reveals a new emphasis on digital transformation that will see 7,000 jobs in Europe being impacted.

Apple Pay has launched in the Russian market allowing Sberbank clients and holders of Mastercard carrots use the American tech giant’s contactless payment service.

ING is set to invest €800m in digital transformation strategies over the next five years and will affect 7,000 jobs, said Ralph Hamers, CEO of ING.

Mastercard is moving online shoppers further away from passwords and pins and closer to biometric technology as it rolls out its Identity Check mobile app across 12 European countries today.

Remitly, an independent US-based remittance company, has received $38m in new funding through equity and debt financing from IFC and Silicon Valley Bank.