{"id":4836,"date":"2020-04-01T17:28:19","date_gmt":"2020-04-01T17:28:19","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4836"},"modified":"2022-10-17T11:29:10","modified_gmt":"2022-10-17T17:29:10","slug":"covid-19-dominates-digital-payments-stripe-invests-in-fast-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/covid-19-dominates-digital-payments-stripe-invests-in-fast-news-roundup\/","title":{"rendered":"COVID-19 Dominates Digital Payments; Stripe Invests in Fast: News Roundup"},"content":{"rendered":"\n<p><strong>PaymentFacilitator\u2019s News Roundup is a curated mix of the\npast week\u2019s news and articles from around the web, including company\nannouncements, global payments news, and other coverage and analysis of topics\nrelevant to payment facilitators.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>COVID-19 Impact<\/strong><\/h4>\n\n\n\n<p><strong>The fitness industry is rallying. <\/strong>Gyms and studios\nare working hard to transition from in-person classes as the virus shuts down\ntheir facilities. Skyrocketing demand for online offerings is changing their\nbusiness models, with help from platforms like ClassPass and Mindbody. <em>From <\/em><a href=\"https:\/\/www.welltodoglobal.com\/how-the-fitness-industry-is-rising-to-the-covid-19-challenge\/\"><em>Welltodo<\/em><\/a>.<\/p>\n\n\n\n<p><strong>Online shopping up in Brazil. <\/strong>Unsurprisingly,\nBrazilians who are staying at home to avoid spreading the coronavirus are doing\nmore shopping online, according to a study from Compre &amp; Confie in\nconjunction with the Brazilian E-Commerce Association. The study reported an\n80% increase in supermarket shopping from the previous year, and an 111%\nincrease in health product purchases. <em>From <\/em><a href=\"https:\/\/menafn.com\/1099920592\/Quarantine-drives-up-online-shopping-in-Brazil\"><em>MENAFN<\/em><\/a>.<\/p>\n\n\n\n<p><strong>Endorsements for digital payments continue to pile up<\/strong>\nin light of the coronavirus outbreak. Among the latest to suggest that\nconsumers go cashless are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The\nNational Bank of Kazakhstan,<\/strong> which is recommending cashless payments to\nreduce human-to-human contact, noting that the risk of catching the virus from\nbanknotes themselves is low. <em>From <\/em><em>Kazakh\nTV<\/em><em>.<\/em><\/li><li>\u201c<strong>Banking and digital currency experts\u201d in\nMyanmar.<\/strong> These experts advised consumers to be careful handling cash. From The\nMyanmar Times.<\/li><li><strong>Sri\nLanka\u2019s banking and financial services industry.<\/strong> A collective effort is underway\nto board merchants onto digital platforms without requiring them to visit a\nbank. <em>From <\/em><a href=\"http:\/\/www.dailymirror.lk\/business__main\/Banks-gear-up-to-push-digital-transactions-to-allow-easy-purchasing\/245-185991\"><em>Daily\nMirror<\/em><\/a><em>.<\/em><\/li><li><strong>Amazon<\/strong>, which has stopped accepting\ncash-on-delivery as a payment method in India to minimize contact between\ndelivery staff and consumers. It also announced it would stop delivering\nnon-essential items. <em>From <\/em><a href=\"https:\/\/thetechportal.com\/2020\/03\/26\/amazon-stops-accepting-cash-as-a-mode-of-payment-in-india-to-prevent-covid-19-spread\/\"><em>The\nTech Portal<\/em><\/a><em>.<\/em> <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Startup Funding<\/strong><\/h4>\n\n\n\n<p><strong>Stripe invests in Fast.<\/strong> A startup called Fast\nrecently announced a $20 million investment from Stripe. Fast is building a\nuniversal login and checkout platform that will enable consumers to sign in to\nand make purchases through a single service. The funding round comes just a few\nmonths after the company\u2019s seed round in November. <em>From <\/em><a href=\"https:\/\/techcrunch.com\/2020\/03\/26\/stripe-leads-20m-series-a-into-fast-which-is-building-a-universal-checkout-service-for-e-commerce\/\"><em>TechCrunch<\/em><\/a><em>.<\/em>\n<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>QR Code Support<\/strong><\/h4>\n\n\n\n<p><strong>QR code platform supports long-term societal vision in\nQatar.<\/strong> The Qatar Central Bank is the latest to embrace the potential for QR\ncodes to help increase financial inclusion and grow electronic transactions.\nThe bank recently released specifications for an interoperable, national system\ncalled the Qatar Mobile Payment System. The platform will support retail as\nwell as peer-to-peer payments, transportation and withdrawals from mobile\nwallets. <em>From <\/em><a href=\"https:\/\/www.mobileworldlive.com\/money\/news-money\/qatar-unveils-national-mobile-payments-system\/\"><em>Mobile\nWorld Live<\/em><\/a><em>.<\/em> <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Industry news<\/strong><\/h4>\n\n\n\n<p>LegitScript: How\nto Spot Donation Scams Related to COVID-19 <\/p>\n\n\n\n<p>Wirecard: COVID-19:\nWirecard Launches \u201cInnovation for Now\u201d Initiative Together with Other Leading\nCompanies and Strengthens its Offerings for Affected Businesses<\/p>\n\n\n\n<p>Blackbaud: Blackbaud\nAnnounces New Measures to Support Customers and Global Community in Response to\nCOVID-19 Pandemic <\/p>\n\n\n\n<p>Toast: Toast\nAnnounces Rally for Restaurants to Support Foodservice Community During\nCOVID-19 Health Crisis <\/p>\n\n\n\n<p>BlueSnap: <a href=\"https:\/\/home.bluesnap.com\/snap-center\/blog\/press\/astound-commerce-and-bluesnap-launch-new-salesforce-commerce-cloud-payment-solution\/\">Astound\nCommerce and BlueSnap Launch New Salesforce Commerce Cloud Payment Solution<\/a>\n<\/p>\n\n\n\n<p>PatientPay: PatientPay\nOversubscribes $6M Funding Round<\/p>\n\n\n\n<p>RoadSync: RoadSync\nSecures $5.7M Series A Led by Base10 Partners<\/p>\n\n\n\n<p>Adyen: <a href=\"https:\/\/www.adyen.com\/press-and-media\/2020\/adyen-to-publish-covid-19-trading-update-on-april-21\">Adyen\nto Publish COVID-19 Trading Update on April 21<\/a><\/p>\n\n\n\n<p>NPCI: NPCI\nurges India to use digital payments to reduce social contact and contain\nCovid-19 outbreak<\/p>\n\n\n\n<p>PAR Technology: Area\nBusinesses Pledge $94,850 to Support Local Restaurants in \u201cTake Out the Virus\u201d\nCampaign <\/p>\n\n\n\n<p>Fattmerchant: <a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/03\/23\/2004807\/0\/en\/To-Further-Support-Small-Businesses-Fattmerchant-Adds-Virtual-Gift-Card-Offering-Through-Partnership-with-Gift-Up.html\">To\nFurther Support Small Businesses, Fattmerchant Adds Virtual Gift Card Offering\nThrough Partnership with Gift Up!<\/a><\/p>\n\n\n\n<p>PAR Technology: PAR\nTechnology Introduces PARk it&#x2122;: A Digital Contactless Ordering Solution for\nRestaurants <\/p>\n\n\n\n<p>Shift4 Payments: Shift4\nPayments Launches Shift4Cares.com To Raise Over $200 Million for Small\nBusinesses and Highlight Economic Impact of COVID-19<\/p>\n\n\n\n<p>Payroc: <a href=\"https:\/\/www.prweb.com\/releases\/payrocs_free_marketing_services_help_smbs_fight_for_survival\/prweb17012096.htm\">Payroc\u2019s\nFree Marketing Services Help SMBs Fight for Survival<\/a><\/p>\n\n\n\n<p>Grab: <a href=\"https:\/\/www.grab.com\/sg\/press\/others\/grab-announces-additional-covid-19-support-measures\/\">Grab\nAnnounces Additional COVID-19 Support Measures<\/a><\/p>\n\n\n\n<p>Paytm: <a href=\"https:\/\/blog.paytm.com\/we-have-revamped-paytm-ui-with-home-essential-payments-and-covid-19-information-centre-258a076906a8\">We\nHave Revamped Paytm UI with Home Essential Payments and COVID-19 Information\nCentre<\/a><\/p>\n\n\n\n<p>Paytm: <a href=\"https:\/\/blog.paytm.com\/we-seek-your-support-as-we-aim-to-contribute-rs-500-crores-to-pm-cares-fund-6c69a4262929\">We\nSeek Your Support as We Aim to Contribute \u20b9500 crores to PM CARES Fund<\/a><\/p>\n\n\n\n<p>Shopify: <a href=\"https:\/\/news.shopify.com\/shopify-capital-expands-to-the-uk-to-provide-immediate-relief-to-merchants\">Shopify\nCapital Expands to the U.K. to Provide Immediate Relief to Merchants<\/a><\/p>\n\n\n\n<p>BlueSnap: <a href=\"https:\/\/home.bluesnap.com\/snap-center\/blog\/press\/bluesnap-to-introduce-enhanced-payments-for-marketplaces-solution-that-boosts-how-b2cs-and-b2bs-do-business\/\">BlueSnap\nto Introduce Enhanced Payments for Marketplaces Solution that Boosts How B2Cs\nand B2Bs Do Business<\/a><\/p>\n\n\n\n<p>Walmart: <a href=\"https:\/\/corporate.walmart.com\/newsroom\/2020\/03\/27\/were-making-key-services-completely-contact-free\">We\u2019re\nMaking Key Services Completely Contact Free<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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":[103,107,192,195,229,646,725,793,846,889],"class_list":["post-4836","post","type-post","status-publish","format-standard","hentry","category-archive","tag-blackbaud","tag-bluesnap","tag-coronavirus","tag-covid","tag-digital-payments","tag-payment-facilitators","tag-qr-codes","tag-shopify","tag-stripe","tag-toast"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4836","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=4836"}],"version-history":[{"count":13,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4836\/revisions"}],"predecessor-version":[{"id":8942,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4836\/revisions\/8942"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4836"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}