PaymentFacilitator’sNews 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.

Digital Download

India officially launches new MDR policy. It’s official. As of November 1, no merchant discount rate (MDR) will be assessed on digital transactions originating from establishments with an annual sales exceeding the required threshold. The Reserve Bank India (RBI) and other local banks are slated to absorb the transaction costs. From The Economic Times

The Quick Response Edit

National QR standard now required in the Philippines. The Bangko Sentral ng Philipinas has enlisted the assistance of Philippine Payments Management Inc to develop a national QR standard for Filipinos. The goal being efficient and safe payment acceptance, this new QR code will be interoperable for acceptance locally and internationally. From Philstar Global

Going Global

Southeast Asia’s mobile payment brands compete for marketplace longevity. This report on the booming payments ecosystem says that the region currently has more than 150 e-wallet license holders. As usage of digital payments grows, competition is increasing for mobile payment brands looking to stake their claim. Some are building, others are acquiring and merging, but all are vying for a dominant position in the mobile payments space. From Reuters.

Pesos to Plastic

Mexican government drives cashless with new national program. The government has created cobro digital, or CoDi for short, in an effort to encourage locals to favor plastic over pesos. The CoDi program aspires to increase electronic purchases, increase the customer base for local fintechs, enhance tax collection efforts and reduce illicit commerce. From Bloomberg.

Power in Play

PayU courts MobiKwik for next serious relationship? Digital payments brand PayU may be looking to MobiKwik’s payments gateway for their next strategic move in what continues to be a highly competitive sector, although the companies deny that they are talking. Digital payments continue to flourish across the globe and the ecosystem grows more competitive every day. Acquisition of this business would also have Uber up for grabs as the platform currently uses MobiKwik for all card-based transactions. From ET Tech.

Paysafe may be slated for IPO. Reuters is reporting that private equity firms CVC Capital Partners Ltd and Blackstone Group Inc are getting plans together for an IPO of Paysafe Group Ltd. With an estimated value of more than $10 billion, Paysafe’s earnings are currently growing at double-digit speed and the company just launched its Mobile Pay POS in the U.S. this month. From Reuters.

Industry News

Celero Commerce: Celero Commerce Becomes Preferred Payments Partner of Tennessee Titans

PPRO: PPRO Expands Footprint in Asia with Direct Integration into Local Payment Method GrabPay

Mastercard: American Express, Discover, Mastercard and Visa Implement Click to Pay to Make Online Checkout Simple and Secure

Flywire: Flywire Expands Availability of New Payment Solution for Adventure Travel

MasterCard: Purpose-Driven Leaders Come Together from Across Sectors to Make More than $72M in Commitments to Inclusive Growth at Inaugural Summit

Razorpay: Customer Demand for Digital Payments Booming, Grew by 106% in the Last 9 Months: Razorpay’s ‘The Era of Rising Fintech’ Report

Mastercard: Mastercard Announces Partnerships to Provide Financial Inclusion Support to Women, Entrepreneurs and Smallholder Farmers

Blackbaud: Blackbaud Wraps Milestone bbcon, the Premier Tech Gathering for Social Good

PayPal: The PayPal Business Loan Launches in Canada for Small Business Owners