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.

QR Standardization Going Global 

Japan’s digital leaders take steps to unify QR. In an effort to bring one voice (or scan) to QR code payments, some of the biggest brands have come together. Line, Alibaba and WeChat Pay are some of the notable digital giants that have agreed to one unified QR code for purchases on their platforms. From Nikkei Asian Review

Saudi Arabia steps towards standardization. Saudi Payments has signed a memorandum of understanding to implement a unified QR standard among twelve respective parties. Participants in the initiative include nine banks and three technology firms – the goal being to foster an integrated digital payments system that functions as an “open loop” payments ecosystem. From Telecompaper.

Fintech Forward

MobiKwik revenue grows 100%. Targeting their IPO launch within the next three years, the company is on point with a reported 100% revenue increase for fiscal year 2019. Catering to the underserved market in India, the fintech startup holds a steady focus on their offerings trifecta that seems to keep them well-positioned for success: digital payments, financial services and payments gateway. From YourStory.

India’s fintech companies to verify through eKYC. At least that seems to be the plan. The Department of Revenue in the finance ministry released a note outlining the potential for non-banking companies bound by the 2002 Prevention of Money Laundering Act to gain access to Aadhaar’s biometric-based database for eKYC customer verification. Permission will be contingent on compliance with Aadhaar’s privacy and security standards. From ET India

Industry News

Square: Square Releases New Survey Data that Reveals When Small Business Owners Predict the U.S. Will Be a Cashless Society

Payment Data Systems: Payment Data Systems and Pineapple Payments Announce Strategic Partnership Creating Best-in-Class Payments Technology

Nuvei Corp: Payments Tech Firm Nuvei to Buy Britain’s SafeCharge for $889 Million

Shopify: Shopify Opens New Office in Toronto with Plans to Double Local Workforce by 2022

Payrix: Payrix Hires Industry Veteran to Executive Team

Paytm: We Have Launched Our Paytm First Card, India’s First Unlimited Cashback Credit Card

Toast: Toast Expands Partner Ecosystem to Improve the Guest Experience and Streamline Operations for Restaurants of All Sizes Expanded Feature Allows Any Renter to Pay Any Landlord