Payments News

On The Web

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Domains

Karachi based Fintech Safepay Plans to Become “the Stripe of Pakistan” after Receiving Support from Y Combinator

“Pakistani Fintech firm Safepay recently received an investment from Y Combinator and it’s now planning to become “the Stripe of Pakistan.” Karachi-headquartered Safepay has notably become the first Pakistani Fintech to complete Y Combinator’s program for startups. The company was reportedly a part of YC’s S20 batch and recently graduated. It has also secured $150,000 in capital.”
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Domains

ING and Albert Heijn to pilot online payments service that tokenizes customers’ bank account details

“Dutch bank ING and supermarket giant Albert Heijn are to pilot a tokenized payments service which enables customers to pay for online purchases from their bank accounts without needing to provide retailers with account credentials. “The tokenization process replaces sensitive data (a customer’s bank details) with non-sensitive data (a string of random numbers known as […]
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Domains

Wix Could Light Up Again With Payments

“Wix.com helps small businesses get online, and it’s also increasingly helping them with payments. That puts it right in Wall Street’s happy place. Investors are crazy right now for digital payments. But they are also still coming to grips with what exactly is a payments company. There are the established payments giants, like Visa or […]
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Deals

Turning Software Companies Into Payments Companies: Finix Adds $30M To Series B

“Finix continues to have a good year. Six months after announcing an initial $45 million Series B , the payments infrastructure company is coming back with a $30 million extension to close a $75 million round. Founded in 2016, San Francisco-based Finix has developed a payment processing infrastructure-as-a-service platform allowing startups to bring their e-commerce payments infrastructure in-house.”
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Domains

NIFT signs MoU with Checkout.com for int’l payment methods

“NIFT and Checkout.com sign a Memorandum of Understanding (MoU) for collaboration between both entities, bringing greater payment optionality to the Pakistan market. The agreement enables both organisations to provide payment services through each other’s infrastructure, pursue commercial opportunities as a partnership. This strives towards a borderless experience for business and consumers alike, promoting digital payments […]
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Deals

Cannabis e-commerce startup Dutchie raises $35M from Howard Schultz, Snoop Dogg, Kevin Durant

“Dutchie, the Bend, Ore.-based creators of an e-commerce platform that helps cannabis dispensaries facilitate online orders, has raised $35 million in new funding, with backing from the likes of former Starbucks Chairman Howard Schultz and hip-hop star Snoop Dogg. With its software and marketplace solutions, Dutchie says it processes 10% of all legal cannabis sales […]

On The Wires

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Companies

Walmart Introduces Walmart+

“Walmart is launching a new membership program that brings together in-store and online benefits to save customers money and time like no other retailer can: Walmart+. Walmart+ uses the company’s unique assets to make life easier for busy families. Along with the power of its online presence, Walmart+ has the reach of more than 4,700 […]
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Companies

Making It Easier to Shop and Sell on Our Apps

“Today we’re introducing Facebook Shop, a new place to discover businesses and shop for products in the Facebook app. Facebook Shop makes it easy for people to find products from businesses they love, discover new ones and make purchases, all in one place. We just started testing this in the US and we launched a […]
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Domains

PassTime® and PayNearMe Form Strategic Partnership

“PassTime®, a leading provider of GPS Solutions, announced today it has partnered with PayNearMe, an innovative payment processing platform allowing businesses to offer multiple payment options for their customers, to provide an integrated payment solution. The partnership combines PayNearMe’s modern and reliable payment platform known for making payments easy for businesses and customers with industry-leading […]