Latest E-commerce News: Finextra Research

Company update/crypto

Bitpanda and Contis launch multi-asset debit card

A new Visa debit card from European neobroker Bitpanda launched this week. Combining Contis’ unique “zero-balance” Buffer technology with Bitpanda’s European-wide, multi-service platform has created one of the most powerful multi-asset propositions available – the Bitpanda Card.

02 March 2021

News/predictions

2020 Fintech funding down on 2019 but on the way back up

Global investment in fintech fell significantly in 2020 as the Covid-19 pandemic hit but picked up significantly in the second half of the year, according to KPMG, which expects a strong 2021 for the sector.

26 February 2021

Company update/payments

Nets integrates PayPal into e-commerce checkouts

European payment services provider Nets now offers PayPal as a payment option for its merchants in the Nordics.

25 February 2021

News/payments

AfterPay scores BNPL collaboration deal with Stripe

Australian buy now, pay later giant AfterPay has entered a transformational partnership that will give merchants using Stripe code the opportunity to offer customers the option of installment-based purchases.

24 February 2021

News/payments

BNPL expected to double market share in UK e-commerce within the next four years

Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.

24 February 2021

Company update/payments

Mollie expands focus to help UK merchants selling in to the EU

Mollie, one of the fastest-growing payment service providers in Europe, has expanded to support UK merchants looking to grow into Europe.

16 February 2021

Company update/payments

JCB and Worldline extend commercial relationship across Europe

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Worldline, a European leader in the payments and transactional services industry, announce the expansion of their partnership.

09 February 2021

News/payments

Nordic change is in the air for 2021

As part of Finextra’s Predictions Series for 2021, Hannah Wallace spoke to Erik Zingmark, Nordea’s head of transaction banking to unpack some of the leading trends he expects to see throughout 2021.

05 February 2021

News/payments

PayPal quits competitive Indian payments market

PayPal is to wind down its domestic payments business in India after failing to make a significant dent in a fiercely competitive market.

05 February 2021

News/startups

Cross-border payments startup Routefusion raises $3.6m

Routefusion, an Austin-based startup that helps tech companies embed cross-border payments in their applications, has raised $3.6 million in seed funding.

02 February 2021

News/payments

Royal Bank of Canada moves into BNPL market

Royal Bank of Canada is moving into the buy now, pay later realm through a partnership with Alliance Data's Bread.

01 February 2021

News/startups

BNPL player Scalapay raises $48m

Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.

29 January 2021

News/startups

Stripe leads $102m funding round for one-click shopping startup Fast

Stripe has co-led a $102 million Series B funding round for San Francisco-based one-click payments startup Fast.

26 January 2021

News/startups

French BNPL player Alma raises EUR49m

French buy now, pay later outfit Alma has raised €49 million in a Series B funding round joined by Cathay Innovation and Idinvest.

25 January 2021

News/payments

ByteDance launches mobile payments on China's version of TikTok

ByteDance has launched its own payments service for Douyin, the Chinese version of its video app TikTok.

20 January 2021

News/regulation

PayPal takes full ownership of Chinese payments business

PayPal has taken complete ownership of GoPay, making it the first foreign firm to have 100% control of a Chinese payments platform, according to Reuters.

14 January 2021

News/payments

Rapyd bags $300 million as online payments skyrocket

Buoyed by the pandemic-fuelled growth in cross-border digital payments, fintech-as-a-service platform Rapyd has bagged $300 million in a Series D financing round led by Coatue.

13 January 2021

News/devops

Open Banking year three: Insights from the CMA9

The UK banking industry had its hands full in 2020 as institutions had to respond to lockdowns and other restrictions on business activity designed to curb the spread of Covid-19. What effect did this have on the ongoing adoption of Open Banking? In Finextra’s annual review, we look at how Open Banking has grown, what still needs to improve and what will happen next.

13 January 2021

News/payments

CES 2021: Stripe and Plaid reveal Covid-19 ‘pressed fast forward’ on digital payments acceptance

As Andrew B. Morris from The Fintech Agenda, LLC highlights at CES 2021, the dark clouds of Covid-19 had a silver lining for the fintech industry. Unicorns Stripe and Plaid supported the global shift to a contactless economy, helping businesses deliver products and services to consumers who had collectively formed new daily habits for everything. Ginger Baker and Erika Wool explain what's next for the payments giants.

13 January 2021

News/devops

How banks and financial services players will monetise open banking

Joined by executives from the financial services ecosystem, Celent’s head of corporate banking Patricia Hines took to the Sibos virtual stage to lead a discussion on the potential for building on ROI with APIs.

12 January 2021