Payments News

On The Web

nbsp; nbsp;

Companies

PayPal to Buy Online Returns Start-up in Its Latest Run at the Retail Shopping Space

“PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed amount. The 120-person Santa Monica-based company lets people return things they bought online, in person…The acquisition will help […]
nbsp;

Deals

Stampli Raises $50 Million in Series C to Help Companies Intelligently Manage Invoices

“This morning Stampli , a software platform that optimizes corporate invoice management, announced a $50 million Series C financing round, led by Insight Partners with participation from Signalfire and Nextworld Capital. The company launched in 2015 with the goal of simplifying the process of invoice management. Why is that needed? Services and software are purchased […]
nbsp;

Domains

Hong Kong Looks to Expand Cross-Border Tests of Digital Yuan

“Hong Kong is in talks with China to expand cross-border testing of the digital yuan after the first phase proceeded smoothly, another step toward wider adoption of the currency. The Hong Kong Monetary Authority recently conducted tests with the Digital Currency Institute of the People’s Bank of China, involving a bank designated by the mainland […]
nbsp;

Deals

German Payments Software Firm Serrala Put up for Sale -sources

“German payments software firm Serrala has been put up for sale as its private equity owner Waterland hopes to benefit from high sector valuations, people close to the matter said…Payment technology firms have seen a surge in business as people switch to digital transactions, raising their values…The fintech company makes software that manages all inbound […]
nbsp;

Domains

TikTok Begins Testing In-App Shopping to Challenge Facebook

“ByteDance Ltd. ’s TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping. The popular video app is hoping to replicate abroad the success of its Chinese-only cousin Douyin, […]

On The Wires

nbsp;

Domains

Bolt Launches Bolt SSO Commerce™: Redefining the Login Layer for Commerce to End Guest Checkout

“Bolt , the leading checkout experience platform, today announced the launch of Bolt SSO Commerce™, the first single sign-on checkout experience that helps retailers engage directly with their customers by turning anonymous, guest shoppers into logged-in account holders whose insights and feedback brands can use to offer more personalized shopping experiences…With Bolt SSO Commerce, a […]
nbsp;

Domains

Paymode-X Expands Network With Billtrust’s Business Payments Network

“Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced today that Bottomline Technologies (NASDAQ: EPAY), a leading financial technology provider, will connect its Paymode-X payers to new card acceptance endpoints via Billtrust’s Business Payments Network (BPN). Bottomline customers are now able to use BPN’s connected platform of suppliers to quickly and […]
nbsp; nbsp;

Deals

Remitly Receives Investment From Visa to Help Accelerate Expansion of Cross-Border Money Transfer Network in Emerging Markets

“Remitly , the mobile-first provider of remittances and financial services for immigrants, today announced new funding from Visa, a world leader in digital payments. On the heels of a meaningful year for Remitly, Visa has made an equity investment in the digital provider, showcasing confidence in the quality and continuity of Remitly’s vision to provide […]