PayPal has completed the acquisition of the deal-finding browser add-on company Honey Science Corporation in a $4 billion deal. This is the largest acquisition for the company in its 20-year history. The e-commerce startup Honey has around 17 million active users per month for whom it provides deal-browser extension services to navigate them through the…
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TemTum, the quantum-secure, ultra-fast, carbon-neutral cryptocurrency network, has just announced the launch of its iOS and Android mobile wallet application. The TemTum network allows any internet-connected device to conduct transactions, including phones, drones, watches, and cars. Clients will now be able to manage their TemTum cryptocurrency with security and simplicity. TemTum was independently tested and…
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Payments platform Paysafe has announced yesterday that it has expanded its omni-channel payments offering through the launch of the Cloud SDK from integrated payments firm Handpoint. The Cloud SDK will allow independent software vendors (ISVs) with cloud-based platforms to provide businesses with enhanced in-person payments. According to Paysafe's Q3 2019 report, US, Canadian, and UK…
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PayU is a fintech company that offers payment technology and services to online merchants. Founded in 2002 and headquartered in the Netherlands, PayU is now in the process of acquiring a majority stake in PaySense, which is an Indian digital credit platform. The estimated equity valuation is around $185 million. According to the Economic Times,…
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LHV, the fintech focused bank and payment services provider, has just announced that it has commenced providing real-time pound payments via the UK’s Faster Payments scheme. The bank is now providing real time euro payments via Single Euro Payment Area Instant (SEPA Instant) and processing pound (Faster Payments) payments. The pound payments service has been…
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The European market has witnessed a great deal of growth and change over the past decade in the area of merchant services and mobile payment apps. A new report from AEVI, a German-based company that enables better cooperation among banks, acquirers, and merchants, states that the industry has matured to the extent that 2020 may…
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Veterans of the payment industry can remember the advent of point-of-sale electronic terminals back in the early eighties, and one of the early pioneers in this effort to automate merchant acceptance of payment cards was Ingenico. The Ingenico Group, headquartered in Paris, France, has grown and prospered with the industry over the past four decades.…
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JPMorgan’s interest in blockchain technology received a great deal of press back in February of this year, when we reported that it would be “the first major bank to embrace the crypto revolution in a significant way by issuing its own proprietary stablecoin to speed up cross-border payments and gain other operating efficiencies, as well”.…
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MoneyGram International, Inc. (NASDAQ:MGI) will team up with Visa Inc. (NYSE:V) to enhance its person-to-person (P2P) debit card deposit service internationally. The pilot program will initially focus on payments to Spain and to the Philippines. Plans are to expand to other jurisdictions soon thereafter. MoneyGram, like its direct competitor Western Union, has always tried to…
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Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…
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