MasterCard again partners with PayPal and GoFundMe partners with Adyen, while Blackbaud expands its offerings though JustGiving acquisition and Square receives an unfavorable response from the ICBA. Here’s your weekly news roundup.

MasterCard and Paypal expand into a global partnership. According to MasterCard, the two payment leaders have now expanded their partnership to include Europe, Canada, Latin America, the Caribbean, Africa and the Middle East, following an expansion into APAC earlier this year.

Similar to previous agreements, the site also states that PayPal Wallet will now offer MasterCard as an equal payment option – including the ability for customers to choose the card brand as their default method of payment during the checkout process. Banking apps are also included with the ability to offer MasterCard as part of the PayPal checkout suite. And, PayPal will now be able to offer Masterpass to those eligible customers that process payments via Braintree, as well as a more secure checkout experience for everyone with the ability to use their tokenized MasterCard at the point of purchase.

GoFundMe partners with Adyen to offer MarketPay to its growing customer base across Europe and the US. Adyen, a payments solution that offers the ability to accept payments and grow revenue both in store and online via one single system, recently announced MarketPay – a streamlined end-to-end payments solution for the online marketplace.

Adyen also reports that GoFundMe, the world’s largest personal fundraising platform, will now be “leveraging MarketPay to allow users to donate to both local and global merchants with a variety of currencies, all securely and seamlessly, and increase the speed in which fundraisers collect donations.”

Trulioo, a global identity verification service, now offers real-time Global Business Verification to more than 80 countries worldwide, according to the company. Offered via the GlobalGateway platform, Global Business Verification enables customers to know the ins and outs of who they choose to initiate business with. This includes specifics on everything from fraudulent behavior and criminal activity to money laundering and tax evasion.

As stated by the company, the goal of Global Business Verification is to provide organizations with “an innovative, effective and low-cost way to perform due diligence on business entities around the world.”

Another powerful payments partnership is in discussion between Singapore and Thailand. According to, the Monetary Authority of Singapore (MAS) and the Bank of Thailand are contemplating a merger of their national digital payment systems – specifically, Singapore’s PayNow and Thailand’s PromptPay.

This recent announcement comes as part of an effort to promote cashless commerce in the surrounding areas, though discussions are still in the preliminary stage. The same online publication references a Bloomberg interview with Naphongthawat Phothikit, director of payment systems policy at the Bank of Thailand. In this interview, Phothikit explains the need for Thai banks to strengthen digital payments “to ensure they can compete with potential challengers from abroad, including Alipay and WeChat, which currently serve only Chinese tourists in Thailand.”

Blackbaud expands TeamRaiser and everydayhero offerings through JustGiving acquisition. According to Blackbaud, a leading cloud software company, it recently completed the purchase of the U.K.-based peer-to-peer fundraising platform, JustGiving.

Blackbaud said that leading nonprofit organizations currently use Blackbaud’s TeamRaiser and everydayhero to connect with their financial supporters. The addition of JustGiving to the Blackbaud portfolio will not only expand the company’s reach into the U.K. market, but it will also add the capability for individuals to raise funds for other individuals. Blackbaud also noted that the acquisition is “in line with its broader commitment to help customers respond to and leverage technological social change.”

Global digital payments volumes are on the rise due to the Increased digitization of corporate B2B payments. This is according to the World Payments Report (WPR) 2017, released Monday by Capgemini, a global leader in technology, consulting and outsourcing services. And according to the WPR, global cashless commerce increased in transaction volume by 11.2 percent during the 2014-15 time period – this increase representing the highest growth for cashless in a decade. And the trend is continuing.

The WPR 2017 predicts a continued rise in digital payments due to the increased digitization of corporate business-to-business (B2B) commerce with virtual cards, a cloud-based accounting and finance system and the digitization of daily invoicing.

Square continues its application for a banking charter with an unfavorable response from the ICBA. As previously reported, innovative payments leader Square is petitioning for an industrial bank charter to enable the company to offer loans and deposit accounts for small businesses.

While some argue that it makes sense for Square to retain control over its lending products, the Independent Community Bankers of America do not agree. In fact, the ICBA said it has made a petition to the Federal Deposit Insurance Corporation to not only deny Square’s application but to also institute a two-year moratorium on ILC deposit-insurance applications. The ICBA explains that “Square’s application as an Industrial Loan Corporation is designed to avoid legal prohibitions and restrictions under the Bank Holding Company Act.”