Wirecard Joins Forces with Grab; UnionPay Pilots QR Codes in UAE: News Roundup

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.

Licensing Shakeups

California releases draft rules defining “agent of a payee” exemption. Understanding the state-by-state requirements mandating which types of companies must comply with money transmitter laws – and which are exempt – is a headache for many payment facilitators. California is one step closer to more clarity within its own laws, possibly with a broader exemption than before. From JD Supra.

Nigeria’s central bank planning licensing reorg. In hopes of streamlining the country’s licensing structure for payments companies, Nigeria’s central bank expects to roll out a reorganized framework soon. Will the revised structure support or hinder innovation in the space? From TechCabal.

Fundraises and Acquisitions

PF Nayax announces acquisition. Israeli payment facilitator Nayax announced that it has acquired Modularity Technologies Ltd., a company that develops payment clearing technologies and systems. Like Nayax, Modularity is based in Tel Aviv. From CTech.

Rental software provider Goodlord raises fresh capital. Goodlord, a London-based startup offering solutions for the rental market, recently announced a £10 million fundraise. The company is turning itself around after layoffs in 2018. The cloud-based software offering is primarily focused on facilitating real estate transactions such as contracts and rent collection. The company is geared to solving existing landlord / tenant issues, such as using technology to help landlords comply with U.K. regulations about tenant fees and providing tenants with dedicating account numbers for paying their rent. From TechCrunch.

Product News

PF Paytm keeps rolling with integrated small business solutions. Indian PF Paytm has recently been busily rolling out business solutions for small merchants as part of its app. The company is trying to make it easier for merchants to track and collect outstanding payments within one centralized system. It plans to keep adding to its suite of business solutions over the coming months. From The New Indian Express.