Payments News

On The Web

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Companies

Alipay Sets Out Plan for Open Financial Services Platform

“Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030. “The plan marks a major milestone as Alipay continues to strengthen its positioning in China, evolving from a […]
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Companies

Ripple Reveals Global Fintech Expansion Strategy

“Ripple , a global leader in enterprise blockchain solutions for cross-border payments, is continuing its global expansion strategy. In the last month alone it has made two notable strategic moves to achieve this. We take a closer look.”
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Companies

Square Gets Conditional Approval for Industrial Loan Charter

“Square Inc. announced late Wednesday that it had received conditional approval from the Federal Deposit Insurance Corporation to conduct deposit insurance related to an Industrial Loan Company (ILC) banking charter. The company also received approval from the Utah Department of Financial Institutions for this purpose. The approval grants Square the ability to operate a bank, […]
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Companies

Visa Transaction Volumes Hurt As Coronavirus Crisis Deepens

“Visa Inc ( V.N ) said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter. “As countries have imposed social distancing, shelter-in-place or total lock-down orders, domestic spending, most notably in travel, restaurants, entertainment and […]
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Companies

Jack Dorsey creates $1B COVID-19 relief fund using Square equity

“Jack Dorsey announced in a series of tweets today that he is shifting $1 billion in his Square equity to create a fund dedicated to COVID-19 relief. The Twitter and Square CEO is calling the fund Start Small and posting a tally of disbursements and recipients in a public spreadsheet. Dorsey said in his announcement […]
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On The Wires

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Companies

TouchBistro Launches ‘Restaurant Recovery Navigator’ and New Products to Support Restaurateurs Through the COVID-19 Pandemic

“TouchBistro announced today the launch of its all-new Restaurant Recovery Navigator , a go-to source for information, insights, products, and one-on-one support to help restaurateurs navigate their business through the COVID-19 pandemic and prepare a path forward for the future. TouchBistro also launched its dedicated gift card offering, a new solution designed to help restaurateurs […]
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Companies

Marqeta Announces First Australian Transactions

“Australia is the first Asia-Pacific market that Marqeta has entered, following its announcement last October that it is certified to process payments in 10 countries across APAC in partnership with Visa. Marqeta’s first live Australian transactions took place in early January.”
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