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August, 2021

• 23 August

  PayPal Expands Its Cryptocurrency Strategy Outside the U.S. With a Thrust Into the U.K.

  

  As part of its strategy to be a leader in digital currencies, PayPal Holdings Inc. on Monday announced it will enable users in the United Kingdom to buy, hold, and sell cryptocurrency through their PayPal wallets. The move marks the first expansion of PayPal support for cryptocurrency outside the United …
• 20 August

  E-Commerce Loses Some Momentum As Sales Slowed Down in the Latest Quarter

  

  The boom in e-commerce, which was touched off more than a year ago by the coronavirus pandemic, may be showing signs of losing steam. U.S. e-commerce sales in the second quarter totaled $222.5 billion, up 9.1% from the same quarter a year ago, according to numbers released Thursday by the …
• 10 August

  Paymentus Acquires Payveris To Build Out It Bill-Pay Platform

  

  Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, announced Tuesday it has agreed to acquire Payveris LLC, a digital money-movement platform, in a deal valued at $152.2 million. Paymentus will pay 56% of the purchase price in cash and the remainder in Paymentus Class A common stock. The acquisition …
• 6 August

  Paya Looks to M&A, ISVs, And ACH for Growth As It Reports a Strong First Quarter

  

  Paya Holdings Inc. hasn’t let up on its search for growth via acquisitions as it plays to its strengths in integrated payments and automated clearing house processing.  The Reston, Va.-based company reported early Friday a record-high $10.7 billion in payment volume for the first quarter, a number that doesn’t include …
• 2 August

  Square Is Set to Become an Overnight Force In BNPL With Its Afterpay Acquisition

  

  Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL.  Square on Sunday announced it was acquiring Afterpay, …

July, 2021

• 29 July

  Mastercard Outlines a Strong Quarter As It Pursues Strategies in Crypto, 5G, And Open Banking

  

  As they have for rival Visa Inc., transaction volumes are continuing to improve for Mastercard Inc. as world commerce stages its recovery from the impact of the pandemic. “The strong momentum we started the year with accelerated this quarter,” chief executive Michael Miebach said Thursday morning during a session with …
• 22 July

  Visa Agrees to Lay out Nearly $1 Billion to Acquire Britain’s Cross-Border Specialist Currencycloud

  

  Visa Inc. has been concentrating on building out its “network-of-networks” strategy for some time, and it’s latest move in that project came early Thursday with the news that it has agreed to acquire Currency Cloud Ltd., a London-based developer of application programming interfaces that can simplify cross-border payments. The deal values …
• 15 July

  Jumping on the Contactless Trend, Intuit Tries Again to Penetrate the POS Market

  

  Sensing that consumers’ growing preference for contactless-payments options will be permanent, Intuit Inc. on Thursday introduced its QuickBooks Card Reader for small businesses. The terminal, which integrates with QuickBooks Payments, supports what Intuit calls smart-tipping functionality. Businesses can customize three tipping options that are displayed on the card reader as …
• 14 July

  Trust And Security Could Be Big Hurdles As Apple Prepares Its Entry Into BNPL

  

  For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure.  Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …
• 6 July

  Eye on Acquiring: EVO Links With KAL for ATMs in Europe, While Square Kicks off in France

  

  Atlanta-based EVO Payments Inc. is working with global ATM technology provider KAL to allow banks and independent ATM deployers to quickly set up ATMs anywhere in Europe. The new service combines Germany-based KAL’s ATM software with EVO’s payments network, the parties said Tuesday. “We have created a highly efficient method …