Hong Kong-based FinTech Qupital is expanding its reach as it unveils a deal to provide financing services to eBay sellers in one of the world’s fastest growing markets, Greater China. Under the agreement with eBay, Qupital will become one of the global eCommerce platform’s finance partners in Hong Kong, the firm stated in a press release. … Continue reading Qupital Inks Financing Services Deal With eBay Continue Reading
In today’s top news, Brazil’s central bank suspended WhatsApp’s payment feature, and Visa launched its online resource hub for small and medium-sized businesses (SMBs). Plus, Zopa received its banking license. Brazil’s Central Bank Shuts Down WhatsApp Payments Brazil’s central bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns. Mastercard and Visa have … Continue reading Today In Payments: Brazil Central Bank Shuts WhatsApp Payments; Visa’s SMB Hub Launches With PayPal, Freshbooks Continue Reading
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy and Connecticut Gov. Ned Lamont announced the travel advisory on Wednesday (June … Continue reading New York To Sunbelt State Tourists: Stay Home Continue Reading
As the Wirecard scandal unfolds, SoftBank Group Corp. is facing questions about its investment in the embattled German payment services provider, CNBC reported. Last year, the Tokyo-based global conglomerate holding company paid 900 million euros ($1 billion) for a 6 percent stake in Wirecard. But even then, there were concerns about Wirecard’s accounting practices, the network reported. Today, Wirecard is fighting … Continue reading SoftBank Faces Scrutiny For $1B Investment In Wirecard Continue Reading
Talk about an about-face. The news that Brazil has seen a sudden “freeze” of WhatsApp payments, introduced only last week by Facebook, raises questions about the nature of platforms, the nature of competition — and whether regulators may be treading with heavy feet on consumer choice. As had been reported Tuesday (June 23), Brazil’s central … Continue reading WhatsApp And Facebook’s Brazil Conundrum Continue Reading
Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.” The partnership is “the next step toward the development of sustainable and scalable interoperable payment options,” said Ambar Sur, founder and CEO of the global payments infrastructure company. The B2B firm … Continue reading Visa, TerraPay Link Up For Real-Time, Cashless Payments Continue Reading
Breakfast, we’ve long been exhorted by mothers everywhere, is the most important meal of the day. And, until very recently, it was also the meal Americans were most likely to eat in the car or on the run, and often on the way to work in the morning. But that was before a global health pandemic shut … Continue reading How Restaurants Are Working To Bring Breakfast Back Continue Reading
Bucking the coronavirus-driven economic downturn, Indian FinTech Aye Finance on Wednesday (June 24) said it had raised $27.5 million from a group of investors led by the private equity arm of Alphabet, Google’s corporate parent. The Gurgaon-based startup, which has built a digital lending platform for small businesses, took to Twitter to announce the news of the cash infusion … Continue reading Aye Finance Raises Another $27.5M Amid Pandemic Continue Reading
To let merchants send out delivery drivers for orders made on their websites, Square unveiled availability of its On-Demand Delivery for Square Online Store offering in an announcement on Wednesday (June 24). A delivery worker from the eatery’s delivery partner is sent to its location to retrieve the purchase and bring it to the customer. To monitor the delivery, … Continue reading Square Lets Sellers Dispatch Couriers With On-Demand Delivery Continue Reading
A year-long investigation into Amazon’s investment in Deliveroo, the U.K. food delivery service, has ended in favor of the world’s largest online marketplace. The Competition and Markets Authority (CMA), the country’s competition watchdog, has ruled that the deal will not hurt shoppers, the Financial Times reported. On Wednesday (June 24), the CMA gave its provisional approval of Amazon’s $575 … Continue reading Amazon Gets Approval To Own A Piece Of Deliveroo Continue Reading