Enabling Technologies

Optimal Payments is Buying Skrill Group, Which is Currently Valued at $1.2 Billion

Optimal Payments, a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group for an enterprise value of approximately $1.2 billion. The Skrill Group is one of Europe's leading digital payments businesses, providing digital wallet solutions and online payment processing capabilities. It...

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Enabling Technologies

Update: How Does Facebook P2P Actually Work?

A vast majority of Facebook’s 500 million monthly users are logged on to Facebook Messenger with about 80 million payment cards on file. Facebook’s recently launched P2P payments system is currently built entirely around the Messenger platform. Facebook’s P2P payments begins as a conversation within the Messenger app. Then, with...

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Payments

This Startup from Y Combinator’s Latest Batch Wants to Fix B2B Payments

Kickpay, a startup fresh from Y Combinator’s latest batch, is offering an open marketplace for financial assets, primarily focusing on outstanding invoices. Kickpay is offering a solution that will assist businesses in automatically selling their uncollected revenue. This basically means that if a company is performing a service or shipping...

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Blockchain

Goldman Sachs Says Bitcoin Will Redefine Payments

A report was recently released by the Goldman Sachs Group, Inc. research division titled The Future of Finance: Redefining the Way We Pay in the Next Decade. The report primarily discusses the future impact of bitcoins.  It highlights that bitcoins are expected to rise in popularity because the concerns around...

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Blockchain

Bitcoin Gets a Booster Dose in E-Commerce Adoption

Rakuten recently announced that it plans to enable customers to choose Bitcoin as a payment option by integrating Bitnet’s payment processing platform on a number of its marketplaces across multiple geographies. The internet services giant will begin accepting the new payment method first on Rakuten.com in the US, to be...

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Payments

Global Payments & Discover Financial Services Bring Streamlined Card Acceptance to Canadian Merchants

Today Discover Financial Services and Global Payments Inc., one of the largest worldwide providers of payment solutions, announced a streamlined acceptance solution for Discover cards for merchants in Canada. The new program will simplify acceptance of Discover, Diners Club International, PULSE and affiliated network cards for Global Payments’ merchants in...

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Payments

Remitly Raises $12.5 Million to Enhance its Remittance Services

Remitly, a popular online global remittance service, has announced that it closed a $12.5 million funding round. One of the investors was DFJ which led the round with participation from DN Capital and existing investors QED Investors and Trilogy Equity Partners. Remitly will use the fresh funds to expand its team, scale...

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