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.
Praise for Payments
The payments industry gets an upgrade. According to Morgan Stanley analyst James Faucet, investors “underestimate consumer-spending resilience and overestimate the risk of disruption” when it comes to the payments space. From Seeking Alpha.
Digital payments touted as most attractive market sector. According to CNBC’s Jim Cramer, digital payments are the most loved group in the market right now. The push towards cashless has sparked interest in investors and analysts alike and now, according to Cramer, the payments sector is “not just loved, it’s worshiped.” From CNBC.
Points for PayPal
PayPal offers roadmap for cross-border commerce. The global brand has just released their fourth-annual global cross-border commerce report, which serves as a roadmap for merchants to uncover new global selling opportunities. The goal? To help merchants increase sales and global reach. From PayPal.
Third Point casts vote of confidence and acquires stake in PayPal. The New-York based hedge fund holds an optimistic outlook for the ecommerce brand as it faces increasing competition in the marketplace. Third Point analysts speculate that PayPal stock could increase to $125 a share in the next 18 months. From Bloomberg.
Expansion and Acquisition
Walmart and Amazon competition intensifies – making a potential Shopify acquisition attractive. In an effort to stay competitive, retail giant Walmart has initiated a push of partnerships and acquisitions over the last several months. And according to analysts, the next most logical move might be a partnership with ecommerce leader Shopify. From Techcrunch.
Tencent expands WeChat services in U.S. marketplace. China-based Tencent recently announced expansion plans for its proprietary WeChat Pay payment services into the U.S. marketplace. Initial targets include larger merchants popular amongst Chinese tourists. From Tech Mag.