{"id":4908,"date":"2020-06-10T16:46:56","date_gmt":"2020-06-10T16:46:56","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4908"},"modified":"2022-08-09T11:28:39","modified_gmt":"2022-08-09T17:28:39","slug":"phreesia-reports-quarterly-earnings-shopify-coo-on-leveling-the-playing-field","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/phreesia-reports-quarterly-earnings-shopify-coo-on-leveling-the-playing-field\/","title":{"rendered":"Phreesia Reports Quarterly Earnings; Shopify COO on Leveling the Playing Field"},"content":{"rendered":"\n

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.<\/strong><\/p>\n\n\n\n

PF Quarterly Earnings<\/h4>\n\n\n\n

Phreesia grew revenue by 18% during its fiscal first quarter of 2021. <\/strong>The company announced revenue of $33.4 million, up from $28.3 million the previous year. It grew the number of provider clients it serves 5% to 1,632. According to its presentation to investors, the company earns more than 80% of its revenue from subscription fees and payment processing fees. More than 80% of its payment processing fees come from transactions it processes as a PF. From Phreesia<\/a>.<\/p>\n\n\n\n

Big Names in Big Markets<\/h4>\n\n\n\n

Google and Walmart leading India\u2019s mobile payments providers.<\/strong> Big companies are dominating the mobile payments market in India, with Google and Walmart (which owns PhonePe) on top. Google Pay reported 75 million transacting users last month, while domestic PF Paytm\u2019s userbase is going down. WhatsApp Pay, which is owned by Facebook is still facing regulatory hurdles. From TechCrunch<\/a>.<\/p>\n\n\n\n

Mastercard sees cash as its top competitor in Africa.<\/strong> The company\u2019s strategy for growing financial inclusion there involves supporting micromerchants with a \u201ccompletely new playbook\u201d than the company has used in places like Europe and the U.S., \u201cbuilt around innovative, interoperable, secure and low-cost platforms,\u201d Raghav Prasad Mastercard\u2019s division president for sub-Saharan Africa, said in an interview. From The Africa Report<\/a>.<\/p>\n\n\n\n

Shopify COO: company would be second largest online retailer if it aggregated all the businesses on its platform.  <\/strong>In an interview with CNBC\u2019s Jim Cramer, Shopify COO Harley Finkelstein talked about the tools the company offers to help \u201clevel the playing field\u201d for small underserved businesses, beginning with payments. Finkelstein notes that the volume of business on its platform gives it economies of scale and buying power it can put to work for its small merchant customers. From CNBC<\/a>.<\/p>\n\n\n\n

The New Normal<\/strong><\/h4>\n\n\n\n

Fintech companies in India are a bright spot in a gloomy economy.<\/strong> Payment and lending companies \u2013 including PFs Pine Labs and MobiKwik \u2013 expect to hire more than 1,000 people over the next year. An industry survey predicts that the need for professionals in this industry will grow by 42% this year. From Economic Times<\/a>.<\/p>\n\n\n\n

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

Innoviti: Innoviti Raises Funds to Fuel Its March Towards Profitability<\/p>\n\n\n\n

Infibeam Avenues: Infibeam Avenues Acquires 100% Stake in Cardpay Technologies Pvt Ltd Enters into Corporate Credit Card Issuance Business<\/p>\n\n\n\n

Amadeus: Amadeus and Troovo Team Up to Automate B2B Travel Payments<\/a><\/p>\n\n\n\n

Blackbaud: Blackbaud Customers Around the World Rely on Technology to Support COVID-19 Research and Innovation<\/p>\n\n\n\n

Visa: New Lockdown Habits Here to Stay: Majority Plan to Keep Spending More Frequently Online<\/a><\/p>\n\n\n\n

BlueSnap: BlueSnap Integrates with Splitit to Improve the Merchant and Customer Experience on Installment Payments<\/a><\/p>\n\n\n\n

Innoviti: Innoviti\u2019s AI Platform Sparcs to Provide Customers an X-ray View into Payment Operations<\/p>\n\n\n\n

Paytm: We Are Appealing to State Governments to Promote Safe Dining Experience with Scan to Order<\/a><\/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":[229,246,358,648,689,690,793],"class_list":["post-4908","post","type-post","status-publish","format-standard","hentry","category-archive","tag-digital-payments","tag-earnings","tag-google-pay","tag-payment-processing","tag-phonepe","tag-phreesia","tag-shopify"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4908","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=4908"}],"version-history":[{"count":5,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4908\/revisions"}],"predecessor-version":[{"id":8847,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4908\/revisions\/8847"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4908"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}