E-commerce

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/payments

Wirecard partners websms on smart shopping

Wirecard, the global innovation leader for digital financial technology, and websms, a pioneer in mobile messaging, have come together to set new standards in mobile marketing.

/payments

South Africa's Peach Payments secures new funding

Peach Payments, a leading electronic payments platform for entrepreneurs, SMEs and large enterprise businesses in South Africa, has raised growth funding to drive its expansion into Africa.

/payments

Uphold partners Coil to help creators get paid

Uphold, a leading digital money platform that has powered more than $6 billion in transactions across 180 countries, today announced a partnership with Web Monetization provider Coil utilizing the Interledger Protocol.

Facebook makes e-commerce play with Shops

/payments

Facebook makes e-commerce play with Shops

Mark Zuckerberg is diving into e-commerce, launching a service that lets small businesses set up storefronts on Facebook and Instagram - although buyers will often have to leave the apps to complete purchases.

/security

Visa Token service gains 28 new partners

Visa Inc. (NYSE:V) today announced that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors.

Payments startup Primer raises £3.2m

/startups

Payments startup Primer raises £3.2m

UK payments startup Primer has raised £3.2 million in a seed funding round led by Balderton Capital and joined by Transferwise co-founder Taavet Hinrikus.

/payments

QuadPay partners Stripe on buy-now-pay-later offering

QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store.

Banked moves out of beta to take on Visa and Mastercard

/payments

Banked moves out of beta to take on Visa and Mastercard

Account-to-account payments startup Banked has moved out of public beta after securing £2.35 million in seed funding.

Pressure grows on EBA to amend SCA timetable

/regulation

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.

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

/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.

UK cash withdrawals plummet 60% during Covid-19 lockdown

/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.

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

/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.

/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.

/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.

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

/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.

Hong Kong's Oriente scores $50 million in funding

/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.

/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.

Worldline progresses M&A strategy with majority stake in GoPay

/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.

Alipay offers boost to Covid-19-hit Wuhan merchants

/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.

Curve introduces numberless cards

/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.

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