News Roundup: Adyen Partners with VTEX; Xoom Expands into Asia

E-Commerce5

This week’s roundup of news from around the web includes a new partnership for Adyen, Asian expansion for PayPal’s Xoom, and growing cashless payments in India.

E-commerce technology provider VTEX announced a new partnership with Dutch payment facilitator Adyen, through which it has added payments processing and risk tools from Adyen to its platform. The partnership is geared to helping its customers grow their e-commerce businesses globally, the company said.

In a post on its web site, VTEX said, that the “aim with this partnership is to assist other businesses as they expand and grow internationally using the safest and most efficient methods. Due to the implementation of having a secure and simple centralized payment option, this opportunity presents an excellent prospect for growth.”

PayPal’s Xoom, a digital money transfer provider, announced that it was expanding into Asia. According to a press release, the company is partnering with Queen Bee Capital Co., Ltd., a provider of overseas transfer services, to enable customers to send funds to bank accounts in Japan from their U.S. bank accounts, credit cards or debit cards.

“At Xoom, our goal is to make sending money around the world quick and easy. That’s why we’re excited to extend Xoom’s services into Japan,” said Helen Li, Marketing Manager for East Asia, Xoom in the press release. “With Xoom, users can now send money from their mobile phones in a few clicks and deposit money into their loved one’s bank accounts in Japan. No more waiting in line at the bank to wire money; with just a few easy clicks, your transfer is immediately sent and in your loved one’s account within one business day.”

The company cited data from the Pew Research Center saying that Japan received $1.56 billion in remittances sent from the U.S. in 2015.

According to a report in The Financial Express, All India Institute of Medical Sciences (AIIMS), a medical facility in Delhi, has partnered with Indian payments provider MobiKwik to enable the acceptance of cashless payments.

“To begin with resident doctors, staff and visitors can pay with MobiKwik in the institution’s cafeteria. Payment of doctor’s consultation, tests and other services will be made cashless by the first week of January 2017,” MobiKwik said in a statement to the publication.

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