Brex, a Silicon Valley-based card and financial product company that serves businesses, is rolling out a new function whereby e-commerce merchants will be able to get paid immediately.
Read MoreChinese financial firm Ant Group, which oversees mobile payment platform Alipay is on pace to raise more than $34B in an IPO, when its shares begin trading in Hong Kong and Shanghai.
Read MoreJPMorgan Chase has launched a smartphone card payment reader called QuickAccept, along with free instant transfers to merchant accounts.
Read MorePayment processing giant Stripe has acquired Nigerian payments company Paystack, a 5-year-old company whose tech stack allows businesses to accept payments on websites and mobile apps.
Read MoreWalmart is channeling Amazon Go in its new store designs, including cashier-free checkouts where customers can pay with QR codes through the Walmart Pay digital wallet.
Read MoreFacebook this week announced it’s testing a feature called Account Center, through which users will be able to sign into Facebook, Instagram, and Messenger, and use a single Facebook Pay ID to make purchases within each of the platforms.
Read MoreContactless payments got a major boost this week through new features rolled out by Amazon and Square.
Read MorePassword manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.
Read MoreMastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.
Read MoreAs digital financial services get a boost during the pandemic, some of the key beneficiaries are payments companies.
Read MoreIndia’s central bank is taking applications from companies for efforts to set up a new umbrella entity for retail payments. The new organization could be a for-profit entity, and will operate alongside the bank-backed nonprofit National Payments Council of India (NPCI), which currently oversees retail payments in the country.
Read MoreSamsung Pay has launched Samsung Pay Card, a new Mastercard digital debit card for U.K. customers. Samsung Pay Card uses startup Curve’s card consolidation tools to allow consumers to use Samsung Pay Card for all purchases, supported by an underlying payment card of their choice.
Read MoreFacebook launched a new internal group called Facebook Financial to oversee payments and commerce initiatives, including Facebook Pay, a universal payments capability that it plans to include in all of its apps.
Read MorePayments company Square last week acquired commerce operations firm Stitch Labs, whose tools let businesses oversee inventory, orders, channel management, and fulfillment.
Read MoreThe 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.
