Dear Subscriber,

With the Bank Holiday Weekend and all the fun that comes with it behind us, we have some pretty interesting stories to ease you back into the world of work and payments. The UK taking on the US for investment in payments businesses may not seem like a fair fight, but our plucky David is doing very well against the Goliath of the US, according to a new report from the Emerging Payments Association. In fact, companies that ply their trade in the UK are much more likely to enjoy a longer and healthier lifespan.

In other news, Alipay is having its very own international ‘Uber moment’ as it partners with the ridesharing behemoth to allow Chinese tourists to book and pay for Uber rides using through its own app. Elsewhere, PayPal is flexing its muscle in the online remittance space through its Xoom acquisition, and there’s more funding for the so-called neo-banking space this week with news San Francisco-based Varo Money has pulled in $27m in fresh investment.

Enjoy!

The UK taking on the US for investment in payments businesses may not seem like a fair fight, but our plucky David is doing very well, according to a new report from the Emerging Payments Association.

Uber has partnered with Alipay, the world’s largest third-party payments platform to allow Chinese travellers to book and pay for Uber rides from either the Uber or Alipay app, in all the cities where Uber operates.

In this guest post Marie-Louise Dalton, Marketing Director EMEA at Connexity, a tech-driven market research company, discusses the findings of the company’s recent research about the preferred payments methods of younger shoppers.

PayPal is flexing its muscle in the online remittance space through its Xoom acquisition, looking to take a bigger share of the money transfer industry as it increasingly heads online.

There’s more funding for the so-called neo-banking space this week with news San Francisco-based Varo Money has pulled in $27m in fresh investment.