Digital Transactions Authoritative, insightful and timely information for payments professionals
Shift4 Payments Inc. early Tuesday said it has concluded agreements to acquire international e-commerce acquirer Finaro and cryptocurrency-based donation platform Giving Block in deals valued at $875 million in cash and stock, including future earnout provisions. The latter deal has already closed, while Allentown, Pa.-based Shift4 expects to close the …
March, 2022
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1 March
DoorDash To Acquire Restaurant Tech Firm and other Digital Transactions News briefs from 3/1/22
Delivery platform DoorDash Inc. said it has agreed to acquire Bbot, a provider of online and in-store ordering and payments technology for restaurants. Terms were not announced.A survey from PCI Pal of 1,100 Canadian consumers found that 85% said trust in an organization’s ability protect personal data and secure payment processes is of the …
February, 2022
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28 February
Australia’s Zip Beefs Up in the U.S. Market With a $355.5 Million All-Stock Deal for Sezzle
Australian fintech Zip Co Ltd. is poised to expand its buy now, pay later services through a definitive agreement to acquire Sezzle Inc. in an all-stock deal that values Sezzle at $355.5 million, or 491 million in Australian dollars (AUS). The deal is expected to significantly expand Zip’s presence in the …
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28 February
Co-Op Rebrands as Co-Op Solutions and other Digital Transactions News briefs from 2/28/22
Co-op Financial Services, which operates a network of 30,000 ATMs for credit unions, has rebranded as Co-op Solutions.Processor Evertec Inc. announced an extension of agreements with Banco Popular de Puerto Rico, which includes a 10-year extension of a merchant acquiring independent sales organization agreement. Evertec also announced it was acquiring BBR SpA, a Chile-based …
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25 February
MoneyGram Posts $1.3 Billion in 2021 Revenue and other Digital Transactions News briefs from 2/25/22
MoneyGram International Inc., which is being acquired by private-equity player Madison Dearborn for $1.8 billion, said it had fourth quarter revenue of $324.6 million, a 0.4% increase from $323.3 million in the 2020 fourth quarter. Net income for last quarter of 2021 was $4.2 million, a 37% decrease from $7.3 million …
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24 February
How Block’s Afterpay Deal Could Energize Its Seller And Cash App Businesses At the Same Time
With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
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24 February
Tipalti Volume Tops $36 Billion and other Digital Transactions News briefs from 2/24/22
Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
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23 February
EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A
EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions. “As we move further into 2022, we look forward to closing our acquisition in Greece …
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23 February
TreviPay To Acquire Baton Financial and other Digital Transactions News briefs from 2/23/22
Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …
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22 February
Klarna Expands Rewards Program and other Digital Transactions News briefs from 2/22/22
Buy now, pay later specialist Klarna AB said it is expanding the geographic reach of its rewards program and its Pay Now service. The rewards program will be available in nine countries, with Pay Now expanding to nine new countries beyond the current base in the U.S. and U.K., where the immediate-payment …
