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.
Big Brands Getting Bigger
Square Online Store is back online. After acquiring website builder Weebly about a year ago, the global brand has relaunched the Square Online Store. Weebly founder David Rusenko (who now runs Square’s ecommerce efforts) talks about the store in this interview. Another outside-the-box move for Square, Square Online Store targets retailers looking to bridge the online/offline world with a more comprehensive offering. From Tearsheet.
Razorpay India launches payment pages targeting SMEs. Razorpay just announced the launch of Razorpay Payment Pages. Targeting India’s biggest business segment (small and medium-sized enterprises), the new product offers payment pages that can be created in less than 5 minutes and have the ability to go live without any customer support. Additional benefits include no hosting costs, maintenance charges or fixed fees. From ET Rise.
Cashless ensures growth for India, Mastercard says. Cashless has become a buzzword among Indian locals and has significantly jumpstarted India’s economy with a momentum that shows no signs of slowing down. In fact, cashless acceptance has grown almost three times in less than three years – to the tune of more than 5 million acceptance locations at the end of last year alone, according to this article from an SVP at Mastercard. From Financial Express.
India to surpass UK for fraud?That’s the forecast from research firm Gemini Advisory. They predict that India is likely to surpass the UK this year as the second-most targeted country for payment card fraud. More than 3.2 million Indian payment card records were compromised in 2018 and this year looks to top even that due largely to “inadequate defense against cyber-crime at financial institutions in the country.” From Reuters.