Category: Technology

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.

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.

Alibaba, Marriott Team to Improve Travel for Chinese Consumers

Chinese e-commerce powerhouse Alibaba has agreed to form a joint venture with Marriott International. The venture combines Marriott’s expertise in hospitality with Alibaba’s in digital retail. Alibaba will manage Marriott’s storefront on its travel services platform.

Consumers will be able to use Alipay at Marriott locations. And in true payment facilitator fashion, the agreement promises to use technology platforms to provide Chinese tourists with an integrated travel experience.

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