The playbook for payment pages
Hi FinTech Fanatics,
Today’s #FinTechreport shines light at the checkout; what can businesses do to lower their cart abandonment rate and increase sales?
You can read all about it in PPRO’s new guide; “The playbook for payment pages”?
On to the other FinTech news!
NEWS HIGHLIGHT
Marqeta announces integration with Mastercard Track Instant Pay virtual card solution. This payment process will empower Marqeta customers to pay invoices more efficiently and access cost savings by avoiding costly check processing fees. Link here
BREAKING NEWS
PayPal readies for EU crypto push with Luxembourg roll out, which is an important step in PayPal’s mission to make digital currencies more accessible. Link here?
Coinbase CEO expects revenue to plunge over 50% on battered crypto prices. Analysts expect Coinbase's revenue to plunge 75% to $621.5 million in Q4, according to data from Refinitiv. Its shares have wiped away over 80% so far this year. Link here
The Central Bank of Nigeria has capped daily ATM withdrawals at $45 in order to encourage electronic payments, including the eNaira digital currency. The country is giving people until January to switch out their old paper money. Link here
“The playbook for payment pages,” is a PPRO’s comprehensive guide that provides tips from the payments pros on how to boost global sales. Check out the full report here???
INSIGHTS
MercadoLibre is in talks with Meta to process payments for its WhatsApp messaging service starting in Brazil, said CFO, adding that MercadoLibre is in the test phase to process Brazil WhatsApp payments. Link here
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FINTECH NEWS
Hawk:AI wins The FinTech Germany Award 2022. The leading provider of anti-money laundering surveillance technology for banks, payment companies, and fintechs, has won the coveted Fintech Germany Award in the “Early Stage” category. Link here
DIGITAL BANKING NEWS
Starling Bank adds free virtual cards for its customers free of charge, which will let users better track and control their spending, making it easier to stick to budgets. Link here
Zopa keeps hiring and boosts salaries amid fintech layoffs. The digital bank says no layoffs are on the horizon as it continues its mission to build the “best and most loved workplace” in the UK. Link here
领英推荐
ZELF, the bank of the metaverse, introduces anonymous Visa cards, which can be replenished by crypto, and can be used at 80 million locations worldwide, anywhere Visa is accepted. Link here
PARTNERSHIPS
Airwallex partners with Plaid to facilitate seamless payment experience. With the Plaid integration, Airwallex customers will also be able to instantly and securely verify their bank accounts in the US. Link here
Currencycloud upgrades SentBe’s global payments corridor. The partnership will improve the regional reach of SentBe's services, and will enable it to offer a wider range of solutions and choices to customers, including competitive FX rates. Link here
C6 Bank selects Thought Machine’s Vault Core for innovative products. An extensive testing and simulation phase is now in progress, proving Vault Core’s ability to run innovative financial products and scale as the bank grows. Link here
First Fidelity Bank launches digital wealth management services with Unifimoney. The partnership will enable the bank's customers to bank and self direct invest in traditional or alternative assets among other services to enhance customer experience. Link here
Adyen and Mirakl partner to deliver on their shared vision for the world's most successful marketplaces by powering frictionless buying and selling experiences at scale. This global partnership will serve customers around the world, including in Europe, North America, and Asia Pacific. Link here
M&As
Dutch Mail to Pay Group takes over Belgian peer POM as of December 5. Both companies go hand in hand focused on innovation. Based on the current run-rate, the combination is generating approximately 10 million euros in revenues. Link here
Andreessen Horowitz leads $43M Series A for Setpoint, which aims to be the ‘Stripe for credit’. The startup’s end goal is to make credit more widely available and the underlying assets and loans more liquid. Link here
Tapline lands €31.7m pre-seed funding, and plans to use the cash from the equity raise to make key hires as well as expand its product further, while its debt funding will allow it to distribute capital to both early and late-stage companies. Link here
TripActions secures $400M in credit facilities from Goldman Sachs and SVB. “We continue to grow at a rapid pace,” said TripActions EVP. “The facilities give us more ammo and buying power to bring on, and fund, more businesses as we’ve been scaling.” Link here
ShopBack raises $30m from Westpac as it gears up for IPO. The raise will be invested into launching new shopping products for users, developing growth and payments solutions, extending services to more markets and building capabilities for public market readiness. Link here
MOVERS AND SHAKERS
FinTech Australia adds strategic partnerships head as Monoova founder joins board. The company has appointed Rachel Hopping as its first head of strategic partnerships. General manager, Rehan DAlmeida said Hopping is a fantastic addition to their team. Link here
FinAccel appoints Slack’s former CFO Allen Shim. Allen’s experience will be beneficial to FinAccel as the firm revives plans for an initial public offering (IPO) in the next 12 to 24 months. Link here
This ends Your Daily Fintech News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost