Payment facilitators have developed a reputation for innovating solutions that bring previously excluded parties into the formal payments system. According to Mastercard's James Hicks, this ability to take a fresh look at old problems makes PFs well suited to help the card networks expand the use of digital payments into emerging markets using QR codes.
Payment facilitators have developed a reputation for innovating solutions that bring previously excluded parties into the formal payments system. According to Mastercard's James Hicks, this ability to take a fresh look at old problems makes PFs well suited to help the card networks expand the use of digital payments into emerging markets using QR codes.
The question of how to earn revenue from their online content has dogged publishers since the advent of the internet.

The models that have emerged are typically either advertising- or subscription-based. But German company LaterPay thinks it has found a way to bridge the two – by focusing on readers and how they consume content.

The question of how to earn revenue from their online content has dogged publishers since the advent of the internet. The models that have emerged are typically either advertising- or subscription-based. But German company LaterPay thinks it has found a way to bridge the two – by focusing on readers and how they consume content.
While Singapore is technologically advanced in many ways, it is falling behind in others. This is according to Singapore’s prime minister, Lee Hsien Loong.

In an annual address last week, Lee named digital payments as one area where better use of information technology could improve the lives of Singaporeans.

While Singapore is technologically advanced in many ways, it is falling behind in others. This is according to Singapore’s prime minister, Lee Hsien Loong. In an annual address last week, Lee named digital payments as one area where better use of information technology could improve the lives of Singaporeans.
In a roundup of this week’s news, we report on payments powerhouses continuing to expand globally, a new application for QR codes in India, and an offer promoting card payments for cross-border tuition bills.
In a roundup of this week’s news, we report on payments powerhouses continuing to expand globally, a new application for QR codes in India, and an offer promoting card payments for cross-border tuition bills.
As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally.

But what does all this mean to payment facilitators?

As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally. But what does all this mean to payment facilitators?
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.
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.
Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes.

The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.

Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes. The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.
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.
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.
Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo.

Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.

Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo. Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.
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.
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.
In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification.

China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification. China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

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.

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.
Businesses that have embraced the payment facilitator model often do so because they recognize the need to simplify the complex business of payments for their merchant clients.

They understand how important it has become to integrate payments into a merchant’s offerings in a flexible way that helps them serve their customers. A natural extension of that is the omnichannel approach – enabling the merchant to seamlessly connect with customers through both digital and in-person touchpoints.

Businesses that have embraced the payment facilitator model often do so because they recognize the need to simplify the complex business of payments for their merchant clients. They understand how important it has become to integrate payments into a merchant’s offerings in a flexible way that helps them serve their customers. A natural extension of that is the omnichannel approach – enabling the merchant to seamlessly connect with customers through both digital and in-person touchpoints.
In this week’s news roundup, Stripe expands and the agreements forged between PayPal and the card networks continue to deliver new features.

Leading payment facilitator Stripe said in a blog post that it has fully launched in six new European countries. Now businesses in Germany, Austria, Switzerland, the Netherlands, Belgium, and Luxembourg have access to all of Stripe’s products.

In this week’s news roundup, Stripe expands and the agreements forged between PayPal and the card networks continue to deliver new features. Leading payment facilitator Stripe said in a blog post that it has fully launched in six new European countries. Now businesses in Germany, Austria, Switzerland, the Netherlands, Belgium, and Luxembourg have access to all of Stripe’s products.