Latest E-commerce News: Finextra Research

Pressure grows on EBA to amend SCA timetable

Payments Europe, an industry association representing the views of card issuers and card acquirers, has joined the growing calls for a delay to the introduction of strong customer authentication (SCA) rules and for a harmonised approach across national markets.

06 May 2020

News/payments

Tencent buys stake in Aussie buy-now-pay-later outfit Afterpay

Chinese tech giant Tencent has bought a five per cent stake, worth around A$390 million, in Australian buy-now-pay-later firm Afterpay.

01 May 2020

News/payments

UK cash withdrawals plummet 60% during Covid-19 lockdown

The Covid-19 pandemic is radically changing cash usage in the UK, with ATM withdrawals falling 60% during the lockdown and three quarters of Brits reporting that their use of paper money is down.

29 April 2020

News/covid-19

Bank of America's Head of FIs GTS: Cash has increased in prominence as a security

Despite the assumption that the Coronavirus pandemic will prove the last nail in the coffin, Bank of America's head of financial institutions GTS believes demand for paper money as a security has in fact increased.

29 April 2020

Company update/payments

FSS collaborates with FairPlay for online acquiring in the Czech republic

FSS Technologies, a global payments products and solutions provider and payment processor, announced a collaboration with Fairplay Pay s.r.o. one of the Czech Republic’s newest payments innovators specializing in fair, fast and secure SEPA and domestic transactions for its full-stack online Acquiring suite.

29 April 2020

Company update/payments

DPO Group and Mastercard join forces to help businesses in Africa move online

African digital payments company, DPO Group, has launched an e-commerce store.

29 April 2020

News/regulation

Blaming Covid-19, European payments industry calls for SCA delay

Citing Covid-19, the European payments industry is calling on the EBA to push back the deadline for the migration to Strong Customer Authentication (SCA) standards still further.

29 April 2020

News/payments

Hong Kong's Oriente scores $50 million in funding

Hong Kong-headquartered merchant and consumer credit financing platform Oriente has has secured a fresh capital injection of approximately $50 million in its on-going Series B funding round.

28 April 2020

Company update/payments

Stripe rolls out card issuing product

Stripe, which builds economic infrastructure for the internet, today announced three major updates to its core payments platform to help its millions of users increase their revenue: worldwide direct connectivity to six major card networks; a revenue optimization engine; and Stripe Issuing, now available to all US businesses.

23 April 2020

News/payments

Worldline progresses M&A strategy with majority stake in GoPay

Worldline has reinforced its merchant services business in Eastern Europe with the acquisition of a majority stake in Czech online payments processor GoPay.

23 April 2020

News/covid-19

Alipay offers boost to Covid-19-hit Wuhan merchants

Payments behemoth Alipay has set up a special section of its app to promote local merchants in Wuhan, the city where Covid-19 emerged before spreading across the world.

08 April 2020

News/payments

Curve introduces numberless cards

Card consolidation app Curve has become one of the first firms in Europe to roll out numberless cards in a move it says boosts security and convenience.

07 April 2020

News/payments

CaixaBank helps Covid-19-hit retailers sell over social media

Spain's CaixaBank has moved to help retailers hit by the Covid-19 pandemic through the launch of technology that enables them to sell over social networks and messaging applications.

01 April 2020

Company update/payments

TrustPay introduces Payment Links for merchants without an online store

Because of the COVID-19 pandemic, many businesses now face brand new challenges and are forced to adapt their operations almost overnight.

01 April 2020

Company update/wholesale

MatchMove acquires stake in Shopmatic

MatchMove, the award winning ‘Banking-as-a-Service’ platform has entered into an agreement with e-commerce enabler, Shopmatic, to make a strategic investment in the company with immediate effect.

31 March 2020

News/payments

Stripe leads $20 million round in one-click shopping startup Fast

Stripe has led a $20 million Series A funding round in San Fransisco-based one-click payments startup Fast.

26 March 2020

Company update/payments

Wirecard expands e-commerce offering for WeChat Pay

Wirecard, the global innovation leader for digital financial technology, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method into their online shop in just a few minutes.

19 March 2020

Company update/payments

Wirecard to embed Klarna products into merchant checkouts

Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution.

12 March 2020

News/payments

Former Twitter chief Costolo backs payments outfit SpotOn

SpotOn Transact, a payments and software company targeting SMEs, has raised $50 million in a Series B funding round joined by former Twitter CEO Dick Costolo's 01 Advisors.

11 March 2020

News/E-commerce

Alipay cites coronavirus as it looks beyond payments to era of 'digital lifestyle'

China's Ant Financial is planning to open up its hugely popular payments platform Alipay to third parties, enabling millions of service providers to offer their wares through the app.

10 March 2020