Paytm is reportedly overhauling its wealth management operations as the FinTech aims to fast-track profitability. Part of the plan also involves the Indian company hiring more than 15,000 contract salespeople to add more merchants to its network, founder and CEO Vijay Shekhar Sharma told Bloomberg News in an interview posted...
Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa continue to operate as an independent company with its own infrastructure, though Visa will expand Prosa’s offerings with new digital...
PayPal and SAP have launched an expanded integration to simplify digital payments for SAP customers. The collaboration involves the creation of a digital payments plug-in for the PayPal Braintree platform, which is built on SAP Business Technology Platform (SAP BTP), the companies said in a...
X, formerly known Twitter, has been laying the groundwork state by state to move further into money movement. In doing so, the social media stalwart underscores the appeal of branching out into financial services holds for digital-only firms. But there are challenges in place in...
Physical commerce, via face-to-face, card-present payments, is largely a smooth experience, Swee-May Ngeow, vice president of North America client strategy and solutions at Visa, told PYMNTS in a recent interview. But digital commerce, she said, marked as it is by transactions initiated remotely, “is all...
Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing payments on things like mortgages and business loans, the Financial Times reported Sunday (Dec. 3),...
Innovations shape the way businesses engage, transact and thrive. If they didn’t, they wouldn’t be advancements; they’d be duds. But sometimes even the most promising advances, such as the ongoing digital transformation of commerce and payments, need a little push forward from the macro environment....
The payments industry is undergoing a transformation, largely driven by the rise of payment facilitators, or PayFacs. These entities streamline the acceptance and processing of digital payments for software platforms, business solutions and eCommerce marketplace sellers that are aiming to seamlessly embed payments into their...
Adyen will hold an investor day this week following a massive price drop earlier this year. And as Bloomberg News reported Tuesday (Nov. 7) investors are calling for a “clear blueprint” from the Dutch payments FinTech can right itself. “Investors will need to leave the investor day feeling...
