Payment Services

Jack Dorsey

Jack Dorsey leads $29 billion buyout of lending pioneer Afterpay

Square Inc, the payments firm of Twitter co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant ...

PayPal

PayPal Australia takes on Afterpay with no-late fee ‘buy now, pay later’ offer

PayPal’s new “buy now, pay later” offering in Australia will not charge late payment fees, the US payments giant has said, as it attempts to edge past main indust...

Platform News: Japan's PayPay

SoftBank’s PayPay surges ahead in Japan’s digital payments race

For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuad...

Platform Industry: ByteDance China company building

ByteDance launches Douyin Pay, its mobile payment service for China

ByteDance has launched its third party payment support for its Chinese version of its hit brief video app TikTok,”Douyin Pay”, as it presses to enlarge in the e-commerc...

Paytm

PayTM says could turn profitable in 2021

Indian FinTech PayTM can turn profitable soon, as the ongoing COVID-19 crisis has fuelled a spike in the use of its payment platforms, the company’s CEO and founder told atte...

Paytm

Ant considers Paytm stake sale amid tensions with India

Chinese FinTech giant Ant Group is considering selling its 30% stake in Indian electronic payment chip Paytm amid tensions between the two Asian neighbours and a toughening competi...

Wirecard

Wirecard’s tech assets and platform bought by Banco Santander

Wirecard’s insolvency administrator Michael Jaffe on Monday said the payment system provider’s technology platform had been sold to Spain’s Banco Santander.

Platform News: Opening the WhatsApp app on a smartphone

Brazil central bank says WhatsApp payments service faces further review

Brazil’s central bank president has said that Facebook’s messaging service WhatsApp would be allowed to launch its new payments service in the country, but called for p...