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NomuPay raises $53.6m in new funding

Ireland based payments business formed from the pieces of Wirecard raised $53.6m in new funding led by Finch Capital.

“While card schemes have created ubiquity, it’s hard to expand globally. For example, if I go to Turkey, I still need to open a merchant account and work with another acquirer and pay local rates and local fees. The issue globally is that cross border acceptance rates are still very poor.”

Tags

payments, cross border