With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
Mastercard expands cryptocurrency program to allow more firms to issue cards on its network Inside Betterment’s move into banking with...
Adyen reported their first quarter results today, giving us a sense of the impact of COVID-19 on the payments space;...
London based Checkout.com has raised a record $230mn series A round, it was the largest early stage round for a...
Ebay dropped PayPal and turned to Adyen to be its primary processing partner; Banking Technology reports that eBay users “do not need to take any action at this time” as the “transition to full payments intermediation will be a multi-year journey”.; the deal will begin with a move in North America in the second half of 2018 before expanding in 2019. Source.
WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed and DAX 30 index component Wirecard “loses" $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering.
Adyen, the business platform for business payments, management, and planning, became the first fintech to launch Cash App Pay Thursday.
We have seen big changes in the payments landscape this year. Technologies such as contactless payments have seen five years...
With Wirecard causing major headaches for European fintech companies Revolut is one company poised to take advantage of the situation...
Adyen reported an 80% increase in 2016 payment transactions with transaction volume of $90 billion; the growth was attributed to partnerships with Uber, Spotify, Airbnb, Booking.com, Facebook, Twitter and LinkedIn; growth is expected to continue in 2017 with contributions from new in-store payment services which it expects to grow to 50% of its business; the firm also says the European Commission's Payment Services Directive 2 (PSD2) will help improve business for Adyen. Source