Weekly Headlines

27th May 2022

Stripe opens an app marketplace

Klarna lays off 10% of staff

Mercado Pago offers payments initiation

UK SMEs selling more online

Western Union launches digital banking offer

Chase reaches half a million customers in the UK

 

Stripe opens an app marketplace

Stripe has opened an App Marketplace housing up to 50 third party business apps from vendors like like DocuSign, Dropbox, Intercom, Mailchimp, Ramp, and Xero.

 

Klarna lays off 10% of staff

Klarna is to lay off 10% of staff amid market downturn. News of the lay-offs comes as Klarna looks to raise fresh funds at a 30% discount to its previously $46 billion valuation.

 

Mercado Pago offers payments initiation

Mercado Pago is to offer payments initiation. The idea is to use the initiator to enable PIX users to complete the purchase by eliminating a series of steps, like opening the bank app, pasting the PIX code, and validating everything with the password, and then returning to the store.

 

UK SMEs selling more online

According to Mastercard research, 49% of SMEs in the UK are now doing more online business, compared to the global average of 68%.

 

Western Union launches digital banking offer

Western Union has launched WU+, a new integrated digital banking and international money transfer app, in Germany and Romania. WU+ customers can hold a digital bank account in 13 currencies send and receive money internationally and instantly with other WU+ account holders, for free. At the same time, they can use their Visa Debit card, linked to their account, to pay for purchases where Visa cards are accepted.

 

Chase reaches half a million customers in the UK

JPMorgan’s consumer bank Chase has attracted more than half a million British customers┬ásince launching eight months ago. According to the company, Chase has also amassed 10 billion dollars’ worth of customer deposits in Britain and has processed 20 million payments. JPMorgan is using Britain as a test bed for rolling out digital consumer banking services overseas.

 

Latest News Round-up

Weekly Headlines

PSE Innovation Videos

Codat – Opportunities for Open Finance

In this full length conversation with Yasamin Karimi from Codat we discuss the benefits of Open Finance to acquirers as they seek to onboard new customers and carry out credit checks. Yasmin highlights the emerging opportunities of combining accounting, Open Banking, and commerce platform data to create a rounded view of where a business has been, its current cash position and its order pipeline.

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