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- Boku Inc. launched what it says is the world’s largest mobile-payments network. The M1ST Payments Network reaches 5.7 billion mobile-payment accounts in 90 countries and offers more than 330 payment methods, the company says.
- Global payments provider Adyen NV said Just Eat Takeaway.com, an online food-delivery marketplace, will issue its prefunded Takeaway Pay Card on Adyen’s card-issuing platform. The card is aimed at employees to cover meal expenses.
- In related news, Adyen reported it processed volume of 216 billion euros ($252 billion) in the first half of the year, up 67% from the same period in 2020.
- E-commerce behemoth Amazon.com Inc. intends to open several large stores similar to department stores, The Wall Street Journal reported.
- Consumer satisfaction with credit cards has fallen over the past year, according to the J.D. Power 2021 U.S. Credit Card Satisfaction Study, with the average score dropping to 805 from 811 a year ago. American Express tops the list of issuers, with an 838 score, followed by Discover (837) and Capital One (815).
- Green Feather, a fintech focused on health care, rebranded itself as FeatherPay, adopting the name of it payments service.
- Buy now, pay later specialist Afterpay launched Afterpay iQ, an analytics platform for merchants, and Next Gen Index, a quarterly report on spending behavior by Gen Z and Millennial consumers.
- In related news, BNPL provider Splitit announced plans to promote its new Splitit InStore product, which serves customers shopping in physical stores.
- Tyler Technologies Inc. said the state of Idaho extended its government and payments services contract by two years. Tyler has provided the service to Idaho for the past 22 years.
- Karen Roter Davis has joined the board of directors of payments provider Shift4 Payments Inc. Davis is director of early stage products at X (formerly Google X).
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