Saturday , September 14, 2024

Affirm Metrics Outperform and other Digital Transactions News briefs from 3/14/22

  • Buy now, pay later specialist Affirm Inc. said its fiscal quarter-to-date financial metrics exceeded its expectations, leading it to revise its financial outlook. Affirm on Feb. 10 had expected its gross merchandise volume to be no more than $3.71 billion, but now says it will be at least that much.
  • Aplazo, a buy now, pay later platform in Mexico, said it will launch Mastercard Inc.-branded virtual cards in Latin America for consumers to use with BNPL purchases.
  • MoneyGram International Inc. said late Friday it is suspending operations in Russia, following a similar decision hours earlier by rival money-transfer network Western Union.
  • Feedzai Inc., a risk-management platform for e-commerce transactions, said it grew annual recurring revenue 40% in 2021, and ended the year with a count of more than 900 million consumers protected, up from 800 million a year earlier.
  • CarNow, an e-commerce-based automobile dealer, said it is working with Cion Digital to allow customers to buy or finance vehicles using cryptocurrency through CarNow’s Real-Time Retail platform.
  • Hargreaves Lansdowne plc, said to be the biggest investment platform in the United Kingdom for private investors, has selected U.S.-based payments-technology provider Bottomline to support cloud-based business payments.
  • NCR Corp. said it is the largest supplier in the global point-of-sale software market for retail and hospitality merchants, citing research by RBR.

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