PayPal Completes Acquisition of GoPay

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay), following approval of the transaction by the People's Bank of China on September 30. With the close of the deal, PayPal is the first foreign payments platform licensed to provide online payment services in China.

LBG announces Eazy Collect as first PSP onto Gem

LBG announces Eazy Collect as first PSP client onboarded to Lloyds Bank Gem, the newest Cash Management and Payments Platform

Adyen Announces International Mobile App Payments Agreement with McDonald’s

Adyen's payments platform will begin roll out in the U.K. in Q1 2020 Adyen, the global payments platform of choice for many of the world’s leading companies, announced today that it has entered into an agreement to make Adyen’s payments platform available to McDonald’s markets globally, beginning with the U.K. early next year.

Biometric Payment Cards - Where Are We Now?

n 2018, we wrote: “Biometric smart cards are emerging as the next innovation in payment cards." Jump forward a year and NatWest called biometric payment cards “the biggest development in card technology in recent years” when announcing its pilot of the technology.

'Buy now, Pay later' Fintech Klarna to Enter New Markets in 2020

Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later’ service in the United States, CEO Sebastian Siemiatkowski told Reuters.

FIME Helps PAX Technology Achieve First Automated Mastercard Test Equipment Interface POS Compliance

FIME has performed the first automated Mastercard Test Equipment Interface (TEI) Level 2 payment terminal compliance test. Point of sale (POS) terminal provider PAX Technology fast-tracked commercial launch using FIME’s test tool and laboratory services. The automated process helped PAX Technology to reduce costs, development and compliance times by up to 50% for this and future projects.

Visa and MFS Africa Team on Digital Payments

Visa is joining forces with MFS Africa to simplify remittances and expand global e-commerce across Africa.

Mastercard Invests in Doconomy to Offer Cardholders CO2 Emissions Tracker

Announcing at the COP25 climate summit in Madrid, Mastercard has extended its collaboration with Swedish fintech Doconomy to offer cardholders carbon footprint tracking based on purchases made through the Bank of Åland’s cloud-based Åland Index.

Leading FinTech firm Thunes Clinches Payments License in Singapore

New regulatory approval extends Thunes’ licensing reach to enable further global expansion across Asia region

Revolut Launches GBP Direct Debit for European Clients

This new feature allows customers to make their regular GBP Direct Debit payments straight from their Revolut accounts. These payments could range from paying utility bills, subscriptions, invoices or gym memberships.

Super Processor Chooses TAS USA’s Card Payments Platform to Accelerate Innovation

TAS USA Inc., part of TAS Group today announced that it has signed a deal with Super Processor Inc., a full-service payment processor based in Hawaii, to provide its end-to-end card payments platform, CARD 3.0 I.E., and deliver innovative issuing and acquiring functionalities to cover the entire payments value chain.

SBC Wallet Cards Now Issued by Softbank

Softbank's SBC Wallet Cards (Softbank Card 3.0) will be officially released on November 27. SBC Wallet Cards improve the shortcomings of traditional wallets by providing better security and access. The SBC Wallet Cards utilizes its own encryption system, realizes multiple encryption mechanisms and can realize hot and cold wallet functions.

HSBC and RBS race to launch new digital banking platforms

UK banks HSBC and RBS are both set to launch new separate digital banking platforms.

American Express and Vitality Partner Up to Launch New Cashback Credit Card

American Express has partnered with a life insurance & investment company Vitality to create a new credit card that will reward Vitality members for physical activity.

PayPal to Buy Online Rewards Platform Honey for $4 Billion

PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals.

First Commercial Biometric Credit Card in Switzerland Issued through FPC, Gemalto, Visa Partnership

Swiss Corner Bank has launched a biometric credit card in partnership with Visa, Gemalto and Fingerprint Cards, which is the first limited commercial launch of its kind, according to an announcement from FPC.

Alipay's Target is to Serve 10m European SMEs by 2024

Alipay has set a target of supporting 10 million small to medium sized businesses in Europe over the next five years with new payment innovations and partner programmes.

Invisible Payments to Take The Stage as The New Commerce Norm

Payvision released a new ebook exploring the future of commerce payments. The research looks into how the next generation of payments is reinventing the shopping experience, giving merchants clear insight into key strategic retail trends.

Wirecard to Acquire China's Allscore Payment Services

Wirecard, the global innovation leader for digital financial technology, is investing in a comprehensive license portfolio for digital payments through an acquisition in China.

Revolut Opens Melbourne Office in Australia

The challenger bank Revolut will be operating as an electric money institution until gets an Aussia banking license