Payments

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.

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...

Platform News: Opening the WhatsApp app on a smartphone

WhatsApp says Brazil’s central bank willing to restore payments service

Facebook messaging service WhatsApp has said that Brazil’s central bank had said it intended to find a way to restore the payments service in the country by working with Visa...

Platform News: Facebook and WhatsApp messaging service

Facebook’s WhatsApp brings digital payment to users in Brazil

WhatsApp has rolled out a system across Brazil that will allow users to send money to individuals or local businesses within a chat, attaching payments as they would a photo or vid...

Mastercard

Mastercard’s Scandinavian e-pay deal in EU antitrust crosshairs

Antitrust regulators from the European Union have said Mastercard Inc’s plan to buy part of Scandinavian payments group Nets is a significant threat to the competitive landsc...