Stripe Expands Partnership With Tencent and Weixin Pay Availability
From now on, Weixin Pay, a version of WeChat Pay, is available not only for online payments powered by Stripe but also for in-person shopping via Stripe Terminal in 20 countries.
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Swift Enhances Case Management to Optimise Payment Investigations
Swift estimates that adopting Case Management early could help the financial industry save more than $600 million each year in operational and liquidity expenses, while also potentially increasing gross revenue by 3–5%.
Shein and Temu to Increase US Prices
Chinese online retailers Shein and Temu have notified US consumers that prices on their respective e-commerce platforms will increase from April 25.
SoFi Adds Funds in Commitments to Loan Platform Business
SoFi secured agreements worth $3.2 billion for expansion to its Loan Platform Business.
Toku Raises $48 Million
Toku raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Chile, Brazil, and Mexico.
Agentic AI in E-Commerce
Even online shopping can be painstaking, given the manifold selection of products and e-commerce stores. If the mere thought of browsing through myriads of online shops’ inventory items, comparing prices and logistic options leaves you feeling exhausted – agentic AI is on its way to the rescue mission.
Western Union Develops Media Network Business
Western Union is committed to developing its new Media Network business through collaboration with Magnite, an independent sell-side advertising company.
ValidiFI Offers Authoritative Bank Account Verification Tool
Bank account and payment intelligence company ValidiFI has started offering consumers new authoritative bank account verification capabilities.
Neobank Bunq Plans to Get US Banking License
The European neobank Bunq is currently on its way to obtaining a banking license in the United States.
Checkout.com Boosts eBay Global Payment Platform
Millions of buyers and sellers around the world using the eBay platform will have even more seamless e-commerce experiences, as the marketplace partners with Checkout.com.
Klarna Expands In-Store Presence With Clover
Klarna partners with Clover, a point-of-sale system developed by Fiserv, to scale its in-store payment network.
PayPal & TerraPay To Power Real-Time Cross-Border Payments Across MENA
Together, PayPal and TerraPay aim to make cross-border transactions across the Middle East and Africa faster, easier to use and more accessible.
US Bank Introduces Business-Focused Checking and Spend Management Tools
U.S. Bank presented an all-in-one checking account combined with payment acceptance capabilities for small businesses.
ESG Book LEO Transforms Sustainability Reporting for Corporates and Finance
ESG Book has introduced the LEO cloud solution, designed specifically for financial institutions and corporates to meet sustainability due diligence and disclosure requirements.
Fiserv Acquires Pinch Payments
Fiserv stated that it had acquired payment facilitator (PayFac) Pinch Payments and its management platform Glassbox.
Synchrony and Adobe Commerce to Offer Flexible Financing
Synchrony, a financial services company, has launched a new integration with Adobe Commerce.
Fintech & Ecommerce
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