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.
Expansion and Acquisition
Shopify moves from online to in-person. The global online brand has purchased retail space in Los Angeles to service their merchants in real time and in person. The goal? To provide an offline storefront that offers merchants the ability to tap into live education and community opportunities that enable them to enhance their skills and grow their business. From Shopify.
Grubhub uplevels with LevelUp. In an effort to upgrade their delivery business, Grubhub has purchased LevelUp for $390 million cash. The acquisition will enable the company to uplevel its integration to restaurant POS systems with LevelUp’s platform that caters to digital ordering, payments and loyalty. From Techcrunch.
Indonesia opts for QR code standardization. Bank Indonesia (BI) is working diligently to hit its target for QR code payment standardization, which is targeted to launch this year. The main motivation, according to BI electronification and national payment gateway executive director Pungky Purnomo, is to “ensure that the infrastructure would not be dominated by certain providers.” From The Jakarata Post.
OCC accepting applications. The Office of the Comptroller of the Currency announced this week that it will begin accepting applications from fintech companies for a special purpose national bank charter, first proposed in December 2016. From OCC.