Payments

Platform News: Facebook and WhatsApp messaging service

WhatsApp wins approval to double payments offering to 40 million users in India

WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge has told journalists.

Amazon

Amazon bans Visa cards in UK, stepping up battle with payments giant

Amazon.com Inc will stop accepting Visa credit cards issued in the United Kingdom from next year because of high transaction fees, the e-commerce giant has said, escalating its fig...

Platform News: Wise

Wise PLC to join the New Payments Platform in Australia

Digital money transfer group Wise Plc will join an Australian payments network which should allow transfers to be settled in the country faster and at lower cost, Chief Executive O...

Stripe

Online payments business Stripe adds more jobs to Irish hub

Digital payments processor Stripe Inc will add hundreds of new engineering jobs in Dublin over the next three years, Americas most valuable technology start-up has said.

Indian FinTech Paytm

Paytm eyes an IPO by end of October, hopes to break even in 18 months

Indian digital payments firm Paytm expects to launch its IPO at around the end of October, pending regulatory approvals, a source familiar with the matter have said.

Platform News: Binance

Crypto exchange Binance says sterling withdrawals reactivated after outage

Major cryptocurrency exchange Binance said on Wednesday that sterling withdrawals from its platform had been reactivated, with users also able to buy digital coins with debit and c...

Platform News: Marqeta

Payments start-up Marqeta valued at over $17 billion in Nasdaq debut

Shares of Marqeta Inc, which provides payments services to customers including Uber and DoorDash, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization ...

Fintech: Marqeta

Marqeta prices IPO above range, valuing it at $15 billion

US payments start-up Marqeta, which counts the likes of Uber Technologies and Stripe among existing backers, has priced its IPO well above the target range to raise $1.2 billion, a...

FinTech player, Square

Square sails past profit estimates as bitcoin volumes surge

Payments firm Square Inc has beaten Wall Street expectations for quarterly profit, as surging demand for bitcoin fuelled a jump in cryptocurrency transactions on its peer-to-peer p...

Platform News: Opening the WhatsApp app on a smartphone

Facebook messaging service gets delayed Brazil nod for payments

Brazil’s central bank has cleared the way for Facebook-owned WhatsApp to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing...

Platform News: Opening the WhatsApp app on a smartphone

WhatsApp hires Amazon Pay’s Mahatme to lead India payments

WhatsApp has hired a top Amazon executive to head its payments business in India, two sources told journalists, as the messenger service gears up to expand in the booming sector.

Platform News: Flipkart

Flipkart’s PhonePe to raise $700 million from existing investors

PhonePe, the digital payments business unit of Flipkart has said it would sell a stake to existing investors for $700 million, helping it fuel expansion at a crowded market that in...

Platform News: Opening the WhatsApp app on a smartphone

WhatsApp gets approval to launch payments feature in India

WhatsApp has obtained approval to roll out its obligations service in India starting with 20 million consumers, the nation’s flagship obligations processor has said, providin...

Platform Industry: All things crypto platforms and digital currency

Major bank-led digital cash settlement project gets delayed

A significant project between 13 of the world’s largest banks geared toward launch digital versions of key currencies in 2020 is not likely to get going this year, the busine...

Wirecard

Wirecard lays off more than half of remaining German staff

The infamous German FinTech Wirecard has let go more than half of its remaining staff in Germany and terminated the contracts of its management board members, its bankruptcy admini...

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