On Monday, Dec. 7, Paysafe confirmed a merger with a special purpose acquisition company (SPAC) backed by investor Bill Foley, Foley Trasimene Acquisition Corp II – a deal that valued the payments platform at $9B.

Stripe, a firm whose tools allow merchants to accept payments, is partnering with Goldman Sachs and Citibank on a business bank account offering for their clients, the Wall Street Journal reported.

Stripe, whose technology allows merchants to accept payments, is in talks regarding a new funding round, Bloomberg reported, citing unnamed sources.

A revamped Google Pay app rolling out this week will include bank accounts, peer-to-peer payments, and personal finance features.

This week, pharmacy retailer CVS announced that customers can use Venmo and PayPal QR codes on their phones to pay for goods at stores.

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.

Chinese 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.

JPMorgan Chase has launched a smartphone card payment reader called QuickAccept, along with free instant transfers to merchant accounts.

Payment 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.

Walmart 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.

Facebook 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.

Contactless payments got a major boost this week through new features rolled out by Amazon and Square.

Password manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.

Mastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.