{"id":5111,"date":"2021-03-03T19:45:13","date_gmt":"2021-03-03T19:45:13","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=5111"},"modified":"2023-02-13T09:29:41","modified_gmt":"2023-02-13T16:29:41","slug":"klarna-valued-at-31-billion-eta-details-fintech-impact-on-financial-inclusion-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/news\/klarna-valued-at-31-billion-eta-details-fintech-impact-on-financial-inclusion-news-roundup\/","title":{"rendered":"Klarna Valued at $31 Billion; ETA Details Fintech Impact on Financial Inclusion: News Roundup"},"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

Global Growth<\/strong><\/h4>\n\n\n\n

Swedish payments provider Klarna was valued at $31 billion after raising $1 billion in new funding.<\/strong> That means the company, which specializes in the buy now, pay later (BNPL) space and also operates as a payment facilitator, is still the highest-valued private fintech company in Europe. The company is reportedly considering an IPO. From TechCrunch<\/a>.<\/p>\n\n\n\n

Buenos Aires-based ecommerce company and payment facilitator MercadoLibre plans to invest $1.8 billion in Brazil during 2021.<\/strong> This is the same amount it spent in the country over the past four years. The funds will be used to expand the company\u2019s logistics network there, it said. From Bloomberg<\/a>.<\/p>\n\n\n\n

Digital India<\/strong><\/h4>\n\n\n\n

Indian conglomerate Reliance Industries is teaming with payment facilitator Infibeam as well as tech giants Facebook and Google to build a national digital payment network in India.<\/strong> The Reserve Bank of India has invited companies to develop what it calls new umbrella entities (NUEs) to build payments networks with a goal of increasing competition there. The RBI is accepting applications until March 31. From Reuters<\/a>.<\/p>\n\n\n\n

Indian PF Paytm is in the payments volume lead there, processing 1.2 billion transactions in February.<\/strong> The company enables all kinds of digital payments including cards but also digital wallets and UPI transactions. From The Hindu BusinessLine<\/p>\n\n\n\n

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

Shopify: Getting Down to Business: Shopify and Kerwin Frost Inspire Young Creatives to Pursue Entrepreneurship<\/a><\/p>\n\n\n\n

Stripe: SaaS Giant Atlassian Selects Stripe to Create a Single Platform for Global Billing and Payments Across All of Its Cloud Product Offerings<\/a><\/p>\n\n\n\n

Electronic Transactions Association: Payments Industry Expands Access for Underserved Customers<\/a><\/p>\n\n\n\n

Wix: Wix Acquires SpeedETab to Strengthen Wix Restaurant Capabilities<\/a><\/p>\n\n\n\n

Cashfree: Cashfree Joins Hands with PayPal to Help Indian Businesses Sell to 350mn+ Customers Across 200 Markets<\/a><\/p>\n\n\n\n

OLB Group: OLB Group Simplifies Social Media App Payment Acceptance for Merchants<\/p>\n\n\n\n

RevSpring: Exceptional Engagement and Payment Improvements Seen for Healthcare Organizations Using PersonaPay™<\/a><\/p>\n\n\n\n

Paysafe: Paysafe Uses Snowflake to Power Cloud-based Approach to Data and Analytics<\/a><\/p>\n\n\n\n

USA Technologies: USA Technologies Announces $55 Million Common Stock Investment from Multiple Investors<\/p>\n\n\n\n

Visa: Visa\u2019s Mission to Digitally Enable Small Businesses Gains Momentum Across Europe<\/a><\/p>\n\n\n\n

BlueSnap: BlueSnap Revolutionizes Healthcare Payments with Speed and Simplicity<\/a> <\/p>\n\n\n\n

ACI Worldwide: ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic<\/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":[1014],"tags":[],"class_list":["post-5111","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/5111","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=5111"}],"version-history":[{"count":5,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/5111\/revisions"}],"predecessor-version":[{"id":9169,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/5111\/revisions\/9169"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=5111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=5111"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=5111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}