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POS/mPOS and online acquiring
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Payments software for businesses gets funding from VC arm of Indonesia’s largest bank

By  for TechInAsia

Indonesian startup Moka announced today it’s raised a $2m round of financing led by Mandiri Capital. Existing investors Convergence Ventures, East Ventures, Fenox, and Northstar Group also participated. (more…)

Deals, Fintech news, Indonesia, POS/mPOS and online acquiring

February 16, 2017

grab

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Grab is buying Indonesian payment firm Kudo in its first major acquisition

By  for TechCrunch

Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. (more…)

Deals, Fintech news, Indonesia, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring

February 14, 2017

Square launches dedicated point-of-sale app and service for retail merchants

By  for VentureBeat

Square has always wanted to be a part of the success of small businesses, but as a growing public company, it needs to develop products that will cater to bigger clients. Today, the commerce company announced it is launching dedicated tools for retailers to help manage inventory in multiple locations and across unlimited employees, all through the Square experience. (more…)

Fintech news, POS/mPOS and online acquiring, SME

February 8, 2017

Klarna agrees £60 million deal to acquire Wonga’s BillPay

By Finextra

Fast-growing Swedish payments startup Klarna has acquired Germany’s BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga. (more…)

Deals, Fintech news, p2p/online lending, POS/mPOS and online acquiring, SME

February 6, 2017

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Square to save sellers $350 in processing fees if they use Apple Pay

By  for VentureBeat

Square wants to encourage more usage of Apple Pay, and to do so, it’s cutting some of its fees. The cuts will save businesses up to $350 so they can process more than $12,000 in payments through the mobile payment technology — but only for a limited time. (more…)

Fintech news, Mobile payments/banking, POS/mPOS and online acquiring, SME

January 31, 2017

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‘Unified commerce’ can drive user payment experience and merchant sales

By Melissa Gonzalez for PaymentsSource

The payments ecosystem is vast and the complexity is only heightening, but with the right integration of hardware and software solutions providers can empower retailers to not only improve in-store experiences but enhance data collection and the ability to analyze customer behaviors.

(more…)

Analytics, Marketing Report, Mobile payments/banking, POS/mPOS and online acquiring, SME

January 29, 2017

izettle_6sept_001

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iZettle raises $63M more at a $500M valuation to expand from mobile payments

By  for TechCrunch

The world of mobile payments continues to consolidate and mature, and today one of the leading players among European mobile payments startups has raised a significant round of money to help keep itself on top. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

January 11, 2017

izettle_mobile_payments

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Mobile Payments: The Merchants Dilemma

By Arnab Sengupta for Finextra

Where we are today

Things have not really caught up since the launch of Apple Pay and the subsequent introduction of Samsung Pay in the market. (more…)

About, Analytics, Mobile payments/banking, POS/mPOS and online acquiring

December 27, 2016

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139

Fed’s debit pressure on Visa a welcome move for competition

By Lyle Beckwith for PaymentsSource

The Federal Reserve and Federal Trade Commission recently proved there is a cop on the beat ensuring that the debit reforms passed by Congress are followed. (more…)

Fintech news, Government activities, Payment systems, POS/mPOS and online acquiring

December 23, 2016

Appetize Raises over $20m in Funding

By FinSMEs

appetize

Appetize, a Playa Vista, California-based point-of-sale platform, raised over $20m in funding.

The round was led by Shamrock Capital Advisors with participation from Oak View Group and current investors. In conjunction with the funding, Andy Howard and Alan Resnikoff of Shamrock Partners joined Appetize’s board while Oak View Group’s Tim Leiweke will become a board observer. (more…)

Deals, Fintech news, POS/mPOS and online acquiring, SME

December 21, 2016

2016-in-review-footer-tech-year-in-review-across-asia

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6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

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153

Account takeover is EMV’s ‘silent’ risk

By Chris Pinion for PaymentsSource

I don’t think anyone anticipated the amount of account takeover (ATO) and new account fraud (often referred to as application fraud) that would occur in the wake of the EMV changeover.

(more…)

Analytics, Marketing Report, POS/mPOS and online acquiring, Security

December 17, 2016

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MasterCard to roll out pay-by-instalments in UK with Verifone

By Finextra

Mastercard today announced an important partnership with Verifone (NYSE: PAY), a global leader in payments and commerce solutions, to roll out a new instalment pay application at retailers across the UK. (more…)

Fintech news, POS/mPOS and online acquiring, SME

December 1, 2016

patrick-john-2

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Stripe now worth more than $9 billion after raising $150 million

The investment round, first reported by The Wall Street Journal, was led by CapitalG and General Catalyst, and also included participation from existing investors including Sequoia Capital. Facebook investor Peter Thiel and Tesla founder Elon Musk have also invested in Stripe in previous rounds. (more…)

Deals, Fintech news, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 26, 2016

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Singapore’s SoftPay Mobile Wins Vietnamese Talents Awards 2016

By

Singapore’s Mobile Point of Sale company, with its main operations in Vietnam, celebrates its win at the 2016 Vietnamese Talents Awards 2016 which honors leading innovations and inventions in IT. SoftPay Mobile’s MPOS service allows businesses to accept card payments anywhere and anytime. (more…)

Fintech news, POS/mPOS and online acquiring, Singapore, Vietnam

November 24, 2016

paytm-founder-vijay-shekhar-sharma

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Alibaba-backed Paytm solves the problem of card payments in India

By  for TechInAsia

Chew on this: 740 million debit or credit cards have been issued in India. Only 700,000 merchants accept card payments. And there are only 1.5 million card-swiping machines – point-of-sale (POS) terminals – in the country. (more…)

Cashless, eWallets, Fintech news, India, POS/mPOS and online acquiring

November 23, 2016

Portrait of a happy woman buying online with a smart phone outdoors

191

Visa slams European plans for stronger online transaction authentication rules

By Finextra

Visa has lashed out at European Banking Authority (EBA) plans to toughen up authentication rules for online transactions over EUR10, claiming that they will lead to more declined transactions, complicated checkouts and abandoned purchases. (more…)

Fintech news, Government activities, Mobile payments/banking, POS/mPOS and online acquiring, Security, SME

November 22, 2016

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Poor design and weak batteries are hurting mobile point of sale adoption

By Ben Wagner for PaymentsSource

A few years ago, there was considerable buzz in the retail industry about the enormous potential of mobile point of sale (mPOS) and its ability to transform the in-store customer experience.

(more…)

Analytics, POS/mPOS and online acquiring

November 17, 2016

works-with-stripe

351

Stripe launches Works With Stripe, a directory of apps that integrate with its payments

By  for TechCrunch

Stripe, the company that competes against the likes of PayPal by letting businesses add payment services into their apps and websites with a few lines of code, is today launching a new directory that plays into its bigger ambition to position itself as not just a payment tech startup, but a wider platform for business services. (more…)

eWallets, Fintech news, Mobile payments/banking, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 8, 2016

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Paysafe and ServiceMax target field service sector payments

By David Heun for PaymentsSource

Paysafe and ServiceMax have partnered to deliver online payment and mobile point of sale solutions to service providers that do a vast majority of their work in the field.

(more…)

Fintech news, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 8, 2016

home-us-dfd986c25dd2e21603efe220fb4825344d0fc27f4f8a1fbcfe773b98800ece17

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Square has provided more than $1 billion in loans to businesses

By  for VentureBeat

In Square’s ($SQ) third quarter earnings, one figure that stood out was the fact that the company, as of September, has provided more than $1 billion in loans to businesses through its Square Capital program. This comes two years after the program’s launch and matches the speed of competitor PayPal, which hit the $1 billion mark in 2015. (more…)

Fintech news, POS/mPOS and online acquiring, SME

November 6, 2016

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Payment companies that don’t share tech tools will fall behind

By Tony Ford for PaymentsSource

Even in the often-conservative financial industry, nearly every major player allows individual developers to access data streams and data sets. For example, Visa and MasterCard have dedicated developer sites where dozens of APIs can be accessed.

(more…)

About, Global trends, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

November 3, 2016

Flexiti Financial Raises $5M in Series A Funding

By FinSMEs

Flexiti Financial, a Toronto, ON, Canada-based provider of point-of-sale (POS) financing and payment technology for retailers, raised $5M in funding. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

November 2, 2016

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Square has provided more than $1 billion in loans to businesses

By  for VentureBeat

In Square’s ($SQ) third quarter earnings, one notable figure that stood out was the fact that the company, as of September, has provided more than $1 billion in loans to businesses through its Square Capital program. This effort comes two years after its launch and, by comparison, matches the speed of competitor PayPal, which hit the $1 billion mark in 2015. (more…)

Fintech news, POS/mPOS and online acquiring, SME

November 2, 2016

emv-chip-crop-600x338

186

ayThink Have patience. EMV’s bumpy merchant migration is worth it.

By PaymentsSource

One year after EMV implementation in the US market, we have only seen less than 35% merchant penetration. (more…)

Fintech news, POS/mPOS and online acquiring, Security

October 30, 2016

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IBM Pay brings Watson to wallets

By Tanaya Macheel for PaymentsSource

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant’s Watson Commerce unit. (more…)

eWallets, Fintech news, POS/mPOS and online acquiring

October 28, 2016

mpos

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Spire Payments enters Spanish mPOS market with EURO 6000

By Finextra

Spire Payments, one of the world’s leading Fintech payment solution providers, has again demonstrated its market leading mobile payments experience by working in collaboration with EURO 6000 to launch an innovative mPOS solution called ‘Pinpago’ in Spain. (more…)

Fintech news, POS/mPOS and online acquiring

October 27, 2016

Dream Payments Receives $1.5M Investment Award as Winner of VentureClash 2016

By FinSMEs

Dream Payments, a Toronto, Canada-based fintech cloud enabling payments across mobile devices and the Internet of Things, received an investment of $1.5m as the winner of VentureClash 2016. (more…)

Deals, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring, SME

October 27, 2016

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TruRating brings customer ratings to the POS

By Finextra

TruRating, a global new mass-market ratings system offering an alternative model to TripAdvisor and Yelp! by giving customers a voice when they pay, has this week launched in North America. (more…)

Fintech news, POS/mPOS and online acquiring

October 26, 2016

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Alipay targets Chinese tourists with US payment deals

By Business Times

[FRANKFURT] China’s Alipay is expanding its mobile payment app service into the United States through partnerships with payment processors First Data and Verifone, the latest deals in a global strategy to reach Chinese consumers travelling abroad. (more…)

China, eWallets, Fintech news, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring

October 25, 2016