Digital Transactions Authoritative, insightful and timely information for payments professionals
- Afterpay, the buy now, pay later service owned by Block Inc.’s Square, is the one most used by Gen Z consumers—those between 18 and 25 years old—according to a survey from Insights in Marketing, a marketing consultancy, with 58% of them having used Afterpay. Next was Klarna at 44%; Affirm 29%; PayPal, 27%; ShopPay, 19%, Zip, 17%; Quadpay, 13%; and Sezzle, 10%.
- Prepaid card provider Paysign Inc. said it is working with EvoShare, a microsavings-oriented fintech, to allow Paysign to provide additional cash back rewards through its Paysign Pays Cashback Rewards program.
- UATP, a payment network for airlines, announced it has assumed processing responsibility for a portion of WestJet’s business.
- In related news, W2 by WorldTicket, a ticketing platform for airlines, said it has reached a record 97 clients globally. The company was founded in 2002.
- Thirty-one percent of consumers surveyed by CoinZoom, a cryptocurrency exchange, feel more positive about giving and receiving gift cards this holiday season than they did prior to the pandemic. The online survey had 4,000 respondents.
- New York City-based Payoneer Inc. said it received in-principle approval from the Monetary Authority of Singapore as a major payment institution license holder. Once received, the license will enable Payoneer to extend services such as mass payouts and card offerings.
- Prepaid card platform Blackhawk Network said it has agreed to support sales of gift cards from furniture retailer IKEA U.S. at third-party merchants.
- Canada-based payments provider OTT Pay has launched an integration with commerce platform Shopify Inc.
- TurboTenant Inc., provider of software that handles rent payments and other functions for landlords, announced it has exceeded 500,000 clients. The company was founded in 2015.
- Visa Inc. pledged to invest $1 billion over five years to help build modern economies in Africa.
Related Articles
Check Also
ParTech Beefs Up Its Marketing Mojo With Its Bridg Acquisition
Retail technology provider PAR Technologies Inc. has acquired the Bridg point-of-sale marketing platform from Cardlytics …