PayPal has partnered with Baidu to let Baidu Wallet users send payments to Paypal’s 17 million-strong merchants worldwide. Also in payments land, Stripe paid an undisclosed amount for Payable to bolster its tax reporting and contractor payments offerings; and Visa has made an investment in Marqeta, an existing Visa partner that has built a full-stack open API issuer processor platform.
This article was published as part of Weekly Briefing No. 91
The Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
