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.Title: Stripe and Shopify 

Big Brands Doing Big Things

Google Pay India clocks more than 240 million transactions in May. And this puts the global giant in the lead for United Payments Interface (UPI) transactions. Other worthy contenders include Flipkart-owned PhonePe at 230 million and digital brand Paytm at 200 million. From ET Tech.

Fintech Forward

RBI eases fintech woes with offline KYC.Leveraging the capacity of the Aadhaar database, the Reserve Bank of India (RBI) has published guidelines for offline KYC. This is a big win for India fintechs as it significantly streamlines the customer onboarding process. The only requirement is the customers have to voluntarily use their Aadhaar numbers for identification purposes. From ET Rise.

The Quick Response Edit

MayBank QRPay user base tops 250,000. And the numbers are expected to keep growing. The Malaysia-based mobile payments platform has recently added several name brands in an attempt to grow their user numbers and it seems to be working. MayBank was the first bank in Malaysia to offer QR payments and with the upcoming additions of such global brands as McDonalds and Starbucks, their momentum seems to be just getting started. From Finextra.

BI launches proprietary QRIS code. With the goal of universalizing cashless payments in the country, Bank Indonesia has launched their much-anticipated Quick Response Indonesia Standard (QRIS). Utilizing a more complex QR pattern, QRIS enables users from one payment service to transfer funds to any rival service within BI’s network. From TheJakartaPost

Industry News

Adyen: Adyen Expands Its Global Payment Offering to Africa

Shopify: Shopify Unveils First State of Commerce Report

Stripe: SCA Study Forecasts €57Billion Loss in Economic Activity in Europe

PayPal: Ten Billion Dollars & Counting: Helping Small Businesses Globally

Stripe: Stripe Launches Chargeback Protection to Insulate Businesses from the Cost of Fraudulent Disputes

Paytm: We are India’s Largest Payment Gateway with Over 50 Percent Market Share

Paysafe: Consumers Reluctant to Swap Passwords for Biometrics for Fear of Identity Fraud

I3 Verticals: i3 Verticals Completes Pace Acquisition

BlueSnap: BlueSnap Brings New Global “Integrated Payments for Platforms” Product to Europe at Money20/20

SimpleLaw: SimpleLaw Announces Integration with LawPay’s Legal Payment Technology Solution

Payment Data Systems: Payment Data Systems’ Best-in-Class Payment Facilitation Technology Expands With the Addition of New Dealership-Focused Payment Acceptance Platform

Trustly: Forget OCR! Trustly Revolutionizes How to Pay Your Invoice