{"id":4135,"date":"2018-08-08T18:57:38","date_gmt":"2018-08-08T18:57:38","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4135"},"modified":"2023-02-13T09:28:31","modified_gmt":"2023-02-13T16:28:31","slug":"apple-trumps-paypal-and-square-stripe-is-justified-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/apple-trumps-paypal-and-square-stripe-is-justified-news-roundup\/","title":{"rendered":"Apple Trumps PayPal and Square; Stripe is Justified: News Roundup"},"content":{"rendered":"

PaymentFacilitator\u2019s<\/em> News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/strong><\/p>\n

 <\/p>\n

Big Brands Doing Big Things<\/em><\/h4>\n

Apple trumps PayPal and Square<\/strong> in payments! According to Apple CEO Tim Cook, Apple Pay transactions have tripled to more than 1 billion, exceeding Square and mobile transactions via PayPal. Could this mean Apple is going fintech? From Quartz<\/a>.<\/p>\n

Stripe is justified<\/strong>. The online payments company initially met with skepticism regarding its 2016 market valuation but has since justified its once seemingly high expectations. What provided the tipping point? Last year, the company began handling a large portion of Amazon\u2019s transactions. From Seeking Alpha<\/a>.<\/p>\n

 <\/p>\n

To Bank or Not to Bank <\/em><\/h4>\n

Square still interested in bank charter<\/strong>. But does it still make sense? Square CEO Jack Dorsey addressed this question in length during the company\u2019s earnings call. Possible challenges include the additional attention that will be required to deliver the projected growth rates for the company\u2019s proprietary prepaid products Square Cash and Cash Card. From Bank Innovation<\/a>.<\/p>\n

\u00a0<\/em><\/p>\n

The Digital Download<\/em><\/h4>\n

Payments industry expected to grow to $1 trillion by 2023<\/strong>. The National Institution for Transformation India has published a recent report on digital payment trends and in it predicts the payments industry in India will reach $1 trillion by 2023. Mobile payments are expected to contribute largely to this spike with payment volume slated to grow from $10 billion in 2017-18 to $190 billion by 2023. From Inc42<\/a>.<\/p>\n

Korea primed for QR<\/strong>. The Bank of Korea is developing a new payment platform that uses QR codes. Slated to be released the first half of next year, the new platform is expected to reduce retailer fees and expand the use of digital payment systems. From Korea JoongAng Daily<\/a>.<\/p>\n

WhatsApp launch stalled until local presence established<\/strong>. Facebook messaging app WhatsApp has been required to set up shop in India before it can introduce its integrated digital payments solution to the Indian marketplace. Of the various concerns surrounding the launch, the most prevalent is data security. From Business Standard<\/a>.<\/p>\n

\u00a0<\/em><\/p>\n

Industry News:<\/em><\/h4>\n

Shift4 Payments and Protel North America Announce New Partnership That Brings Integrated Solution to Hotels<\/strong><\/a><\/p>\n

ICBA Urges FDIC to Deny Nelnet [ILC] Application<\/strong><\/a><\/p>\n

Grab Announces US$2 Billion of Funds Raised in Current Financing Round<\/strong><\/a><\/p>\n

Warburg Pincus Invests in Procare Software<\/strong><\/a><\/p>\n

First Data and Community Brands Announce Strategic Payment Processing Technology Partnership<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

PaymentFacilitator\u2019s News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/p>\n","protected":false},"author":7,"featured_media":0,"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":[59,60,281,308,363,658,725,828,846,976],"class_list":["post-4135","post","type-post","status-publish","format-standard","hentry","category-archive","tag-apple","tag-apple-pay","tag-facebook","tag-first-data","tag-grab","tag-paypal","tag-qr-codes","tag-square","tag-stripe","tag-whatsapp"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4135","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=4135"}],"version-history":[{"count":2,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4135\/revisions"}],"predecessor-version":[{"id":9069,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4135\/revisions\/9069"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4135"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}