As PaymentFacilitator.com previously reported, Square released its earnings report last week, again beating analyst expectations. Following on the heels of that report, we take a look at how other companies that have embraced the payment facilitator approach fared during the last quarter.
Visa Europe streamlines commuter payment acceptance and Shopify offers business owners the ability to view online customer commerce in real time. Klarna partners with Nets to offer a pay later solution for offline storefronts and Ayden partners with Yandex.checkout to enhance online commerce in Russia.
Stripe has invested in a U.K. mobile banking startup while Facebook brings its P2P payments to two new countries. And a U.S. banking regulator again challenges the conventional wisdom behind current regulations prohibiting non-bank entities from offering banking services. Here’s your weekly news roundup.
Adding to the wave of payments providers looking to strengthen their integrated payments offerings, recent payments startup Pineapple Payments announced on Friday that it has acquired payment facilitator Payline Data Services.
Scan to pay is gaining traction in the payments ecosystem while even some charities are cashing in on cashless. And, tech giant Google takes on India’s payments market with 7.5 million downloads of its payment app Tez in just one month.
After a series of partnership announcements, PayPal has turned its attention to new solutions to drive the value it provides to diverse kinds of merchants, according to announcements the company made this week.
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.