April 20, 2021 at 09:28PM

In today’s top payments news around the world, Alan has raised $220 million in a funding round, while Stripe has launched its Stripe Issuing offering in 20 European nations. Plus, Octopus is introducing transit cards for mass transit in China.

French Super App Startup Alan Nets $220 Million on $1.67 Billion Valuation

French upstart Alan has landed $220 million in a funding round and has attained a valuation of $1.67 billion. The new infusion will help Alan build on its central offering, which is healthcare, alongside ite other functionalities that allow users to access a number of services. Alan’s funding comes as the healthcare sector has been experiencing more innovation as of late.

Stripe Launches Issuing Service in 20 European Countries

Stripe, the payments processing company, has rolled out Stripe Issuing in 20 European nations. The offering, which is available in countries such as Ireland, France and Austria, allows users to “create, manage and distribute virtual and physical payment cards, giving businesses more control over how they spend their money,” according to a news release from the company.

Hong Kong’s Octopus Introduces Contactless Cards for Chinese Transit

Octopus, a smart card operator in Hong Kong, is debuting transit cards for those who use mass transit in over 300 Chinese cities, according to a published report in local media. Octopus transit card users will be able to make payments for mass transit on ferries, rails and buses in mainland China by the conclusion of this year or early next year.

BNPL Startup Zilch Valued at $500 Million Ahead of US Launch

British buy now, pay later (BNPL) upstart Zilch has notched $80 million in funding, bringing its value to over half a billion dollars as it gets ready to grow to the United States. M&F Fund, Gauss Ventures and others provided the infusion, according to a published report. The news comes as the BNPL concept has proven very popular recently.

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