PaymentFacilitator’s News 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.
New York-based payment facilitator OLB Group announced its third quarter results. The company reported revenues of $6.9 million for the 9 months ending Sept. 30. The company also raised $6.4 million in capital during the third quarter. From OLB Group.
India’s Infibeam Avenues said it had processed its highest-ever digital payments volume during the quarter ending Sept. 30. The payment facilitator also reported that its revenue was up 50% from the previous quarter. From The Economic Times.
CVS Pharmacy is the first national retailer to adopt PayPal QR code technology at its retail stores at the U.S. The point-of-sale technology works with both PayPal and Venmo to expand contactless options as the pandemic drives consumer interest in touch-free payments. CVS has seen a 43% increase in contactless transactions since January. From TechCrunch.
Indian PF Paytm likes its chances against the global tech companies vying for a piece of the country’s payment market pie. According to the company’s president Madhur Deora, the company is “quite fortunate” to be able to compete effectively in the market, with a “built for India” strategy. He cites the company’s 50% share of the country’s payments and its position as a super app that offers a wide variety of services to consumers as evidence that it has what it will take to come out ahead. From CNBC.
Industry News / Press Releases
Square: Square Unveils Square KDS, a Kitchen Display System for Square for Restaurants Subscribers
Shopify: A World of Opportunity: Shopify Launches Partnership with Alipay to Help Merchants Access New Global Consumers
Toast: Introducing Toast Go® 2 and Toast Order & Pay®: Contactless Suite Empowers Restaurateurs to Keep Guests Safe and Grow Average Check Size to Navigate This Winter
Mastercard: Mastercard Advances Multi-Rail Strategy to Modernize Business Payments
Mastercard: Mastercard Enables Google Pay Rollout Across Europe
Payments Canada: Surge in Electronic Payments – Representing Around 77 Per Cent of All Transactions, Reports Payments Canada
Boost Payment Solutions: Boost Payment Solutions and GHX Team Up to Drive Cost Savings to Healthcare Organizations
Amadeus: New Consumer Research Reveals How Technology Can Boost Traveler Confidence and Accelerate Demand
Flywire: Flywire Releases Playbook to Help Travel Companies Accelerate Growth in 2021
Juniper Research: Online Physical Goods Global Transaction Values to Grow to $4.4 Trillion by 2025; Accelerated by COVID‑19
Shopify: Digital Down Under: Shopify Helps Small Businesses in Victoria Through New Government Program
USA Technologies, Inc.: Empire Vending Leverages USA Technologies’ Platform as a Service to Improve Efficiencies and Cashless Payments Adoption
Paysafe: Payment Security Remains Primary Concern for Online Retail
Visa: Visa Fintech Partner Connect Launches in Europe to Enable Next Generation of Digital Payment Experiences
RunSignup: Organizations Raise More than $30 Million on RunSignup | GiveSignup’s Challenge Platform
RunSignup: RunSignup’s RaceDay Scoring Releases Intelligent Dashboard
Blackbaud: Blackbaud to Announce Long-Term Financial Goals and Strategic Outlook
Blackbaud: Blackbaud Social Good Startup Program Supports Emerging Companies to Drive Innovation
Checkout.com: Connected Payments: Seizing Opportunity in MENA and Pakistan Report Launch