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.

Fintech Fundraises

London-based TapSimple has raised £900 thousand to support development of a technology platform that allows nonprofits to accept donations digitally. The company has seen increased demand for its digital fundraising tools. Last year, it introduced a virtual event platform that included video conferencing, ticketing and an online donation solution. From BusinessMatters.

Payment startup Payoneer is going public through a merger with special purpose acquisition company (SPAC) FTAC Olympus. The deal puts the value of the merged company at $3.3 billion, with Payoneer receiving about $300 million from investors including Wellington Management and Franklin Templeton as part of the deal. Payoneer provides a cross-border payments platform to a customer base of about four million. From Reuters.

COVID Impact

Consumers in Ireland spent more than €1 billion using contactless payments during December, the highest monthly amount ever recorded. According to Banking & Payments Federation Ireland, 2.1 million people per day used some sort of contactless payments. Much of the increase can be attributed to the effect of the pandemic and the fact that the Irish government increased limits on contactless transactions from €30 to €50. From The Journal.

Forced to adapt quickly because of the coronavirus, the restaurant industry is undergoing a technology transformation. Implementing digital services hasn’t traditionally been a focus for many restaurants, which prefer to focus on their in-person interactions. But the need to find low- or no-touch ways to deliver service has changed all that. Many restaurant investments in new technology have gone toward deploying contactless payments. From Restaurant Dive.

Choices in China

Accessing online services – including payments – through their mobile phones is a way of life for consumers in China, with 85% of online users making payments online as well. PayPal recently entered this active market with its acquisition of GoPay, but it won’t find success guaranteed. While the market is big, it’s crowded with domestic competitors who have already gained a foothold. The company is likely to focus its attention there on cross-border payments. From China.org.

Industry News

PAR Technology: PAR Technology Adds Contactless Payment Provider Dash Now to Growing Brink POS® Integration Partner Ecosystem

ParkMobile: ParkMobile Launches New Mobile Web App for Contactless Parking Payments

VEON: VEON and Mastercard Enter into Global Partnership to Boost Digital Financial Services

Paysafe: Paysafe Expands Partnership with Virginia Lottery Through Income Access Deal

Visa: Small Businesses Score Big on Super Bowl Sunday with Visa Offer

Visa: Visa and SkipTheDishes Deliver Real-Time Payments via Stripe

VIP Integrated Payments: VIP Integrated Payments and Mindover Software Announce Credit Card Processing Strategic Alliance

Intuit: Intuit Acquires OneSaas to Accelerate the Integration of Third-Party Ecommerce Solutions with the QuickBooks Platform

Visa: TransferWise and Visa Announce Global Partnership Following Successful Collaboration on Cloud Technology

Grab: Grab Closes US$2 Billion Term Loan Facility

RunSignup: RunSignup | GiveSignup’s Annual RaceTrends Report Shows 48.1% Participation Decline, Gradual Recovery

PAR Technology: PAR Technology Adds Craftable to its BRINK POS® Integration Ecosystem

PNC Bank: PNC Bank Announces Definitive Agreement to Acquire Tempus Technologies, Inc.

Scalapay: Scalapay Raises $48M to Give Thousands of Merchants a Single Payment Solution & Access to 1M Merchant Referrals

PayPal: PayPal Collaborates with Actor Neil Patrick Harris to Help Consumers Navigate Safe In-Store Shopping

CORE Business Technologies: CORE Business Technologies Acquires Electronic Payments and Web Solution Companies

Payroc: Payroc Announces Integrated Partnership with illion Digital Tech Solutions