News

Fintech company PayU has agreed to acquire Turkish digital payment services provider iyzico for $165m (£129.7m). iyzico enables secure payments to more than 300 marketplaces. Its network includes more than 400,000 personal sellers of varying sizes and about 30,000 online...

Brex, the credit card built for scaling business announced it closed a $100m (£78.5m) investment round led by Kleiner Perkins Digital Growth Fund, with participation from all existing major investors including Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks...

Payment technology major Visa has commercially launched its non-card-based payment network, Visa B2B Connect, which allows seamless bank-to-bank cross-border business transactions. Visa B2B Connect network will enable financial institutions to quickly and safely process high-value corporate cross-border payments across the...

Zurich Insurance Group has wrapped up its previously announced A$2.85bn (£1.57bn) acquisition of OnePath Life, the former Australian life insurance business of ANZ. OnePath Life provides a variety of wealth and insurance products through financial advisers or directly to customers....

J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc and Randy Crisorio, the owner of United Development Systems, Inc. announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially...

Spanish bank BBVA has developed a new platform to enable secure mobile payments in all countries it operates. Using token technology, the bank has developed a platform that connects to Visa and Mastercard directly from each country’s application. The platform...

Global Payments has agreed to acquire rival US payment technology company Total System Services (TSYS) in an all-stock deal worth around $21.5bn (£16.98bn). The merger between Global Payments and TSYS is expected to create a major pure play payment technology...