Weekly Payments News 05 April 2024
Weekly Payments News 05 April 2024
ACCEPTANCE & PROCESSING
- SSE Arena Belfast uses Amazon Just Walk Out technology, making it the first indoor arena in Europe to offer checkout-free shopping.
- Adyen has entered a collaboration with Adobe Commerce, aiming to provide flexible payment solutions for online and instore enterprise merchants.
- Worldline extends its partnership with ASDA. The partnership consolidates the entire payment process chain under Worldline as a single provider. ASDA integrates Worldline’s omnichannel payment solution, including terminals, acquiring services, and smart routing through Worldline Payment Orchestration
- The value of global POS terminal transactions will reach $17 trillion by the end of 2024, and grow by 25% to 2028, according to Juniper Research.
- Zilch selects Checkout.com as its main acquiring partner. The partnership will focus particularly on the UK and USA markets.
- Visa launches Subscription Manager, a service for FIs to offer cardholders a simple and convenient manner to track their subscriptions.
CORPORATE ACTIVITY
- Nuvei to be taken private by Advent International in an all-cash transaction valued at approximately USD 6.3 billion, with the support of major shareholders including Philip Fayer, Novacap Management Inc., and CDPQ. Company will remain HQ in Montreal.
DIGITAL, RETAIL & ‘Neo’ BANKING
- Russian antitrust agency complains to Apple over users’ limited payment services. Russian users of Apple devices do not have access to full functionality of banking and payment services. The Antitrust agency has asked Apple to explain.
EMBEDDED FINANCE
- Juniper Research has found that by 2028, embedded finance revenue will increase 148%; from $92 billion in 2024 to $228 billion in 2028
OPEN BANKING & PSD2
- Ecommpay expands partnership with GoCardless to increase UK and EU market coverage and solidify its position.