{"id":4567,"date":"2019-05-08T17:50:04","date_gmt":"2019-05-08T17:50:04","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4567"},"modified":"2023-02-13T09:29:08","modified_gmt":"2023-02-13T16:29:08","slug":"mastercard-announces-1-billion-investment-facebook-versus-paytm-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/mastercard-announces-1-billion-investment-facebook-versus-paytm-news-roundup\/","title":{"rendered":"Mastercard Announces $1 Billion Investment; Facebook Versus Paytm: 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

Big Brands Getting Bigger <\/em><\/p>\n\n\n\n

Mastercard announces $1 billion investment. <\/strong>And not in a company, but a country. The global brand has announced a $1 billion investment strategy to develop India as a global technology node. About $300 million of that is slated for the delivery of payment processing capabilities. From The Hindu. <\/p>\n\n\n\n

Snap and Shopify join forces <\/strong>on behalf of small business. The goal? The two brands have come together to simplify the process for smaller businesses to purchase platform ads. With this new functionality, merchants will be able to directly purchase and manage Snapchat Story ad campaigns on Shopify\u2019s platform. From\u00a0Yahoo Finance<\/a>.<\/p>\n\n\n\n

Facebook looks to rival Paytm on home turf<\/strong>. Facebook\u2019s proprietary payments app WhatsApp Pay looks to gain a competitive edge on India-based Paytm, among others. Following the announcement by Facebook that the company is still actively working on the WhatsApp launch, India\u2019s local leaders are starting to feel the heat. And with a payments marketplace projected to hit $1 trillion by 2023, the competition is just beginning. From ET India. <\/p>\n\n\n\n

Stripe launches remote engineering hub in U.S.<\/strong> In an effort to locate product development closer to customers and tap the ever-growing pool of engineers living outside its hubs\u2019 metro areas, global brand Stripe has released plans for a new engineering hub that will be entirely remote. Initially planned for launch in North America, the company also plans to launch the remote concept in Europe and Asia once a structure is finalized. From\u00a0Venture Beat<\/a>.\u00a0<\/p>\n\n\n\n

Fintech Forward\u00a0and Backward?<\/em><\/p>\n\n\n\n

Korea\u2019s FSC shifts towards \u201cnegative regulatory system.\u201d<\/strong> So what does this mean for fintech\u2019s? In a word: Freedom. The goal of the Financial Services Commission (FSC) is to create an ecosystem where fintech startups are \u201cfreer to try innovative ideas.\u201d Part of the initiative also includes more leniency when it comes to the regulatory reforms, enabling financial companies to more easily invest in fintech initiatives. From\u00a0Korea Times<\/a>.\u00a0<\/p>\n\n\n\n

New York DFS gives green light for OCC fintech charter lawsuit<\/strong>. An ongoing battle gains momentum with the New York Department of Financial Services (DFS) approving the lawsuit against the Office of the Comptroller of the Currency (OCC) that was initiated last year. Originally designed as a path for fintechs to avoid the necessity to seek the approval of all 50 states, the financial technology sector will be significantly impacted either way with this decision. From Crowdfund Insider. <\/p>\n\n\n\n

Industry News:<\/em><\/p>\n\n\n\n

Klarna: Klarna and Stripe Crowd-Surf into Events Market with Kaboodle and Hideout Festival<\/a><\/strong><\/p>\n\n\n\n

MINDBODY: MINDBODY Acquires Bowtie.ai<\/strong><\/a><\/strong><\/p>\n\n\n\n

MIdigator: Midigator Partners with Stripe to Simplify Payment Disputes<\/strong><\/strong><\/p>\n\n\n\n

RealPage: RealPage to Announce First Quarter 2019 Financial Results<\/a><\/strong><\/p>\n\n\n\n

First Data: First Data Launches CloverAchievers, a Grant Award Program to Celebrate Small Business Owners<\/strong><\/p>\n\n\n\n

Wirecard: Wirecard Collaborates with Orange Money to Launch Innovative New Digital Payment and Banking Services in Eastern Europe<\/strong><\/strong><\/p>\n\n\n\n

Softheon: Softheon Verify Receives NASPO Stamp of Approval<\/strong><\/a><\/p>\n\n\n\n

PayPal: PayPal Brings to India a Friction-Less Payments Experience<\/strong><\/a><\/p>\n\n\n\n

MINDBODY: Josh McCarter Promoted to President of MINDBODY<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PaymentFacilitator\u2019sNews 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":[281,303,329,502,597,666,793,811,846,976,977],"class_list":["post-4567","post","type-post","status-publish","format-standard","hentry","category-archive","tag-facebook","tag-fintech","tag-fsc","tag-mastercard","tag-occ","tag-paytm","tag-shopify","tag-snapchat","tag-stripe","tag-whatsapp","tag-whatsapp-pay"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4567"}],"version-history":[{"count":7,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4567\/revisions"}],"predecessor-version":[{"id":9092,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4567\/revisions\/9092"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}