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Bank of Baroda teams with Amazon for SME lending

India

India’s second largest bank, Bank of Baroda, has got itself an “exclusive” micro lending partnership with Amazon. The bank says through this partnership it is running a process for underwriting Amazon sellers “who would traditionally not be able to procure a line at formal financial institutions”. The deal is part of the bank’s ambitions to […]

Payments funding round-up: 12 September 2017

Investment funding

Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.

Payments industry steps up to help Hurricane Harvey victims

Hurricane Harvey 2017

Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.

BNP Paribas exports nexo standards across 14 European countries

BNP Paribas

French bank BNP Paribas wants to help merchants “kiss goodbye” the costly, time-consuming and complex task of managing multiple, incompatible domestic acceptance systems. It plans to accomplish that for merchants in 14 European countries by deploying nexo’s acquirer payment acceptance messaging protocol.

ShopKeep expands into SME lending

ShopKeep

ShopKeep doesn’t just want to help small businesses accept payments, it wants to help them grow their businesses.

Top fintech stories this week – 1 September 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

McDonald’s taps Capgemini for digital push; Burger King unveils Whoppercoin in Russia

McDonald's

Capgemini has signed a multiyear IT strategic provider agreement with McDonald’s to help the fast food giant use technology to improve the customer experience. Meanwhile, Burger King has launched a blockchain-based loyalty programme in Russia.

Alipay buzz continues with Starbucks deal

Starbucks

Alipay is zipping along in terms of its international expansion. With its latest partnership, the world’s largest online and mobile payment platform operated by Ant Financial, is now available for Chinese tourists at all 242 Starbucks branches across Malaysia.

Bridg raises $11m from Morpheus Ventures, March Capital, Visa and NextEquity

Funding

Bridg, which claims to be the first marketing software company to leverage point-of-sale data to drive “precision-marketing campaigns” for restaurant and retail brands, has secured $11 million in Series B funding.

Walmart taps Google for omnichannel commerce play

walmart-logo-sun55

Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018, reports Banking Technology‘s sister publication Paybefore. Starting in late September, the retail giant will be working with Google to offer hundreds of thousands of items for voice shopping via Google Assistant – the largest number […]

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