Leading payment facilitator PayPal announced last week that it plans to acquire Swift Financial, which provides working capital to businesses through both loans and advances on future revenue.

As we’ve noted previously, many small businesses are turning to payment facilitators for their capital needs. And PFs are seeing this business as one opportunity to expand the ways they serve their merchant clients’ business needs, in an integrated environment that includes payment processing.

Leading payment facilitator PayPal announced last week that it plans to acquire Swift Financial, which provides working capital to businesses through both loans and advances on future revenue. As we’ve noted previously, many small businesses are turning to payment facilitators for their capital needs. And PFs are seeing this business as one opportunity to expand the ways they serve their merchant clients’ business needs, in an integrated environment that includes payment processing.
China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities.

But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.

China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities. But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.
In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.
In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.
In a roundup of this week’s news, we report on a new partnership for Visa in Africa, more expansion into Europe for Alipay, and a transaction milestone in India, driven largely by mobile payments.

As Visa looks to expand the reach of its network into developing economies, it has tapped another partner with reach in Africa: Uber.

In a roundup of this week’s news, we report on a new partnership for Visa in Africa, more expansion into Europe for Alipay, and a transaction milestone in India, driven largely by mobile payments. As Visa looks to expand the reach of its network into developing economies, it has tapped another partner with reach in Africa: Uber.
U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced.

The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.

U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced. The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.
Chinese e-commerce powerhouse Alibaba has agreed to form a joint venture with Marriott International. The venture combines Marriott’s expertise in hospitality with Alibaba’s in digital retail. Alibaba will manage Marriott’s storefront on its travel services platform.

Consumers will be able to use Alipay at Marriott locations. And in true payment facilitator fashion, the agreement promises to use technology platforms to provide Chinese tourists with an integrated travel experience.

Chinese e-commerce powerhouse Alibaba has agreed to form a joint venture with Marriott International. The venture combines Marriott’s expertise in hospitality with Alibaba’s in digital retail. Alibaba will manage Marriott’s storefront on its travel services platform. Consumers will be able to use Alipay at Marriott locations. And in true payment facilitator fashion, the agreement promises to use technology platforms to provide Chinese tourists with an integrated travel experience.
Atlanta-based Global Payments Inc. plans to acquire the communities and sports divisions of ISV ACTIVE Network from investor Vista Equity Partners, the companies announced today.

ACTIVE Network provides event and activity management software via its cloud-based platform to more than 36,000 event organizers. It serves the recreation, race, sports, camp and education verticals.

Atlanta-based Global Payments Inc. plans to acquire the communities and sports divisions of ISV ACTIVE Network from investor Vista Equity Partners, the companies announced today. ACTIVE Network provides event and activity management software via its cloud-based platform to more than 36,000 event organizers. It serves the recreation, race, sports, camp and education verticals.
Part of the reason for the Indian government’s unexpected demonetization move in November last year was to help spur the country’s digital economy and reduce the use of cash.

Card and other electronic transactions did increase dramatically in the months after the cash was removed from the system, but now that it has returned, will citizens return to their previous habits?

Part of the reason for the Indian government’s unexpected demonetization move in November last year was to help spur the country’s digital economy and reduce the use of cash. Card and other electronic transactions did increase dramatically in the months after the cash was removed from the system, but now that it has returned, will citizens return to their previous habits?
On Wednesday, Square posted earnings that once again beat analyst estimates.

Discussing the quarter’s results in its shareholder letter, the company highlighted the ways the integration of its software with its payments processing results in benefits for its sellers.

On Wednesday, Square posted earnings that once again beat analyst estimates. Discussing the quarter’s results in its shareholder letter, the company highlighted the ways the integration of its software with its payments processing results in benefits for its sellers.
In a roundup of this week’s news, industry-leading payment facilitators are continuing to expand their core services to make payments simpler for small businesses as well as individuals. We also report on companies announcing two different approaches to pop-up sellers.
In a roundup of this week’s news, industry-leading payment facilitators are continuing to expand their core services to make payments simpler for small businesses as well as individuals. We also report on companies announcing two different approaches to pop-up sellers.
London-based payments technology provider Paysafe has been the poster child for activity in the payment processing space this week, as it looks to expand its services while receiving a possible offer from suitors of its own.

Paysafe, which also operates as a payment facilitator, announced that it has agreed to acquire Houston-based processor Merchants’ Choice Payment Solutions (MCPS) for $470 million.

London-based payments technology provider Paysafe has been the poster child for activity in the payment processing space this week, as it looks to expand its services while receiving a possible offer from suitors of its own. Paysafe, which also operates as a payment facilitator, announced that it has agreed to acquire Houston-based processor Merchants’ Choice Payment Solutions (MCPS) for $470 million.
Citing the burgeoning opportunity for payment facilitators, another company is setting its sights on serving this market with a dedicated payment facilitator platform.

GlobalOnePay has launched an ecommerce platform that enables payment processing for payment facilitators, marketplaces, SaaS companies and ISVs.

Citing the burgeoning opportunity for payment facilitators, another company is setting its sights on serving this market with a dedicated payment facilitator platform. GlobalOnePay has launched an ecommerce platform that enables payment processing for payment facilitators, marketplaces, SaaS companies and ISVs.
In a roundup of this week’s news, Stripe makes an acquisition, PayPal announces more relationships, and the use of cards has surpassed cash usage in one more country.

Leading payment facilitator Stripe announced that it is acquiring Payable to help make tax reporting easier for platforms and marketplaces

In a roundup of this week’s news, Stripe makes an acquisition, PayPal announces more relationships, and the use of cards has surpassed cash usage in one more country. Leading payment facilitator Stripe announced that it is acquiring Payable to help make tax reporting easier for platforms and marketplaces.
The varied state approaches to money transmitter laws are a common headache for many payment facilitators. Affected companies dream of a uniform system, where adhering to the requirements in one state means that you can operate in other states as well.

The road to that system is long, but the good news is, baby steps down the path are continuing.

The varied state approaches to money transmitter laws are a common headache for many payment facilitators. Affected companies dream of a uniform system, where adhering to the requirements in one state means that you can operate in other states as well. The road to that system is long, but the good news is, baby steps down the path are continuing.

Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry.

Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry. Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

Visa and Klarna announced on Tuesday that the card network plans to invest in the Stockholm-based company.

The move comes at a time when Klarna – which has 60 million consumer and 70,000 retailer customers – has said it is looking to expand its product offerings and challenge the financial services status quo on a larger scale.

Visa and Klarna announced on Tuesday that the card network plans to invest in the Stockholm-based company. The move comes at a time when Klarna – which has 60 million consumer and 70,000 retailer customers – has said it is looking to expand its product offerings and challenge the financial services status quo on a larger scale.
Recent surveys from the U.K. again highlight the difference between the market for contactless cards there vs. in the U.S.

A survey from Barclaycard says that British consumers now use contactless payments for more than half (51%) of their transactions under the limit of 30£.

Recent surveys from the U.K. again highlight the difference between the market for contactless cards there vs. in the U.S. A survey from Barclaycard says that British consumers now use contactless payments for more than half (51%) of their transactions under the limit of 30£.
Much of the news over the past week has focused on enabling merchants to be everywhere. Several companies, including Wirecard and iZettle, have launched products to allow selling across borders using preferred local payments methods or unifying the consumer experience across mobile, e-commerce and the physical point of sale.

We also have news from Mastercard and an acquisition for Blackbaud in this week’s roundup.

Much of the news over the past week has focused on enabling merchants to be everywhere. Several companies, including Wirecard and iZettle, have launched products to allow selling across borders using preferred local payments methods or unifying the consumer experience across mobile, e-commerce and the physical point of sale. We also have news from Mastercard and an acquisition for Blackbaud in this week’s roundup.
Stockholm-based Klarna has secured a banking license from the Swedish Financial Supervisory Authority.

With this license, the company can operate as a bank across the European Union. And according to Klarna, securing the license makes it one of Europe’s largest banks right out of the gate, with 60 million customers.

The company sees itself as a formidable competitor to Europe’s banks.

Stockholm-based Klarna has secured a banking license from the Swedish Financial Supervisory Authority. With this license, the company can operate as a bank across the European Union. And according to Klarna, securing the license makes it one of Europe’s largest banks right out of the gate, with 60 million customers. The company sees itself as a formidable competitor to Europe’s banks.
This may come as a surprise to some, but people who use Airbnb aren’t always on the up-and-up.

Despite the home-sharing marketplace’s efforts to keep fraudulent listings and other bad behavior off the site, scams still make headlines. The company is apparently hoping that technology can help.

This may come as a surprise to some, but people who use Airbnb aren’t always on the up-and-up. Despite the home-sharing marketplace’s efforts to keep fraudulent listings and other bad behavior off the site, scams still make headlines. The company is apparently hoping that technology can help.