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This Week in Apps is the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

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Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown. The Payments …

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SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses…

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Daily Crunch: One week after expanding internationally, Dukaan says it has onboarded 1,000+ DTC brands

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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PayPal expands its ‘pay later’ options with a more flexible ‘PayPal Pay Monthly’ service

After Apple shook up the Buy Now, Pay Later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now, pay later product to follow the 2020 launch of its “Pay in 4″ installment program. The new offering, PayPal Pay Monthl…

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Apple enters the BNPL market as regulation, competition intensify

How will all of these BNPL-focused providers fare with Apple pounding its way into their market?

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PayPal is finally allowing users to move their cryptocurrency to other wallets

PayPal announced today that its users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges.

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Visa and Kenya’s Safaricom launch virtual card to support global digital payments via M-Pesa

The virtual card follows a 2020 Visa and Kenya's Safaricom deal to develop products to support digital payments for users of M-Pesa, the mobile money service.

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Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, over 15,000 tech workers have lost their jobs this month. Hopefully the sun will come out in June. A number of tech companies that enjoyed pandemic-related surges are fa…

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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