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[List] BoG releases approved e-money issuers, payment service providers
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Airtel Africa explores listing mobile money business in four years
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Dive Brief:
Stripe raised $600 million in its latest round of fundraising, giving the payments processing software company a $95 billion valuation, it said in a Sunday press release. That makes Stripe, with dual headquarters in San Francisco and Dublin, Ireland, the most valuable company ever to emerge from Silicon Valley, the Financial Times reported.
The company, which has not publicly discussed when it might file for an IPO, said it will use the latest capital injection to expand its already significant European operations, particularly its Dublin headquarters. Stripe hasn t disclosed financial statements, but said in the release it now has 50 corporate clients that each process more than $1 billion annually.
Dive Brief:
A new report from Finaria, a finance and investment company, estimates that the mobile wallet industry will grow to $2.4 trillion this year, a 24% increase from last year. The report forecasts that the market will grow to $3.5 trillion in value by 2023.
The average value for mobile point-of-sale transactions is $1,670 in 2021, a 25% bump compared to 2019. Over the next two years, the average transaction value is expected to grow by 22% to $2,051, per the report.
Though Asian countries, especially China, are leading the way in mobile payments, the U.S. mobile payments market is the second-largest at $465.1 billion worth of transactions. The U.S. market is slated to grow by 49% to $698 billion in 2023, according to the report.
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