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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

179

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

147

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

160

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

123

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

112

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

147

Ant Financial Offers Face Scan Service For Package Pickup In China

(more…)

Global trends, Hotnews, Payment processors/providers/gateways

September 18, 2017

122

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

190

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

309

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

510

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

192

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

161

335

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

348

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

335

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

581

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

467

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

374

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

368

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

313

Omise acquires online payment business Paysbuy from Thai operator Dtac

By Jon Russel for techCrunch

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. (more…)

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

July 6, 2017

309

Payoneer opens London office

By Payoneer,

Payoneer, a leading cross-border payments company transforming the way businesses send and receive funds globally, officially unveiled a new office today in London. (more…)

Global trends, Payment processors/providers/gateways

June 21, 2017

401

WePay And The Evolution Of Payments

By PYMNTS

It was not a terribly long time ago that many very familiar companies were understood and defined, well, very familiarly, WePay Co-Founder Rich Aberman told Karen Webster in a recent conversation. Apple was a hardware company, Microsoft was a productivity software platform, Amazon was an eCommerce retailer selling books and Google was a search platform. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

375

PayPal small business financing scheme advances £400 million in working capital

By PayPal

Today PayPal revealed its small business financing scheme has provided more than £400 million to British small businesses. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

340

Klarna granted full banking licence

By Klarna,

Klarna is proud to announce that it has been granted a full banking licence by Finansinspektionen, the Swedish Financial Supervisory Authority. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

June 20, 2017

TAS and WealthInvest agree payments partnership

By WealthInvest

Today WealthIntel and TAS Group (“TAS”) announced their execution of a Letter of Intent to join in the development of W$T’s proprietary payment platform and TAS becoming strategic partner of W$T in card solutions and payment systems. (more…)

Hotnews, Payment processors/providers/gateways

June 15, 2017

Fiserv to Acquire Monitise for $89 Million

By Julie Muhn for Finovate

Financial services company Fiserv has agreed to acquire U.K.-based Monitise for 2.9 pence per share, which equates to $89 million. (more…)

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

June 14, 2017

322

First Data to acquire CardConnect for $750 million

First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. (more…)

Deals, Payment processors/providers/gateways

June 1, 2017

479

Worldpay creates VR payments prototype

Worldpay is experimenting with the use of virtual reality to provide genuine card transactions for users immersed in a computer-generated environment. (more…)

Hotnews, Payment processors/providers/gateways, Payment systems

May 26, 2017

349

Russia’s Sberbank accepts JCB payment cards

By JCB International

JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the signing of a license agreement with Sberbank of Russia, the largest bank in Russia, the Commonwealth of Independent States (CIS) and Central and Eastern Europe. (more…)

Credit/Debit/Prepaid cards, Fintech news, Payment processors/providers/gateways

May 22, 2017