{"id":4736,"date":"2019-11-13T20:12:26","date_gmt":"2019-11-13T20:12:26","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4736"},"modified":"2023-01-18T09:50:36","modified_gmt":"2023-01-18T16:50:36","slug":"usa-technologies-up-25-in-revenue-growth-paytm-2-in-cashless-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/usa-technologies-up-25-in-revenue-growth-paytm-2-in-cashless-news-roundup\/","title":{"rendered":"USA Technologies Up 25% in Revenue Growth; Paytm #2 in Cashless: News Roundup"},"content":{"rendered":"\n

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\n\n\n

Public PF Quarterly Results <\/em><\/em><\/h4>\n\n\n\n

USA Technologies reports 25.7% revenue growth year over year.<\/strong>\u00a0The company earned a total revenue of\u00a0$42.1 million, with 80% of revenue from recurring license and transaction fees.\u00a0\u201cWe are pleased to report record quarterly revenue led by an expanding customer base and strong growth in connections,\u201d said\u00a0Don Layden, USA Technologies\u2019 interim chief executive officer.\u00a0From\u00a0USA Technologies.<\/p>\n\n\n\n

Payments to Prosperity<\/em><\/h4>\n\n\n\n

Indians link financial services with greater prosperity.\u00a0<\/strong>According to a recent survey conducted by PayU, as many as three in five Indians (79%) believe that readily available access to financial services has increased their prosperity. In addition, more than 75% believe financial services can help them plan for future prosperity. The PayU global survey polled perceptions of prosperity across 18 different high-growth financial markets. From\u00a0IBS Intelligence.\u00a0<\/p>\n\n\n\n

Cash Still King<\/em><\/h4>\n\n\n\n

Cash still king despite demonetization efforts<\/strong>. Three years after the Indian government initiated its push towards demonetization, currency in circulation (CIC) has jumped to an all-time high. And while the data suggests several anomalies present in the trend, the numbers show a 25.63% jump in CIC compared to November of 2016. What could be the reason? From\u00a0The Indian Express<\/a>.<\/p>\n\n\n\n

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

Paytm second in line for most preferred cashless service.\u00a0<\/strong>Japan\u2019s QR-based payments arm of Paytm, PayPay, launched in October of 2018 and has become the second most preferred cashless service in just one year. In partnership with SoftBank and Yahoo Japan, PayPay is on its way to super app status with multiple services that include food, travel, transportation and more. From\u00a0Financial Express.\u00a0<\/p>\n\n\n\n

WordPress.com introduces recurring payments, in partnership with Stripe<\/strong>. Already supporting a large segment of self-employed artists, news publishers, game developers and creators, WordPress.com is enhancing their product offering with recurring payments. Now, users can benefit from a subscription feature available on their personal website for repeat contributions from their customers. From\u00a0Techcrunch<\/a>.<\/p>\n\n\n\n

The Quick Response Edit<\/em><\/h4>\n\n\n\n

PayNow adopts universal QR code.<\/strong>\u00a0In an effort to enhance convenience and ease, PayNow has joined the entities in Singapore using one universal QR code that combines multiple digital payment solutions. With this code, consumers and businesses can now make all e-payments via one interface and avoid the necessity for multiple QR codes for payment remittance. The Singapore Quick Response Code (SGQR) can be scanned through consumer banking apps and still enables payment via PayNow. From\u00a0The Straits Times<\/a>.\u00a0\u00a0<\/p>\n\n\n\n

Industry News <\/em><\/h4>\n\n\n\n

Boost: Boost Payment Solutions Collaborates with J.P. Morgan to Offer Fully Integrated Automated Payments<\/a><\/strong><\/p>\n\n\n\n

Toast: Toast Announces the Launch of Toast Capital to Provide Restauranteurs with Access to Fast, Simple, Flexible Funding<\/strong><\/p>\n\n\n\n

FIN: FIN Supports FedNow,\u00a0\u00a0Urges Federal Reserve to Act Quickly<\/strong><\/p>\n\n\n\n

PayPal: PayPal mCommerce Study: Mobile, Trust & Social Buying Top-of-Mind<\/a><\/strong><\/p>\n\n\n\n

FreshBooks: FreshBooks Announces Same-Day Deposits for Small Business Owners<\/a><\/strong><\/p>\n\n\n\n

Phreesia: Phreesia and Lafayette General Health Partner to Deliver a Better Patient Experience<\/a><\/strong><\/p>\n\n\n\n

Mastercard: Mastercard Launches Fintech Express in Asia Pacific; Rapyd Onboarded as the First Fintech Partner to Join the Program and Obtain an Issuing License<\/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.<\/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":[145,222,657,666,668,690,725,726,838,846,889,933],"class_list":["post-4736","post","type-post","status-publish","format-standard","hentry","category-archive","tag-cashless-payments","tag-demonetization","tag-paynow","tag-paytm","tag-payu","tag-phreesia","tag-qr-codes","tag-qr-based-payments","tag-standardized-qr-codes","tag-stripe","tag-toast","tag-usa-technologies"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4736","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=4736"}],"version-history":[{"count":6,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4736\/revisions"}],"predecessor-version":[{"id":9032,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4736\/revisions\/9032"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}