There has been no shortage of mergers and acquisitions, as well as exciting partnerships, mostly prominent in the online payments and ecommerce scene. However, Atos sets the tone with an acquisition in the digital ID field and the online gambling and betting vertical saw some pretty disruptive updates this week:
Samsung Pay, Finablr sign cross-border payments agreement
PayPal enters digital payments market in China with GoPay acquisition
Worldline completes the acquisition of the minority stake in equensWorldline
Atos secures cybersecurity and digital identity management position with IDnomic acquisition
Paddy Power Betfair merges with Poker Stars
We can’t talk about this week without mentioning some of the ‘wider impact’ news, which is also quite a hot-topic at the moment, such as the fact that Visa, Mastercard, and other financial partners have reconsidered their involvement to help build and maintain Facebook’s Libra payments network. Also on the crypto newswire, Ukraine’s Ministry of Digital Transformation has announced its plans to legalise Bitcoin and other cryptocurrencies.
On this note, we should also bring up security breaches – the fraud prevention solution provider sector’s bread and butter – an operational glitch at NatWest exposed online account details to wrong customers.
Corporates, banks, fintechs and PSPs have all seen quite a whirl of industry innovation and product launches this past week, from news of a possible new and improved addition to the OnePlus product line, FX payments, multi-merchant loyalty tools to another update in the trade finance space from HSBC:
Mastercard launches Samsung Pay Cash
Wirecard rolls out multi-merchant loyalty solution
Airpay, InstaReM to launch FX payments solution
HSBC launches trade finance API for bank guarantees
OnePlus announces plans for OnePlus Pay launch
Thales presents details for Gemalto biometrics and digital identity business integration
Lastly, it’s always thrilling to see which bands are on tour this week. While there have been quite a few relevant expansion news in the payments and fintech industry, here are the ones that really caught our eye:
PayPal-backed German fintech startup Raisin launches in Ireland
Visa chosen by Revolut as issuing partner for global expansion
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