San Francisco-based fintech app provider Plaid has announced its first major acquisition. The startup allegedly spends $200M to acquire its rival company Quovo.
FinTech is increasingly collaborating with traditional banking institutions, combining the innovative mindset of FinTech startups with the scale, strong brand recognition of traditional banking institutions. However, a new disruptive force is on the horizon: TechFin.
The latest Series C funding round worth $250 million was led by popular venture capitalist Mary Meeker through her Kleiner Perkins’ growth fund.
The popularity of the Bitcoin-friendly Square Cash App is growing. Now it has managed to outperform its rival, Paypal’s Venmo.
Now Venmo users will have more opportunities to use their Venmo balances, as PayPal will offer them debit cards for payments in the real world.
Dan Schulman, PayPal CEO, said that as the popularity of PayPal and its mobile payments platform Venmo grow, traditional methods of payment will be replaced by digital alternatives, which means that there will be no credit cards in 20 years.
Apple enters a market with the peer-to-peer payment system Apple Pay Cash that can become a killer of similar services due to its’ simplicity.
Flywire has announced partnership with PayPal regarding its options for businesses, students and patients.
Apple users will soon be able to transfer money to other people, as the company is reportedly going to launch a new peer-to-peer payment feature later this year.
One of the major online payments providers has integrated a new option allowing customers to keep cash in their accounts.