Finextra The UK Government has voted down a bill supported by 70 MPs to regulate buy now, pay later firms like Klarna, Laybuy and Clearpay.The amendment to the financial services bill was sponsored by Labour MP Stella Creasy, who referred … �

Pineapple Payments Pineapple Payments, a rapidly growing payments technology company based out of Pittsburgh, announced today that it acquired 1st Payment Systems. Based in Roswell, Georgia, 1st Payment creates comprehensive payment programs for associations and Integrated Software Vendors (ISVs) in … �

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Reuters PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments. … �

CNBC “Every company will be a fintech company,” Angela Strange, a general partner at famed Silicon Valley investor Andreessen Horowitz, declared early last year. Her comments reverberated through the fast-growing financial technology industry, and came as tech giants like Google … �

The Executive Interview Series provides readers with exclusive insights from movers and shakers in the payments industry. The Payments Industry is under continuous transformation, as such this series provides diverse perspectives on everything from strategy to payments technology and to … �

TechCrunch Visa and Plaid called off their agreement, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13th, 2020, or nearly … �

Bloomberg In a bid to better leverage its millions of customers, retail giant Walmart Inc. created a fintech startup to win more of their spending. The company has formed a partnership with Ribbit Capital, an investor in stock-trading platform Robinhood, … �

Click here to read TransactionWatch | Subscribe to TransactionWatch The beginning of the new year is off to a rapid start as it relates to M&A activity in the payments industry. This past week witnessed a flurry of new deal announcements across a … �

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The Strawhecker Group (TSG), the largest analytics and consulting firm focused on payments acceptance, is pleased to announce several new hires and promotions as the firm focuses on new solutions to support the payments industry. “Despite the difficulties we faced … �

Reuters PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday. Taxbit will use the cash … �

Article by Trevor Forbes, TSG’s Director of Market Intelligence The COVID-19 pandemic has clearly had a major impact on U.S. consumer lifestyles and purchase behavior, including how, when and where consumers are making purchases. Many consumers expect changes in their … �

TechCrunch Venmo announced it will begin to offer a new check cashing service, “Cash a Check,” in the Venmo mobile app. The feature, which is being rolled out to select users starting today, can be used to cash printed, payroll … �

Click here to view NewsFilter. The post China Tells Ant Group to Overhaul Business, Refocus on Payments appeared first on The Strawhecker Group.

Wirex Leading payments platform, Wirex, has become a principal member of Visa in Europe, a highly respected achievement for the London-based business with ambitious plans for 2021. Having successfully completed Visa’s FinTech Fast Track Programme, Wirex have secured the sought after principal … �

Mobile Payments Amelco, a turnkey solutions provider for the gaming industry and Paysafe, an integrated payments platform have partnered to integrate Paysafe’s payments technology into Amelco’s player account management platform. Through this integration, U.S. sportsbook clients can use a full … �

TechCrunch Bolt, a startup that offers online checkout technology to retailers, announced that it has added $75 million to its Series C round, bringing the financing to a total of $125 million. WestCap and General Atlantic led the new tranche, which … �

CoinDesk A surge in e-commerce and declining cash usage during the COVID-19 pandemic have boosted India’s state-led shared payments infrastructure. According to the National Payments Corporation of India (NPCI), the nation will have processed over $425 billion in commerce by … �

Click here to read TransactionWatch | Subscribe to TransactionWatch Activity remains resilient on the M&A front as we inch closer towards the new year. This week consisted of various deals within the merchant acquiring industry including Fiserv’s announcement to acquire Ondot Systems, a … �