Payments News

On The Web

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Companies

Paytm Rolls Out All-in-One Payment Device

“Paytm, India’s leading digital payments player, unveiled new products to target businesses and ward off rising competition from Google Pay, Walmart Inc.-owned PhonePe and Amazon Pay. Paytm introduced a stand that displays QR check-out codes that comes with a calculator and USB charger, a so-called sound box that provides voice confirmations of transactions, cloud software […]
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Companies

Does Starbucks Want to Be Your Bank? | The Motley Fool

“A group of Korean bankers are worried that Starbucks will indeed launch into financial services in a few years, according to a recent report from The Korea Times. They cite the cash that the coffee chain has brought in as the main reason for their competitive concerns. Industry experts believe Starbucks could get involved in […]
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Companies

Apple Pay Is on Pace to Account for 10% of All Global Card Transactions

“Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by […]
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Companies

Payoneer Opens Dublin Hub for European Payments As Brexit Looms

“Payoneer, a New York-based fintech, has obtained an e-money license from the Central Bank of Ireland and has opened a hub office in Dublin office to prepare for the post-Brexit environment. The split will require some separation of its U.K. offices to manage its European business, according to a company press release.”
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Companies

The Future Of Payments: Fintech 50 2020

“Payments companies continue to be some of the most highly valued businesses in fintech. They had notable exits in 2019, including Visa’s pending $5.3 billion acquisition of Plaid and the IPO of Bill.com , a $4 billion (market value) business-to-business payment processor that has doubled in value since it went public in December 2019. Last […]

On The Wires

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Companies

‘Dine and Dash’ Redefined With New Clover Scan to Pay Feature

“Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover® platform from Fiserv, Inc.  With Scan to Pay, guests use their iPhone camera to scan a Clover-generated QR code at the bottom of their receipt to pay their restaurant […]
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Companies

Klarna Acquires the Italian `Buy Now, Pay Later’ Startup Moneymour

“Klarna, one of the world’s leading smooth shopping and payment providers, today announced an agreement to acquire Moneymour, an Italian payment company, from the founders and minority investors. Through the acquisition Klarna gains access to intellectual property to further improve underwriting capabilities, and additional expertise and competence, as the full Moneymour team will join Klarna. […]