Payments News

On The Web

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Deals

PayPal to Invest $750M, and Dragoneer $100M Into MercadoLibre, Argentina’s E-commerce Powerhouse

“It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of a $1.8 billion equity […]
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Deals

Mastercard Drops Bid for UK’s Earthport

“Mastercard Inc said on Friday its offer window to buy payments firm Earthport Plc had lapsed, which potentially clears the way for rival Visa Inc to make a bid for the British company. Earthport, which offers a lower-cost option to traditional payments systems, has been at the heart of a bidding battle between Mastercard and Visa […]
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Deals

Sea is Raising up to $1.5B for its Shopee E-commerce Business in Southeast Asia

“Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary Shares (ADS) at a price of $22.50 each. That could raise $1.35 billion, but that number could increase by a further $202 million if underwriters take up the full allotment of 9 million additional shares that are open to them. If that […]
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Companies

FIS Is Buying Worldpay for $43 Billion to Form Payments Giant

“The new entity, which will have annual revenue of more than $12 billion, will be better placed to serve the world’s growing e-commerce industry, the two US companies said in a statement Monday. FIS is offering Worldpay shareholders a mix of cash and stock to make the deal happen. It will assume Worldpay’s debt as part […]
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Deals

Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud

“The Ethoca suite of products adds to Mastercard’s commitment to drive greater protection in the digital space, integrating with its robust suite of fraud management and security products. Today, the Ethoca network brings together more than 5,000 merchants and 4,000 financial institutions around the world. When a fraudulent transaction is identified, near real-time information is […]
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Deals

Money Keeps Flowing to Fintechs

“Fintech funding reached a record high of $11.9 billion in 2018, and startups have continued to attract millions in investments from venture capital firms, private-equity players and banks this year. The online challenger bank Chime announced a $200 million funding round at the beginning of March, the largest ever for a savings and lending fintech. […]
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Deals

Safaricom, Alibaba Unit Agree Mobile-Payments Partnership

“Safaricom Plc, Kenya’s biggest mobile operator, agreed a partnership with a unit of Alibaba Group Holdings Ltd. that will facilitate electronic payments. The deal extends Safaricom customers’ ability to use its mobile-money service, known as M-Pesa, outside Kenya as the company looks to establish the system as a global platform. The firm has existing agreements […]

On The Wires

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Deals

InComm Expands Into Lottery Industry With Linq3 Technologies Acquisition

“Atlanta-based Linq3 was founded in 2007 with the vision to transform the lottery industry with smart systems integrations, intuitive technologies, and innovative consumer products. The company has since launched several revolutionary lottery products that leverage consumer interaction at retailers’ point of sales systems.”
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Deals

Bluefin and Cardknox Partner to Provide Secure, PCI-Validated Point-to-Point Encryption (P2PE) Through the Cardknox Payment Gateway

“Bluefin, the leading provider of payment security technologies and PCI-validated point-to-point encryption (P2PE) solutions for retail, hospitality, healthcare, and higher education today announced its partnership with Cardknox. Through this partnership, users of the Cardknox omni-channel payment gateway will benefit from Bluefin’s PCI-validated P2PE solution.”