Payments round-up: 9 November 2017

Mobile payment

We got a trilogy folks. Following the payments round-ups on 8 November and 7 November, here’s more paytech action. Features PayPal, NCR, Samsung, Scotiabank, Mastercard and Eftpos. It’s been offering cross-border payments in India for a decade, but PayPal has now launched domestic operations in the country as it looks to take on Paytm and […]

Visa Direct expands to Europe


Visa has unveiled its European debut of Visa Direct, its real-time payments platform that allows for person-to-person (P2P), business-to-consumer (B2C) and business-to-business (B2B) payments.

Raise pulls in $60m funding, PayPal joins party

raise 1

Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners. This new financing brings the total capital raised by the Chicago-based company to more than $147 million, […]

The Monday mindset: 4 September 2017

Here comes the money wave!

Fintech zeitgeist! This week Loraine DeBonis, editor-in-chief of Banking Technology’s sister site Paybefore, muses on all the money changing hands in the payments industry.

PayPal launches two innovation labs in India


PayPal has set up two innovation labs in India – based out of the company’s tech centres in Chennai and Bangalore – to help the country’s fintech start-ups grow.

PayPal to buy Swift Financial to boost SME lending


After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.

PayPal enables Skype app payments


PayPal is on a tear and looking to significantly boost its P2P payments volume through Venmo, which already posted 103% growth in the second quarter, reaching $8 billion, reports Paybefore, Banking Technology’s sister publication. The company has announced in a blog post that any of the more than one billion people who’ve downloaded the Skype […]

Fintech earnings round-up: 31 July 2017


Several major payments companies have released Q2 earnings, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.

PayPal teams with Samsung Pay


The partnerships keep coming for PayPal. Following recent news that the company is partnering with Apple for payments on iTunes and in the App Store, among other places, the company is now expanding its partnership with Samsung to enable PayPal as a payment method in any channel Samsung Pay is accepted, according to the PayPal blog. Banking […]

New partnership turns PayPal into Apple App Store payment option


One small step for consumer choice in e-commerce. One giant leap in PayPal’s quest to be the payment option of choice for shoppers online, reports Finovate (Banking Technology’s sister company). This week the company announced a partnership with Apple to allow shoppers pay for their purchases at the App Store using PayPal. The feature will be available for users […]