PaymentFacilitator’sNews 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.

Big Brands Doing Big Things

Stripe sets up shop in APAC. In an interview, the Silicon Valley veteran’s chief business officer talks about moving the company’s brand into Southeast Asia’s booming internet economy to stake its claim on the budding digital ecosystem. In an effort to establish long-term roots, Stripe recently hired former PayPal executive Rahul Shinghal to head its APAC expansion efforts. From The Business Times

Google Pay rivals Paytm on UPI platform. The global brand has taken its payments arm to the winner’s circle of the United Payments Interface (UPI) platform. In terms of transaction value, Google Pay is ahead of Paytm and PhonePe by a margin of about 25%. In terms of volume, Paytm still holds the lead but not by much. FromET Tech.   

Flipkart looks to launch KYC initiative and gets nod from RBI. The Walmart-backed Indian etailer currently has a KYC project in pilot status with about 10,000 users. The video KYC solution will enable the company to offer instant credit to customers who buy through its platform. If successful, Flipkart plans to roll it out to its larger user base in the next few weeks and has already received the “in-principle nod” from the RBI. From Business Today

Emerging Markets

PF iPay launches affiliate program to unlock Africa’s digital market. One of Africa’s leading payments gateways, iPay, has launched a strategic affiliate program in an effort to tap Africa’s largely untapped digital ecosystem. The program targets web developers, merchants and digital marketers with clients who are selling online or in-store. From Capital Business

Fintech Forward

Grab secures funding for fintech investment. Ride-hailing startup Grab plans to raise another $2 billion to support up to six individual acquisitions or investments the company plans to make in tech companies. Citing the opportunity for its financial services in Indonesia in particular, Grab is really putting the pressure on local rival Go-Jek with this recent initiative. From Nikkei Asian Review

Industry News

Worldline: Worldline Launches Dedicated Payment Solution for Online Marketplaces Thus Enhancing the Biggest Evolution of Ecommerce

Paysafe: Paysafe Adds Multiple Payment Options to PaySimply

Klarna: Expedia Group and Klarna are Jointly Enabling Travelers to “Travel Now, Pay Later”

Square: Square Expands Omnichannel Offerings with New Square Online Store for Canadian Businesses

PayStand: PayStand Announces Automated Receivables Product to Streamline Enterprise Payments and Collections for Finance Professionals

Shopify: Building a Predictable Platform: Introducing API Versioning at Shopify

Apptizer Inc: Apptizer Advanced Kiosk Now Certified for Worldpay Payment Processing

Klarna: Klarna Launches Global Customer Authentication Platform

Boost B2B: Boost Secures $12 Million in Series B Funding Led by Mosaik Partners and North Atlantic Capital

PPRO Group: PPRO Granted E-money Licence by Ministry of Finance in Luxembourg