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147

Payoneer banks investment from China Broadband Capital

By Payoneer

Payoneer, an innovative digital payments company transforming the way businesses send and receive cross-border payments, announced today that China Broadband Capital (CBC), one of China’s leading investment funds, has made an investment in the company. (more…)

Deals, Hotnews, Payment processors/providers/gateways

December 6, 2017

146

Affirm Said To Eye $150M Capital Raise On $1.5B Valuation

Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

December 6, 2017

191

Grab raids Paytm for new CTO

By Grab

Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has appointed Vikas Agrawal as Chief Technology Officer (CTO) for GrabPay, its mobile payments platform. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

November 23, 2017

You can now send PayPal invoices through Facebook Messenger

PayPal users selling their old Lego bricks can now create and send invoices within Facebook Messenger. (more…)

Fintech news, Global trends, Payment processors/providers/gateways

November 22, 2017

161

PayPal sells US consumer loans to Synchrony Financial

By Paypal

PayPal Holdings, Inc. (NASDAQ: PYPL) and Synchrony Financial (NYSE: SYF) today announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways

November 18, 2017

Square Now Letting Some Users Buy & Sell Bitcoin Through Cash Mobile App

Financial service company Square is reportedly now testing out bitcoin on some of its Cash mobile app users. The new feature will allow users to buy and sell the cryptocurrency through the app.  (more…)

Fintech news, Global trends, Payment processors/providers/gateways

November 16, 2017

198

Klarna and PPRO team up for credit payments in Europe

PPRO Group, the leading cross-border e-payment specialists and Klarna, one of Europe’s largest banks, will partner to enable Payment Service Providers (PSPs) to offer credit-based payments through PPRO’s payment hub to European merchants, risk-free. (more…)

Global trends, Payment processors/providers/gateways

November 16, 2017

Singaporean payments startup shifts to business clients with $1m fundraise

Singaporean startup iPaymy has raised US$1 million in a seed round led by Beenext and Digital Garage’s investment arm, DG Incubation. (more…)

InspirAsia, Payment processors/providers/gateways

November 16, 2017

186

PayPal launches Money Pools feature

PayPal has launched a new feature that lets people club together to track and share the costs of spending on group activities or personal goals. (more…)

Hotnews, Payment processors/providers/gateways

November 13, 2017

210

Stripe joins $93 million investment into U.K. banking startup Monzo

Monzo, a U.K.-based startup building a mobile-first banking service, has raised £71 million ($93 million) in a round of funding from Stripe, Goodwater Capital, Sequoia’s Michael Moritz, Passion Capital, Thrive Capital, and Orange Digital Ventures. (more…)

Hotnews, Mobile-first banks, Payment processors/providers/gateways

November 7, 2017

371

PayPal Partners with Kiva on Loans for Entrepreneurs

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans to entrepreneurs around the world. This year, PayPal would like to see that number climb higher. (more…)

Hotnews, p2p/online lending, Payment processors/providers/gateways

October 18, 2017

293

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

October 11, 2017

223

Choosing the most effective payment methods for online casinos

Over the past five years or so, online casinos have become little less than a global phenomenon. While the UK is very much seen as the “home” of the sector, there are new online casinos appearing across Europe almost every day. Interestingly, the global nature of the industry does not stop there, however. (more…)

Payment processors/providers/gateways

October 6, 2017

275

Adyen rolls out Alipay in stores worldwide

By Adyen

Adyen, the payments platform of choice for the world’s leading companies, today expanded its partnership with the world’s largest third-party mobile and online payment platform, Alipay, to enable retailers worldwide to easily accept non-cash payments from Chinese customers in store. (more…)

Hotnews, Payment processors/providers/gateways

October 5, 2017

209

GoCardless, a fintech that makes recurring payments easy for subscription businesses, raises $22.5M

By Steve O’Hear for Techcrunch

Well, GoCardless co-founder and CEO Hiroki Takeuchi knows how to work a non-denial denial. When I interviewed him a few weeks ago for an extensive profile piece we ran yesterday, he wouldn’t be drawn on if the hot London fintech was raising a new round. Today — and a little earlier than was planned, thanks to an embargo broken by a London regional paper a week early! — the company is announcing new funding. (more…)

Payment processors/providers/gateways

September 20, 2017

197

Jewel Paymentech Puts Banks On Par With FinTechs

There’s one thing banks and FinTechs can agree on: Those old-fashioned merchant onboarding processes take way too long. But nimble FinTechs have been able to move much faster to address that compared to their lumbering legacy competitors, and that has often left traditional banks to watch as merchants turned to the FinTechs instead. (more…)

Banks, Global trends, Payment processors/providers/gateways

September 20, 2017

222

Ant Financial Offers Face Scan Service For Package Pickup In China

(more…)

Global trends, Hotnews, Payment processors/providers/gateways

September 18, 2017

168

GoCardless CEO: ‘I still feel like I’m the same person’

By Steve O’Hear for Techcrunch

“Every so often I get like the odd sort of flashback where it jolts me a little bit, but it’s only ever a snippet, that fraction of a second before I actually hit the car. I don’t really remember much about the actual accident”. (more…)

Interviews, Payment processors/providers/gateways

September 18, 2017

299

Satispay Raises Over €18 Million in Its Third Funding Round

By LTP

  • Record-breaking figure for Satispay’s fundraising
  • The third funding round has closed at over €18 million
  • The new capital increase brings the total funding to over €26.8 million
  • Among the subscribers: new important institutional and industrial partners

Milan, September 7, 2017 – Satispay is a young company from Italy that is contributing to the e-payment revolution with a mobile payment system that is independent and alternative to traditional networks. With an initial target of €12 million, Satispay has officially closed its third round of funding having reached €18.3 million, a record high for the Italian market. To date, Satispay has thus raised a total of €26.8 million, and the company’s post money valuation currently lies at approximately €66 million. (more…)

Hotnews, Payment processors/providers/gateways

September 15, 2017

405

Square applies for bank status

Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs). (more…)

Global trends, Hotnews, Mobile payments/banking, Payment processors/providers/gateways, POS/mPOS and online acquiring

September 8, 2017

605

Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China

By Jon Russel for TechCrunch

China is streets ahead when it comes to digital payments. The latest leap is facial recognition technology that allows a customer to pay by literally flashing a smile. (more…)

eWallets, Hotnews, InspirAsia, Payment processors/providers/gateways

September 4, 2017

241

PayPal launches its first cash back credit card to boost PayPal usage in stores

By Sarah Perez for TechCrunch

PayPal is today launching a new credit card, the PayPal Cashback MasterCard – its first card to offer shoppers direct cash back on purchases, instead of points that vary by category. The card, introduced in partnership with Synchrony Financial, will offer 2 percent back on purchases, with no annual fee, no minimum redemption amount, no restrictions on how to spend cash rewards, and no expiration, the company says. (more…)

eWallets, Global trends, Hotnews, Payment processors/providers/gateways

August 31, 2017

223

425

Alipay connects with Yelp

By Yelp

Alipay, one of the world’s leading digital payment platforms, and Yelp Inc., the company that connects consumers with great local businesses, have partnered to bring Yelp’s local content to millions of Chinese travelers directly within Alipay’s mobile lifestyle app. (more…)

Hotnews, InspirAsia, Payment processors/providers/gateways

August 17, 2017

444

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. (more…)

Deals, Global trends, Payment processors/providers/gateways

August 17, 2017

418

PayPal acquires Swift Financial to expand its working capital program for small businesses

By Paul Sawers for VB

PayPal has announced plans to acquire Swift Financial, a company that provides cash advances and loans to small U.S. businesses. Terms of the deal were not disclosed. (more…)

Banks, eWallets, Payment processors/providers/gateways

August 10, 2017

708

Millennials and mobile banking – the perfect match?

By Louis Peake – Compass Plus

For quite some time now, millennials have been the primary target market for a vast majority of industries. (more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

August 9, 2017

525

Wirecard Partners with WeChat Pay to Allow European Retailers Access to 938 Million Users

Wirecard has announced an agreement with Tencent’s WeChat Pay, one of the leading mobile payment solutions in China. WeChat or Weixin are deeply integrated into Chinese people’s daily life with a combined monthly active users of over 938 million. The mobile payment solution, WeChat Pay, has over 600 million active users, that equivalent to nearly 40 percent market share of Chinese mobile payment market. Wirecard said it aims to unlock this attractive market to European retailers. (more…)

Payment processors/providers/gateways

July 11, 2017

488

IZettle eyes IPO

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO. (more…)

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

July 10, 2017

478

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017