Payments & Commerce

The latest news in Payments & Commerce industries.

Europe, Led by France, Set to Block Facebook’s Libra
September 12th, 2019

France warned that it will block the development of Facebook’s planned Libra cryptocurrency in Europe as it represents itself a threat for the “monetary sovereignty” of governments.

Google Express to Close Down and Merge with Google Shopping
September 12th, 2019

Google will be shutting down the Google Express shopping platform and merging it with the new Google Shopping. After about 6 years, the platform has failed to properly plant its flag in the online shopping sector.

Mastercard and R3 Join Forces to Build Blockchain Cross-Border Payments Solution
September 11th, 2019

Mastercard and R3 are entering a new partnership which will allow Mastercard to be able to process payments faster. This comes after Mastercard joined the Marco-Polo trading settlements consortium.

Facebook’s Libra Set to Register as Payment System in Switzerland
September 11th, 2019

Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.

Alibaba Founder and Chairman Jack Ma Officially Retires
September 10th, 2019

Jack Ma, who is one of the technology heavyweights of all time is stepping down after a prolific career as founder and Chairman of the Alibaba Group. He is known to have been steered Alibaba from idea to startup to Global Technology giant.

Alibaba Acquires Kaola from NetEase in a $2 Billion Agreement
September 6th, 2019

The Alibaba Group has announced its acquisition of online e-commerce platform, Kaola, from NetEase. Alibaba will also be investing $700 million in NetEase’s Cloud Music streaming platform, as part of a separate deal.

Fintech Unicorn Stripe Launches Cash Advance Service Promising Next-Day Loans to Customers
September 6th, 2019

Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds.

Apple is ‘Watching Cryptocurrency,’ Says Apple Pay’s Jennifer Bailey
September 5th, 2019

While there is no concrete plan to make any specific crypto moves, an Apple Pay executive has just confirmed that the company is paying attention to the sector. Hopefully and at some point, Apple Pay will support cryptocurrency.

Mastercard Joins R3’s Marco Polo Network to Advance Global Trade
September 5th, 2019

Mastercard revealed its participation in the Marco Polo blockchain project, a collaboration of R3 and TradeIX. The initiative provides a multi-asset class platform that offers broker-dealer services and multicurrency transactions, among other services.

Amazon Will Likely Announce Cryptocurrency to Threaten Facebook’s Libra: Report
September 3rd, 2019

Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor.