Digital Transactions Authoritative, insightful and timely information for payments professionals
- New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as a payment option.
- UnionPay International launched its “Mobile Phone as POS” technology in markets outside China. The technology enables off-the-shelf smart phones to accept payment cards.
- U.S.-based payments provider Flywire Corp. announced it has acquired WPM, whose software enables payments for universities and colleges in the United Kingdom. Flywire estimates payment volume in the U.K. education market at $30 billion. Terms of the deal were not disclosed.
- Payments provider Bango said it will support payments for lifestyle and well-being content on Pray.com beyond the U.S. market, where the partnership began.
- The buy now, pay later provider Afterpay Ltd. said it has signed Dick’s Sporting Goods for both in-store and online transactions.
- Technology firm Launchpad Technologies Inc. announced it has become an independent software vendor (ISV) in payments provider Chargebee’s Technology Alliance Program. ISVs embed payments capabilities into business software.
- Nextech AR said it has integrated Stripe into its events platform, Map Dynamics. The integration will allow Nextech to collect a 2% fee on top of booth sales for virtual and hybrid events, with Stripe taking 3%. The company has sold approximately $38 million in booth space this year.
- Bitcoin-platform provider NYDIG announced a $1-billion equity-funding round led by WestCap and with participation from Affirm, FIS, Fiserv, and others. The round values the company at more than $7 billion.
- Papaya, whose technology enables mobile bill payments, said it raised $50 million in a Series B round led by Bessemer Venture Partners.
- The U.S. Payments Forum released its latest Market Snapshot report.
Related Articles
Check Also
Holiday Shoppers Are Expected to Spend More This Year As the Season Gets Set To Kick Off
Consumers will spend a record $650 per person during Black Friday-Cyber Monday shopping events, a …