{"id":4425,"date":"2019-01-30T19:11:32","date_gmt":"2019-01-30T19:11:32","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4425"},"modified":"2022-08-09T11:28:17","modified_gmt":"2022-08-09T17:28:17","slug":"stripe-valuation-skyrockets-mastercard-and-visa-compete-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/stripe-valuation-skyrockets-mastercard-and-visa-compete-news-roundup\/","title":{"rendered":"Stripe Valuation Grows; Mastercard and Visa Compete: News Roundup"},"content":{"rendered":"\n

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

Big Brands Getting Bigger<\/em><\/h4>\n\n\n\n

Multi-billion-dollar\nStripe just got more valuable. <\/strong>The notable payments startup just raised an\nadditional $100 million from Tiger Global Management \u2013 bringing its overall\nvaluation to an impressive $22.5 billion. Additional investments from notable\nbrands and moguls include Google\u2019s venture arm Capital G, Elon Musk and Peter\nThiel (just to name a few). From CNBC<\/a>.<\/p>\n\n\n\n

Mastercard and Visa compete for Earthport acquisition<\/strong>. Both citing cross-border expansion for the motivation behind the purchase, the global brands are both vying for the British payments company. Visa kicked off with an offer of roughly $260 million and MasterCard called with a counteroffer of $305 million. It\u2019s Visa\u2019s play now. From Reuters<\/a>. <\/p>\n\n\n\n

Global Perspective<\/em><\/h4>\n\n\n\n

China expected to\nsurpass U.S. as world\u2019s largest retail market<\/strong>. A recent report predicts\nthat retail sales in China will increase by 7.5% to $5.6 trillion this year,\nwith the U.S projected at a 3.3% increase to $5.5 trillion. What could be the\nreason? The country\u2019s growing middle class and emphasis on a consumer-driven\neconomy are listed as the main drivers. From USA\nToday<\/a>.<\/p>\n\n\n\n

From Cash to Cashless <\/em><\/h4>\n\n\n\n

A call to cash in\nCanada?<\/strong> Just on the heels of the country\u2019s legalization of recreational\ncannabis, the Office of the Privacy Commissioner offered the following advice: \u201cIf you are wary\nof leaving a track record of your purchases, try buying marijuana with cash\nrather than a credit card.\u201d Anonymity is one of the reasons cash continues\nto hang on. Will it ever go away completely?  From The Globe and Mail<\/a>. <\/p>\n\n\n\n

Can India\u2019s next budget help incentivize\ndigital payments in rural economies?<\/strong>\nWhile cash continues to be the preferred method of payment for India\u2019s semi-rural\nand rural economies, concessions are being made to encourage a cashless shift.\nUpgrading the current infrastructure, offering more support to existing\nnetworks and even tax incentives are some of the considerations the industry is\nsuggesting for the interim budget. From Entrepreneur\nIndia<\/a>.<\/p>\n\n\n\n

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

Payworks Launches\nFirst Android-based Terminal on Pulse Gateway<\/strong><\/a><\/strong><\/p>\n\n\n\n

PCI Security\nStandards Council to Host Inaugural India Data Security Industry Forum and\nTraining in Delhi in 2019<\/strong><\/a><\/strong><\/p>\n\n\n\n

Mobeewave Increases Series B Round with\nInvestment from Samsung Venture Investment Corporation<\/strong><\/strong><\/p>\n\n\n\n

USA Technologies, Inc. Appoints Interim Chief\nFinancial Officer<\/strong><\/strong><\/p>\n\n\n\n

Wirecard and Westpay Start Partnership to Expand\nDigital Payments Across the Nordics, Further Europe and South Africa<\/strong><\/a><\/strong><\/p>\n\n\n\n

Mercator Advisory Group Releases Comprehensive\nPredictions for Major Trends in U.S. Payments<\/strong><\/a><\/strong><\/p>\n\n\n\n

Mobile Wallet Market to Surpass $250bn by 2024:\nGlobal Market Insights, Inc.<\/strong><\/a><\/strong><\/p>\n\n\n\n

Wirecard Launches API Management and Developer\nPortal for Clients<\/strong><\/strong><\/p>\n\n\n\n

Fundbox Brings the Speed, Convenience and\nCertainty of B2C Transactions to the World of B2B by Extending Fundbox Pay into\nCheckout<\/strong><\/a><\/strong><\/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.\ufeff<\/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":[146,502,828,846,933,951,981],"class_list":["post-4425","post","type-post","status-publish","format-standard","hentry","category-archive","tag-cashless-society","tag-mastercard","tag-square","tag-stripe","tag-usa-technologies","tag-visa","tag-wirecard"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4425","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=4425"}],"version-history":[{"count":4,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4425\/revisions"}],"predecessor-version":[{"id":8810,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4425\/revisions\/8810"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4425"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}