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- Apple Inc. which is celebrating the 10th anniversary of the introduction of Apple Pay, said the payments service is now supported by more than 11,000 banks and networks globally and has attracted “hundreds of millions” of users in 78 markets around the world. Buy now, pay later provider Klarna AB payment options are available in Apple Pay, too, joining Affirm Inc.
- In related news, Apple said businesses can now “manage the way they appear” to what it says are more than 1 billion Apple users on the company’s Apple Business Connect platform. The service embraces an array of apps, including Apple Maps, Wallet, and Mail.
- The Canada-based payments fintech Helcim announced it has introduced support for Tap to Pay on iPhone, a technology that lets merchants accept contactless payments directly on an iPhone.
- Technology investor Silverlake has agreed to acquire Zuora Inc., a billing and payments platform, for $1.7 billion in cash, or $10 per share. In the deal, Silverlake is partnering with an affiliate of GIC Pte. Ltd. The deal will take Zuora private.
- Payments platform Stripe Inc. is engaging in “advanced talks” aimed at acquiring Bridge, a stablecoin processor, Bloomberg reported. Stripe recently revived its USDC stablecoin business after shutting it down six years ago.
- The Brussels-based international payments network Swift announced 90% of the cross-border payments it handles are reaching the destination bank within an hour, well ahead of a Group of 20 goal of 75% by 2027.
- Discover Financial Services Inc. reported its payment services unit processed $100.5 billion in volume in the quarter ended Sept. 30, up 9% year-over-year. Volume on the Discover network dropped 4%, “reflecting a slowdown in Discover card sales volume,” according to the company. Volume on Discover’s Pulse EFT network climbed 14%. Revenue for the company as a whole grew 10%, to $4.45 billion, while net income ballooned 41% to $965 million.
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