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For an economy as developed and advanced as Japan's, cash is surprisingly still its most widely used payment instrument. Japanese consumers remain averse to mobile payments, and are even hesitant to use payment cards.

The technology from FIS hopes to be a crucial part of Australia-based Volt's overall platform. It will provide a highly scalable, cost-effective platform to serve customers.

Payments platform FreedomPay and Vista Technology Services (Vista) have entered into a global technology project and support partnership

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The PayPal investment in Tink will give it access to Tink's account aggregation technology. Furthermore, this will allow PayPal to significantly improve the produce experiences it offers to customers in Europe.