Having splashed out $2.2 billion on iZettle, PayPal is continuing its spending spree on new technology with the acquisition of Simility, a fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management [...]
India (27%), Philippines (51%), Colombia (45%) the UAE (33%) and China (27%) are some of the fastest growing e-commerce markets in terms of percentage growth, according to the latest worldwide study by PPRO Group. Perhaps not surprisingly, 40% of the world’s e-commerce sales are made in China, so retailers need to look for new ways [...]
NatWest is reported to be trialling a new payments system with Carphone Warehouse enabling consumers to make e-commerce transactions directly with NatWest Pay from their bank accounts without the need to type in debit or credit card numbers. Currently the NatWest Pay trial appears to be limited to iPhones, when it comes time to pay [...]
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A report published today by payments processor RS2 warns that the payment industry must consolidate omni-channel payments, card payments, and direct-from-bank Open Banking payments into new ‘Open Payments’ platforms to meet the demands of connected customers and the retailers serving them. The report, Open Retailing and Open Banking—Payments Industry Challenges, examines the trends and technologies [...]
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A multi-billion-euro merger has been formalised between two of Europe’s largest payments groups – the latest in a series of major deals in the rapidly-consolidating industry. Nets and German group Concardis announced plans to combine to create a group with €1.3bn in annual revenues and around €500m in EBITDA. The agreement comes less than a year after [...]
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