E-commerce

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Splitit enables banks to offer in-checkout instalment payments

/payments

Splitit enables banks to offer in-checkout instalment payments

Card-linked instalment payments platform Splitit has launched FI-PayLater for banks and card issuers.

Klarna sells virtual shopping business Hero

/payments

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

TokenEx and Ixopay to merge

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

Lloyds warns against fraudsters on Booking.com and Airbnb

/crime

Lloyds warns against fraudsters on Booking.com and Airbnb

With summer holidays on the horizon, Lloyds Bank is cautioning customers against scams as they book their vacations.

Embedded Finance market to be worth $22bn by 2028

/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

Worldpay partners Mastercard to fight payment fraud

/security

Worldpay partners Mastercard to fight payment fraud

Worldpay is set to offer Mastercard’s Ethoca Alerts to its one million merchants worldwide, helping them resolve transaction disputes faster and with fewer chargebacks.

UK set for soaring digital wallet adoption

/payments

UK set for soaring digital wallet adoption

The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay.

MPE 2024: Tokenisation in the ecommerce space

/retail

MPE 2024: Tokenisation in the ecommerce space

In a panel discussing tokenisation, panellists Suzana Kordumova, product manager at Netcetera, Stephan Hackenberg solution sales director at Giesecke+Devrient, Matteo Gamba, head of product - global payments and fraud at Wayfair, and John Noltensmeyer CISO at Tokenex spoke on network tokenisation and what tokenisation can do for merchant payments.

Rabobank and iDeal bid to smooth online payments

/payments

Rabobank and iDeal bid to smooth online payments

Dutch payments firm iDeal has partnered Rabobank to pilot a feature that makes it easier to make purchases at online stores.

JPMorgan plans major roll out of biometric payments

/payments

JPMorgan plans major roll out of biometric payments

JPMorgan Chase is planning a broad roll out of biometric payments with US retailers by early next year, enabling shoppers to make purchases by scanning their palms or faces.

MPE 2024: What does a smart city look like?

/payments

MPE 2024: What does a smart city look like?

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

PPRO raises €85 million

/payments

PPRO raises €85 million

E-commerce payments firm PPRO has completed a dual tranche funding round totalling €85 million.

PayPal launches payment suite for SMEs

/payments

PayPal launches payment suite for SMEs

PayPal has launched a complete suite of payment processing tools for online small businesses in the UK, Canada and across more than 20 European markets.

Google Pay to shut down in the US

/payments

Google Pay to shut down in the US

Google is rejigging its mobile payments services again, killing off Google Pay in the US in favour of Google Wallet.

PayNearby launches Digital Naari programme to support underserved women in India

/inclusion

PayNearby launches Digital Naari programme to support underserved women in India

Indian digital banking platform PayNearby has announced Digital Naari, an initiative designed to generate self-employment opportunities across rural and semi-urban areas in India.

Checkout.com hit by over £100 million in losses

/payments

Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

Klarna rolls out autofill consumer verification data service

/payments

Klarna rolls out autofill consumer verification data service

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

Citi taps ChargeAfter for POS instalment loan product

/payments

Citi taps ChargeAfter for POS instalment loan product

Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.

Amazon and SellersFi partner to offer sellers credit lines

/retail

Amazon and SellersFi partner to offer sellers credit lines

Amazon is teaming up with SellersFi to offer sellers on its platform credit lines of up to $10 million.

Amazon Mexico adds Kueski BNPL payment option

/payments

Amazon Mexico adds Kueski BNPL payment option

Amazon has added buy now, pay later outfit Kueski as a payments option for shoppers in Mexico.

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