PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

 

Innovations and Enhancements

Flipkart flips the game with cardless credit. As part of the company’s initiative to build a comprehensive financial services business, Flipkart is offering consumers an instant credit line to buy products on its ecommerce marketplace. And this comes in addition to a possible petition for a non-banking financial company (NBFC) license that will enable a two-part approach to consumer lending. From livemint.

Stripe advances – literally. In an effort to continue its growth toward being businesses’ “go-to financial services partner,” Stripe is testing new cash advance services that would provide funding to its business customers within 1-2 days following the application. Marketing efforts have already commenced under the brand name Advance.  From Techcrunch.

 

Rivalry Response?

Google Pay privacy policy tweaked – in response to Paytm criticism? Directly on the heels of an accusation from India-based rival Paytm that the Google platform allowed for full disclosure of customer data for advertising and other purposes, the global brand has tweaked the privacy policy of its Indian mobile payment application. Google said it was adjusting the language to make the policy easier for customers to understand. From Tech2.

 

Industry News  

Square Announces Solutions Partner Program

PayPal Completes Acquisition of iZettle

Bala Janakiraman Appointed to Lead First Data Partner Solutions

Blackbaud’s Could Fund Accounting Software Helps Organization Improve Financial Transparency, Save Time and Effectively Manage Their Programs

Shopify’s Dev Degree expands to York University