Аsia
Walmart-backed PhonePe prepares for $1.5 billion India IPO, Bloomberg News reports
Reuters, Posted June 23, 2025
Walmart (WMT.N), opens new tab-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $1.5 billion, Bloomberg News reported on Monday, citing people familiar with the matter.
The IPO would value PhonePe at nearly $15 billion, the report said, adding that the company is planning to file draft papers for the listing by August.
SAP Taulia and PayMate team up for global payment boost
Fintech Global, Posted June 23, 2025
SAP Taulia has announced a strategic partnership with PayMate to offer enhanced payment flexibility for businesses operating across the APAC and EMEA regions.
Under this collaboration, SAP Taulia’s clients will gain access to PayMate’s advanced payment infrastructure, allowing for seamless business payments using virtual commercial credit cards. In markets such as Australia, South Africa, and New Zealand, PayMate operates under the brand DuNoMo.
The integration enables suppliers to receive virtual card payments directly into their bank accounts, eliminating the need for manual processing. The offering supports both domestic and cross-border transactions, empowering businesses to improve cash flow management and reduce operational friction. By leveraging existing commercial credit lines, companies can optimise working capital usage and increase financial agility.
Instapay raises $3m to expand digital payments and B2B remittances
IBS Intelligence, Posted June 23, 2025
Instapay Technologies, a Malaysian FinTech platform focused on inclusive financial services and digital payments, has raised $3 million in its Series A2 funding round.
The funding follows Instapay’s $4.75 million Series A round in September 2022, showing continued investor confidence and steady business growth.
Instapay will allocate the new capital to expand its digital product suite, cross-border payment infrastructure, and enter new regional markets. A key focus will be on scaling its foreign worker payroll ecosystem, a segment vital to financial inclusion in Malaysia, and advancing its Glyd Corporate Expense Management platform through the rollout of B2B remittance capabilities.
Salmon raises $88m to expand digital banking across Southeast Asia
IBS Intelligence, Posted June 24, 2025
Salmon Group Ltd., a Philippines-based FinTech firm, has raised $88 million through a Nordic bond drawdown and new equity from global investors to simplify access to credit across Southeast Asia.
The fundraise includes a $60 million drawdown under a landmark $150 million Nordic bond framework, and $28 million in new equity led by Spice Expeditions, LP, a FinTech-focused venture capital firm founded by former Ribbit Capital partner Nick Huber. The equity component also attracted participation from top-tier institutional investors, including Antler Elevate, alongside existing shareholders such as the International Finance Corporation (IFC), ADQ/Lunate, Northstar, Back in Black Capital, and prominent local investors in the Philippines.
Europe
How Deutsche Bank and Silverflow Built European Payments Hub
Fintech Magazine, Posted June 24, 2025
Deutsche Bank deploys Amsterdam fintech’s cloud infrastructure to streamline merchant acquiring across European markets
Deutsche Bank has formed a strategic partnership with Amsterdam-based payments processor Silverflow to launch a cloud-native card acquiring platform across European markets.
The collaboration integrates Deutsche Bank’s traditional banking services with Silverflow’s modern payment processing infrastructure.
The partnership addresses longstanding challenges in European merchant acquiring by combining established banking relationships with technology designed for rapid deployment.
Mastercard Sandbox Allows Experimentation into the ‘Art of the Possible’ for the UK National Payments Vision
Mastercard, Posted June 24, 2025
Picture the excitement of experimenting with cutting-edge payment technology, where developers can safely test new features and capabilities without impacting critical infrastructure. Twenty years ago, the UK blazed a trail in developing real-time payments, and today UK banks can reignite that advantage, by accessing Mastercard’s latest account-to-account switching technologies to innovate, test and refine the next generation of payment services, all within a trusted and secure environment.
Starting later this year, Mastercard will provide access to its fifth generation A2A instant payments technology via a sandbox. Offering an environment for UK banks and financial institutions to experiment, validate and collaborate across new ways to pay and modernize the UK’s A2A payment ecosystem using Mastercard’s innovative payment technology.
Finom raises $131.97m Series C to fuel pan-European SME banking expansion
IBS Intelligence, Posted June 23, 2025
Finom, a challenger bank based in Europe and specifically tailored for SMEs and freelancers, has announced a $131.97 million Series C funding round.
The round was led by AVP (formerly AXA Venture Partners), with participation from investor Headline Growth and General Catalyst, Northzone, and Cogito Capital.
This milestone follows a recent $ 105 million investment from General Catalyst’s Customer Value Fund, bringing Finom’s total capital raised to over $344.3 million. The financing will be used for the company’s ambitious roadmap for pan-European expansion, product innovation, and customer growth, reinforcing its position as the financial backbone for SMEs across the continent.
USA
Visa Instalments boost Ecommpay’s checkout offering
Fintech Global, Posted June 25, 2025
Ecommpay has partnered with Visa to integrate Visa Instalments into its global payment platform, enabling merchants to offer customers a flexible way to pay using their existing Visa credit cards.
This addition allows shoppers to split purchases into equal payments without needing to apply for new credit lines or leave the checkout page.
The new solution is designed to eliminate common friction points in high-value purchases. Since the instalment payments are linked to a customer’s existing credit line, additional credit checks are avoided. The process is seamless, with Visa informing the issuing bank and obtaining approval in real-time, streamlining the customer journey and improving conversion rates.
Amazon buys 3.95% stake in Egypt-based FinTech Valu
IBS Intelligence Posted June 24, 2025
Valu has secured a 3.95% equity investment from Amazon via the Egyptian Exchange, advancing FinTech innovation and financial inclusion in MENA.
Following regulatory approvals, Amazon will hold approximately 3.95% of Valu’s shares, formalising its exercise of an option agreement signed with EFG Holding in May 2022. The agreement initially involved a $10 million investment in global depository receipts (GDRs) of the EGX-listed EFG Holding, with the right to convert into a direct stake in Valu.
The transaction has been executed via a block trade mechanism during Valu’s inaugural trading session on the Egyptian Exchange (EGX), which was scheduled on 23 June 2025, at a share price of EGP 6.04.
LatAm
EBANX enables APLAZO’s BNPL payments in Mexico
EBANX, Posted June 25, 2025
As anticipated in April, EBANX and APLAZO, a Mexican fintech specializing in Buy Now, Pay Later (BNPL) solutions, announced a strategic alliance to strengthen the offering of flexible payments in Mexico. This collaboration enables international online merchants to offer their customers in Mexico accessible financing options. For the first time, APLAZO will be available for cross-border e-commerce purchases through EBANX’s payment platform. By combining alternative payments like APLAZO with local cards, global companies can reach over three times more Mexican consumers compared to relying solely on international acquirers, according to an EBANX analysis. This allows merchants to target an additional customer base of 72 million people in the country, according to Payments and Commerce Market Intelligence (PCMI).
Unlimit expands partnership with Visa in Mexico and adds card issuance to local offering
Unlimit, Posted June 24, 2025
Global fintech Unlimit has expanded its existing principal license with Visa in Mexico to include card issuance to the fintech’s local offering. The company will now be able to also work together with co-brand partners, whether a bank, retailer, or fintech, and provide them with a financial infrastructure enabling them to easily launch payment products across Latin America.
Unlimit’s co-brand solution will not only allow businesses to significantly reduce the time it takes to launch a white-label financial product, in comparison to existing market solutions, but will also simplify the integration process, thanks to its API-driven technology.
Belvo and Ualá join forms to provide credit to Mexicans through employment data
Belvo, Posted June 23, 2025
In a movement that promises to change the dynamics of credit in Mexico, Belvo, the leading Open Finance platform in Latin America, and Ualá, one of the main digital banks in the country, announced a strategic alliance that will use official labor data to speed up access to credit for millions of Mexicans who lack a traditional credit history.
This new collaboration arises in a context where financial inclusion still presents significant challenges. According to the National Financial Inclusion Survey (ENIF) 2024, recently published by INEGI, although 71.8% of the Mexican population has at least one formal financial product, a significant gap persists, especially in young segments and women, where the difference is 8.1 percentage points with respect to men.
