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- PayPal Holdings Inc. announced it has signed a commercial agreement with MercadoLibre, a major e-commerce marketplace in Latin America. As part of the deal, PayPal will become a payment choice in the Mercado Pago online checkout for customers in Brazil and Mexico, a move PayPal says could lead to PayPal users getting access to hundreds of thousands of new merchants. PayPal early in 2019 invested $750 million in the Argentina-based marketplace.
- While Jan. 2 historically has been seen as the biggest day for merchandise returns after the holidays, there are actually twice as many returns started the day after Christmas as the day after New Year’s Day, according to data tracked by Returnly Technologies Inc., a payments company specializing in the returns process. Fifty-six percent of consumers start the process on a mobile device, but for products costing $300 or more, 72% shift to a desktop computer.
- Cardknox Development Inc. said its payments gateway has completed certification with the Pax S920 wireless payment device.
- UnionPay International announced 4 million merchants outside China now accept UnionPay mobile payments, up from 3 million a year ago. All told, some 28.5 million merchants outside China now accept UnionPay cards.
- The backers of a cryptocurrency called Zcoin said it will be the first of its kind to use Receiver Address Privacy, a technology that allows users to share a single permanent address on the blockchain while masking transaction history.
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