Payments News

On The Web

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Companies

PayPal Coming to Bangladesh Soon

“After much speculation and several false starts, popular online payment system PayPal is said to be launched in Bangladesh by December, at the end of this year. Salman F Rahman, private industry and investment adviser to the prime minister, mentioned this to reporters during his visit to a Walton factory at Chandra in Gazipur on […]
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Companies

Mastercard Wants to Discontinue Maestro

“Worldwide, 400 million Maestro cards by the brand that Mastercard introduced thirty years ago are in circulation. Nevertheless, the successful card will soon be replaced by a new debit card under the Mastercard brand. The main reason is the rise of e-commerce.  According to Henri Dewaerheijd, country manager Belgium and Luxembourg, Mastercard and Maestro have […]
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Providers

Buy now/pay later ‘is not a threat’ to credit cards: Amex CEO

“American Express is aggressively pursuing younger consumers, but unlike many of its rivals , it is not making point-of-sale installment lending and cryptocurrency a focal point of this effort. “Buy now/pay later is not really a competitive threat to us,” Steve Squeri, Amex’s chairman and CEO, said during Friday’s earnings call. “It’s targeted at debit […]
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Deals

Stripe Backs India’s Clear in $75 Million Funding

“Stripe has made its second investment in India, just days after disclosing the first . One of the world’s most valuable startups has backed Bangalore-based SaaS fintech firm Clear, the two said Sunday evening. The 10-year-old Indian startup, formerly known as ClearTax , said it has raised $75 million in its Series C funding.”

On The Wires

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Systems

Mastercard and Bakkt Partner to Offer Innovative Crypto and Loyalty Solutions

“Today at Money20/20, Mastercard (NYSE: MA) and Bakkt (NYSE: BKKT) announced a multifaceted partnership to make it easier for merchants, banks and fintechs in the U.S. to embrace and offer a broad set of cryptocurrency solutions and services. Consumers, in turn, will experience expanded access to the digital asset ecosystem. Bakkt extends Mastercard’s ecosystem of […]
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Providers

Alliance Data’s Bread, Sezzle Announce Strategic Partnership

“Alliance Data Systems Corporation (NYSE: ADS ), a leading global provider of data-driven marketing, loyalty and payment solutions and Sezzle Inc. (ASX: SZL), a top-rated, purpose-driven buy now, pay later (BNPL) solution, today announced that Alliance Data’s Bread business will offer its pay-over-time installment loan product through Sezzle’s merchant network. Through the integrated partnership, Sezzle will […]
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Domains

Payfare, Wise to Bring First International Money Transfer Capabilities to the North American Gig Workforce

“Payfare (TSX: PAY) and Wise (LSE: WISE), the global technology company building the best way to move money around the world, today announced plans to bring fast, low-fee and secure international money transfer capabilities to Payfare’s digital banking app in 2022. The partnership will bring together the leading instant payout and digital banking solution for contract workers, […]
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Industry

Discover Global Network Study Finds Nearly Half of Global Consumers Are More Comfortable Making Digital Payments As a Result of COVID-19

“A new research paper by 451 Research, a part of S&P Global Market Intelligence, and commissioned by Discover® Global Network found digital payment services and financial technology partnerships are reshaping the way in which consumers around the world send, spend and store their money. The findings come as the payments industry converges on Las Vegas for […]