We speak to David Page, co-creator and innovation partner at Visa Europe Collab, about the role incubators play, what the emerging European capitals of FinTech are and what the future holds for cash and card payment methods.

The Monetary Authority of Singapore has formed a new FinTech & Innovation Group within its organisation structure with effect from 1 August 2015 and appointed Citi exec Sopnendu Mohanty to lead it.

This summer, Burger King will integrate MasterCard’s digital wallet MasterPass, which will allow Burger King customers to pay for food on their smartphones.

Global Payments, CaixaBank and Erste Group Bank AG have formed a joint payments venture that provides merchant acquiring and payment services in three Eastern European locations.

The digital payments company has secured financial investment from Visa, Amex and other financial giants, raising its valuation to $5 billion.

Newtek, an internally managed business development company, has paid nearly $17m for Premier Payments LLC, an electronic payment processor. Newtek hope the acquisition will expand their presence within the merchant processing space.