Digital payment processor and registered payment facilitator PayPal has been gaining notoriety this year in stock share and overall market value. So much so, the payments platform has now surpassed AMEX in market capitalization.
As companies recognize the importance of the PF model, more legacy payments providers will likely bring products to market serving businesses that choose that route. Recently, payments processor Elavon became the latest to offer a program geared specifically to payment facilitators.
The interest in the market isn’t surprising, given the potential.
Visa makes an economic argument for embracing digital payments and reducing the use of cash in a new report, which estimates that electronic payments adoption could provide a net benefit of $470 billion (USD) per year across 100 cities.
Global card brand MasterCard has entered into a memorandum of understanding (MoU) agreement with Andhra Pradesh Electronic IT Agency. And this isn’t the only major card brand reporting news on Andhra Pradesh.
In a report published recently, Mastercard examines the barriers to financial inclusion in emerging markets and identifies ways forward to enable broader electronic payments acceptance. Payment facilitators are well positioned to help drive this effort.
MasterCard again partners with PayPal and GoFundMe partners with Adyen, while Blackbaud expands its offerings though JustGiving acquisition and Square receives unfavorable response from the ICBA. Here’s your weekly news roundup.
Checkout.com comes to Boston while new partnerships for Square and Wirecard enhance growth opportunities for cashless commerce. And a Pivotal investment drives its expansion efforts in fintech capabilities. Here’s your weekly news roundup.
Waud Capital Partners, a leading middle-market private equity firm, has announced their strategic partnership with Anovia Payments – an industry innovator in payment acceptance for small and medium-sized customers.
AliPay has launched in Canada and iZettle has received 36 million USD to boost its technologies, while BluePay partners with Datacap to expand EMV processing. We’ve been busy this week in the payments world. Here’s your weekly roundup.
Payment facilitators enable a more seamless merchant experience when it comes to payment acceptance. This is what you do for your customers. But what are some of the steps that you need to take to grow and strengthen your own bottom line?
As Square evolves its business, it shows other fintech companies what can be done when they think outside traditional payment solutions. So, what does the news last week about the company’s intent to apply for an industrial bank charter forecast for other payment facilitators?
Juniper Research has recognized two payment facilitators for their contributions to the industry in its 2017 Future Digital Awards for Commerce & Fintech. The annual awards recognize companies “at the forefront of new developments” in their categories, the research firm said.
As the payment facilitator model evolves, the card networks are increasingly embracing it as a driver of merchant acceptance globally. A recent rule change from Visa further affirms that PFs are in a solid position.