Category: Business

New Worldpay Helps Create Global Opportunity for PFs

As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally.

But what does all this mean to payment facilitators?

PayPal Makes Swift Acquisition

Leading payment facilitator PayPal announced last week that it plans to acquire Swift Financial, which provides working capital to businesses through both loans and advances on future revenue.

As we’ve noted previously, many small businesses are turning to payment facilitators for their capital needs. And PFs are seeing this business as one opportunity to expand the ways they serve their merchant clients’ business needs, in an integrated environment that includes payment processing.

China Pushes Back on Cashless Trend

China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities.

But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.

PFs Key to Supporting QR Code Expansion

Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes.

The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.

Vantiv and Worldpay Reach Merger Deal

U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced.

The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.

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Vantiv

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