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App stack
Rival Indian payment services Paytm and PhonePe have added more financial services to gain share as India embraces digital services during the pandemic.
Paytm has added instant personal loans that can be accessed at all times, mostly aimed at small-business owners and salaried employees at those businesses with limited credit histories, reports
XRP drain
Cryptocurrency exchange Voyager Digital plans to suspend XRP trades, the latest signal of pressure on Ripple following an SEC's suit alleging Ripple's XRP should be regulated as a security.
The suspension is scheduled for Jan. 18, reports
'Click'
Omnichannel payment firm Qualpay has added a single click integration for merchants to add Google Pay.
Qualpay, which offers a payment gateway, merchant acquiring and processing, hopes to reach merchants and stores that are moving away from cash amid the pandemic.
Contactless mobile payments in particular have accelerated as a way to avoid contact with physical point of sale terminals.
Checkout page
Nets' Finnish payment unit Paytrail has reached an agreement to acquire Checkout Finland, OP Finacial's e-commerce unit. Terms of the deal, which is expected to close int the first half, were not disclosed
Checkout Finland has a client base of about 8,000 merchants and expects to report revenue of about $16 million in 2020, reports
Nets made a similar acquisition early in 2020, buying
From the web
REUTERS | Thursday, January 7, 2021
PayPal Holdings Inc's venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
TECHCRUNCH | Thursday, January 7, 2021
Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead using third-party technology to power these services. Today, one of the big players in providing that tech is announcing a large round of funding to expand its business, underscoring the growth in this market.
SYRACUSE.COM | Wednesday, January 6, 2020
Senate Minority Leader Chuck Schumer (D-N.Y.), poised to replace Mitch McConnell (R-Kentucky) as majority leader, says one of his first priorities will be $2,000 stimulus checks.
More from PaymentsSource
As the transport ticketing market evolves in the wake of the pandemic, further intensifying the challenges caused by the dominance of proprietary systems, it’s time to see a more open, collaborative public transport ecosystem, says Calypso Networks Association's Philippe Vappereau.
American Express has spent years refining a decision-making engine that can tailor products and services to cardholders' needs in real time.
Financial Software and Systems Technologies is advancing its payments footprint in Europe through a partnership with Strong Customer Authentication platform provider Okay.
Security firm Intezer Labs is warning consumers using cryptocurrency wallet apps that a new malware strain is attacking and draining those wallets of crypto assets.
In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.
After a record-breaking year for digital retail, brands need to accelerate their e-commerce offerings, keep the customer experience in mind and embrace the shift to digital retail by offering an omnichannel customer journey. Only then will they survive what’s in store for the future of e-commerce.
The Trump administration's cantankerous relationship with China has lasted the president's entire term, often shaking up the payments and financial services landscape. With a new executive order, Trump has announced bans on more than a half dozen software firms — including payment apps affiliated with Tencent and Alibaba/Ant Group.
Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.
WASHINGTON — National banks may use stablecoins and distributed-ledger technologies to process payments, the Office of the Comptroller of the Currency said.
Affirm Holdings, which provides installment loans to online shoppers, is seeking to raise up to $934.8 million in an initial public offering, signaling last year’s record listings run is carrying over to 2021.
