Passport Secures $90 Million in Funding and other Digital Transactions News briefs from 5/21/21
Digital Transactions News staff
May 21, 2021
Acquiring, Competitive Strategies, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
- Passport Labs Inc., a parking-app developer, reported it has received $90 million in growth capital from Sixth Street Growth.
- Mastercard Inc. announced a line of prepaid cards that allows users to contribute to wildlife preservation. The program allocates $1 for each card purchased to Conservation International.
- Banking-software provider Temenos says money-transfer firm Wise joined the Temenos Marketplace, a service that helps Temenos clients find compatible third-party services.
- The global payment processing market is forecasted to grow at a 9.28% compound annual growth rate between 2021 and 2025, according to a new report from SpendEdge, a research firm.
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