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Payments News

On The Web

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Domains

Kenyan Banks Rattled As Mobile Payment Platforms Surge in 2020

January 21 2021

“The Kenyan banking industry has reportedly lost around $11 million in revenue from card payments to telco mobile platforms in the last nine months With the coronavirus pandemic still ongoing, bringing with it a host of economic struggles, Kenya’s banks are feeling the strain. But this is not just a matter of fewer transactions taking […]
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Domains

PayByCar Comes to 30 Massachusetts Gas Stations

January 20 2021

“PayByCar, Inc., an innovative provider of transactional vehicle payment solutions, has announced the implementation of their services at all 30 Alltown gas stations in Massachusetts, where customers will be able to pay for gas and other goods directly from their mobile device, without ever having to take out cash, a credit card, or mobile app. […]
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Companies

WeChat Advances E-commerce Goals With $250B in Transactions

January 20 2021

“WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more.”
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Domains

Expensify in Talks With SPACs About a Potential Merger

January 20 2021

“Expensify, a startup that sells expense management software, has been in talks with special purpose acquisition companies about a possible merger to take it public, say two people familiar with the discussions. The 13-year-old software company is also considering a direct listing with an accompanying capital raising, said one of the people.”
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Deals

Warburg-Backed Vietnam E-Wallet Raises $100 Million

January 15 2021

“Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, according to two people familiar with the investment. The company, M-Service JSC, creator of MoMo, confirmed that it raised money from investors without specifying how much.”
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On The Wires

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Domains

MoneyGram Expands Real-Time Digital P2P Payments With Visa Direct Through New Checkout.com Partnership

January 22 2021

“MoneyGram International, Inc. (NASDAQ: MGI ), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a leading global payment solution provider, utilizing Visa Direct, Visa’s real-time push payments platform. MoneyGram customers can now use the […]
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Domains

bKash and Mobile Money Connect Through RippleNet to Power Wallet-to-Wallet Remittances

January 15 2021

“Ripple, the enterprise blockchain solution for global payments, today announced a partnership with Mobile Money, a Malaysian mobile wallet company. Through RippleNet, Ripple’s global payments network, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS) which serves over 45 million users. The partnership will power seamless wallet-to-wallet payments to serve […]
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Deals

Billtrust and South Mountain Merger Corp. Announce Closing of Business Combination

January 13 2021

“BTRS Holdings Inc. (“Billtrust”), a B2B accounts receivable automation and integrated B2B payments leader, and South Mountain Merger Corp. (“South Mountain”), a special purpose acquisition company, announced today the completion of their previously announced business combination. The business combination was approved by South Mountain’s stockholders on January 12, 2021.”