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Australians show strong appetite for BNPL, according to survey

/payments

Australians show strong appetite for BNPL, according to survey

A survey conducted by Marqeta has shown that three in four Australians have increased their use of buy now pay later (BNPL) products during the pandemic, making them the global leader in BNPL adoption when compared the UK and US.

/cloud

Softbank-backed THG Ingenuity invests in cloud technology platform

THG Ingenuity takes a stake in Civo to leverage Civo’s newly launched managed cloud native Kubernetes platform. The platform will enhance THG Ingenuity’s technology offering

JP Morgan starts processing US credit cards on Alibaba.com

/payments

JP Morgan starts processing US credit cards on Alibaba.com

JP Morgan Merchant Services has begun processing US credit card payments for Alibaba's B2B business unit.

/payments

Adobe taps PayPal for e-commerce payments

Adobe (Nasdaq: ADBE) today announced the upcoming availability of Payment Services for Adobe Commerce, the industry’s leading end-to-end commerce application for B2B, D2C and hybrid use cases.

/startups

SellersFunding closes $166.5 million Series A

SellersFunding, a global fintech company empowering growth for ecommerce sellers, today announced it secured $166.5M in a combination of Equity and Credit Facility, with an investment round led by Northzone, and additional investments from Endeavor Catalyst and Fasanara.

/payments

Square introduces Cash App Pay for sellers

Starting today, Square sellers will be able to accept payments through Cash App Pay, a new contactless payment method for both online and in-person transactions.

Ripple vets unveil global micropayments network for Web 3.0

/crypto

Ripple vets unveil global micropayments network for Web 3.0

A pair of ex-Ripple executives have brought their latest venture out of stealth, unveiling plans for a global micropayment network backed by blockchain technology.

Scalapay raises $155m in Europe’s largest ever equity funding round

/payments

Scalapay raises $155m in Europe’s largest ever equity funding round

Buy now and pay later (BNPL) start-up, Scalapay, today announced that it has raised $155 million in equity funding as part of its Series A investment round – the largest round ever raised in Europe. Led by Tiger Global, which valued Scalapay at $700M, the Series A received participation from Baleen Capital and Woodson Capital. The new investors join existing investors, Fasanara Capital and Ithaca Investments.

Marqeta and Zip announce BNPL partnership in Australia

/payments

Marqeta and Zip announce BNPL partnership in Australia

Marqeta, the global card issuing platform, has today announced its partnership in Australia with leading player in the digital retail finance and payments industry, Zip.

Addi raises $75m to bring BNPL to Latin America

/payments

Addi raises $75m to bring BNPL to Latin America

Bogota-based Addi has raised $75 million in an extension f its Series B funding round led by Greycroft.

PayPal agrees $2.7bn deal to buy Japanese BNPL firm Paidy

/payments

PayPal agrees $2.7bn deal to buy Japanese BNPL firm Paidy

PayPal has struck a deal to buy Japanese buy now, pay later firm Paidy for around $2.7 billion, mainly in cash.

Nubank buys Pix payment platform for online stores

/payments

Nubank buys Pix payment platform for online stores

Brazilian digital bank Nubank has acquired Spin Pay, a local firm that supports e-commerce transactions using the country's PIX instant payments platform.

LayBuy launches BNPL app

/payments

LayBuy launches BNPL app

Buy now, pay later outfit Laybuy is launching an app that lets UK shoppers pay in instalments at some of the world's biggest brands, including Amazon, eBay, Asos and Nike.

Ikea owner invests in BNPL firm Jifiti

/payments

Ikea owner invests in BNPL firm Jifiti

The owner of Swedish furniture retail giant Ikea has paid $22.5 million for a minority stake in white label buy now, pay later player Jifiti.

Amazon partners Affirm to offer customers BNPL option

/payments

Amazon partners Affirm to offer customers BNPL option

Amazon has teamed up with Affirm to offer its US customers a buy now, pay later option at the checkout.

Balance raises $25m for B2B digital checkout platform

/startups

Balance raises $25m for B2B digital checkout platform

Balance, a digital checkout platform for B2B businesses, has raised $25 million in Series A funding led by Ribbit Capital with participation from Stripe.

/payments

More than half of Canadians experience payments friction

Consumer payment options and frictionless transactions are critical to drive business advantage in an era of digital payments — Canadians seek more payment choices, including to pay bills and taxes.

Boku launches global mobile payments network

/inclusion

Boku launches global mobile payments network

Carrier billing outfit Boku has unveiled what it claims is the world's largest mobile payments network, reaching 5.7 billion payment accounts in 90 countries.

/payments

GoDaddy adds online pay links and virtual terminal

GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced the launch of new Pay Links and Virtual Terminal features within GoDaddy Payments, enabling small business owners to take online and remote payments without the requirement of a website or an online store.

/E-commerce

PayPal joins $98 million round in Cart.com

Cart.com, the first end-to-end ecommerce services provider, today announced the close of a $98 million Series B round, bringing the company’s total funding since its launch eight months ago to more than $140 million.

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