PayPal's Sri Shivananda: "In LatAm, PayPal continues to grow our partnerships with marketplaces like MercadoLibre, who recently added PayPal as a checkout option in Brazil and Mexico."
Visa To Acquire YellowPepper, Strengthening Latin American / Caribbean Fintech Capabilities
YellowPepper will facilitate an easier integration to Visa Direct, Visa’s real-time push payments platform, Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network, and value-added services.
PayPal, Visa, Capital One, Barclays Named Financial Services Brands of the Year for 2018
In this year’s Harris Poll study, more than 77,000 Americans were polled in an extensive survey to determine the highest-rated brands in the United States.
PayPal Acquires Payments Processing Firm iZettle for $2.2 Billion USD
iZettle is targeted at small businesses and holds card payment processing market share in Europe and Latin America.
Confirmed: Amex Paid $13.3 Million USD to Acquire Digital Payments Startup Cake Technologies
In a transaction last year, credit card giant American Express acquired U.K. digital payments startups Cake Technologies, the global financial firm recently confirmed.
JPMorgan Chase Jumps Deeper into FinTech Game with Acquisition of WePay
WePay will continue to operate as a standalone company and receive additional resources from JPMorgan Chase to continue to grow.
Mobile Wallet Usage Has Nearly Tripled Among U.S. Consumers Since 2014
"What we are seeing is a tipping point regarding adoption," said Mark Ranta, head of digital banking solutions at ACI Worldwide.
Chinese Firms Adopting FinTech with More Urgency than Rest of the World
PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."
Apple to Launch Peer-to-Peer Payment Service Pay Cash to Compete with Venmo, Square Cash
"We use Apple Pay in apps, we use it in the web, and there was one final frontier we wanted to conquer," said Craig Federighi of Apple.
Starbucks Suffers Payment System Outage After Technology Update Gone Wrong
According to the coffee company, today's disruption was related to an internal technology update malfunction — not the global WannaCry cyberattack.
Bank of America Named Global Bank of the Year for Payments and Collections
Bank of American was honored by Treasury Management International for its "commitment to innovations that are driving a change in client behavior and opportunity."