{"id":2929,"date":"2017-04-12T22:47:23","date_gmt":"2017-04-13T03:47:23","guid":{"rendered":"http:\/\/paymentfac.wpengine.com\/?p=2929"},"modified":"2022-02-24T22:10:26","modified_gmt":"2022-02-24T22:10:26","slug":"acquisition-news-mastercard-stripe-and-flipkart-make-moves","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/acquisition-news-mastercard-stripe-and-flipkart-make-moves\/","title":{"rendered":"Acquisition News: Mastercard, Stripe and Flipkart Make Moves"},"content":{"rendered":"

A handful of big-name acquisitions have dominated headlines this week. <\/strong><\/p>\n

The U.K.\u2019s Competition and Markets Authority cleared the way for Mastercard\u2019s acquisition of VocaLink<\/strong>, announcing on Tuesday that the companies had adequately addressed competition concerns about the purchase.<\/p>\n

\u201cWe have the opportunity to extend everything that we\u2019ve accomplished with cards to bank account-based payments and redraw the lines of what\u2019s possible in commerce,\u201d Michael Miebach, chief product officer, Mastercard, said in a statement. \u201cWe\u2019ll make it more inclusive, by expanding access to electronic payments. We\u2019ll break down barriers, by innovating across payment types and payment flows. We\u2019ll make it faster, bringing additional real-time payment options to more places and across more devices.\u201d<\/p>\n

As PaymentFacilitator.com has previously reported, the deal is significant for extending Mastercard\u2019s reach into bank account-based payment. VocaLink\u2019s Faster Payments ACH platform powers real-time payments in the U.K., Singapore, and Thailand, with the service coming to the U.S. later this year, Mastercard said.<\/p>\n

In a very different kind of acquisition, Indie Hackers <\/strong>announced<\/a> that it was being bought by leading payment facilitator Stripe<\/strong>.<\/p>\n

Indie Hackers is a web site dedicated to building a community of entrepreneurs where founders of successful businesses share their stories.<\/p>\n

In a statement, Indie Hackers founder Courtland Allen said that Stripe was interested in Indie Hackers because it\u2019s geared toward helping businesses grow.<\/p>\n

\u201cUnlike a lot of startup communities, Indie Hackers is firmly about businesses that generate real revenue and the entrepreneurs behind them. These contributors can provide Stripe with better insights into the needs and challenges faced by people who often don’t have the luxury of VC funding,\u201d Allen wrote.<\/p>\n

And finally, leading Indian online marketplace and payment facilitator Flipkart announced this week that it had raised $1.4 billion in investments from Tencent, eBay and Microsoft. The deal with eBay includes Flipkart\u2019s acquisition of eBay India<\/strong>, the company said. Flipkart and eBay also signed a cross-border trade agreement in which customers of each site would have access to inventory from the other\u2019s sellers.<\/p>\n","protected":false},"excerpt":{"rendered":"

A handful of big-name acquisitions have dominated headlines this week.<\/p>\n

The U.K.\u2019s Competition and Markets Authority cleared the way for Mastercard\u2019s acquisition of VocaLink, announcing on Tuesday that the companies had adequately addressed competition concerns about the purchase.<\/p>\n","protected":false},"author":7,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[315,502,846],"class_list":["post-2929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","tag-flipkart","tag-mastercard","tag-stripe"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/2929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=2929"}],"version-history":[{"count":2,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/2929\/revisions"}],"predecessor-version":[{"id":7989,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/2929\/revisions\/7989"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=2929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=2929"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=2929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}