PayPal Rolls Out QR Codes; Shopify Launches New Products: News Roundup

PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

Digital Download

Alipay’s parent company Ant Financial is bringing investment dollars to Myanmar. The company is investing in Digital Money Myanmar, a joint venture between a local holding company and a Norwegian mobile carrier. The company operates a remittance platform called Wave Money, which it plans to expand into a broader digital payment platform. From Nikkei Asian Review.

COVID Impact

The pandemic has helped PayPal attract a new demographic group: “silver tech.” The company’s CFO, John Rainey told a conference recently that Americans over 50 were its fastest growing market segment from March to April. The growth in transactions from this group helped it achieve “pre-COVID levels” in payment volume, and the company thinks the trends are sustainable, he said. From CNBC.

Payment volume in India has fallen year over year. Indians have cut back on spending across the board during the pandemic. Payments there in March fell 46% from the same time last year. Wallet usage declined 22% and card payments also fell dramatically. From Times of India.

Industry News

PayPal: PayPal Rolls Out QR Code Payments for a Touch Free Way to Buy and Sell In-Person

Shopify: Shopify Announces Major Product Launches and Updates at Virtual Event Reunite, Including Shopify Balance and Shop Pay Installments

Shopify: Shopify Partners with Facebook to Help Businesses Launch Branded Facebook Shops

FIS: Manage Your Business On the Go with iQ Now from FIS

USA Technologies: USA Technologies Holds Successful First Virtual Unattended Retail Summit with Over 1,000 Registered Participants

Blackbaud: Blackbaud Releases First Look Data at Companies’ Corporate Social Responsibility Response to COVID-19

RealPage: RealPage Modern Message Resident Engagement Delivers Huge Advantage to Properties

ParTech: PAR Technology and REVOLUTION Join Forces to Help Table Service Operators Adapt to a Changing Industry

RunSignup: RunSignup Announces RaceJoy Anywhere for Virtual Events

PayU: PayU Launches Initiative to Support Residential Societies Collect Dues Amidst COVID-19 Pandemic

Stripe: Stripe’s First Negative Emissions Purchases

Braintree: New Fraud Protection: Powered by PayPal and Braintree Network Intelligence and Industry-Recognized Machine Learning