Weekly News 11 June 2021

11th June 2021

Klarna launches in France and expands BNPL to all online retailers in the UK

Worldline pilots a frictionless, non-attended checkout experience in The Netherlands

Wix chooses Stripe to power in-person payments for its users

Goldman Sachs Transaction Banking chooses Visa for cross border transactions

TransferMate integrates into Wex

HSBC opens an API developer portal

PSR publishes a proposed new five-year strategy

UK Post Office launches Save Our Cash campaign

 

Klarna launches in France and expands BNPL to all online retailers in the UK

Klarna has released a shopping app that enables UK users to pay in three monthly instalments at any online retailer, regardless of whether they’re partnered with Klarna or not. The new in-app also includes monthly budgets and personal spending limits that can be set and controlled by users. Additional capabilities include personalised wish lists and curated content based on consumers’ interests and their favourite stores, price drop notifications, and price comparison charts.

Klarna has officially launched operations in France by introducing “Pay in 3”. Klarna is also introducing the Klarna app, where consumers will be able to see pictures of purchased items, keep track of and manage their payments, save favourite items to wish

 

Worldline pilots a frictionless, non-attended checkout experience in The Netherlands

Worldline has launched a pilot to develop Pick-Go-Pay, a frictionless, non-attended checkout experience in The Netherlands. With Pick-Go-Pay, consumers will be able to enter in a shop to buy products at any time, without cashier employees inside the shop, all that, in a secure environment.

 

Wix chooses Stripe to power in-person payments for its users

Stripe and Wix, a leading global SaaS platform to create, manage, and grow an online presence, today announced an expanded partnership to power in-person payments for its users. By layering Terminal, Stripe’s programmable point of sale, atop their existing integration with Stripe Connect, Wix can provide its users with an omnichannel solution that includes website creation and management, logistics and operations, and payment processing for both online and in-person transactions, all with a 360° understanding of their business activity.

 

Goldman Sachs Transaction Banking chooses Visa for cross border transactions

Visa has partnered with Goldman Sachs Transaction Banking for cross border transactions. Through Visa B2B Connect and Visa Direct Payouts solutions, Goldman Sachs will help its commercial and corporate banking clients simplify complexities and costs associated with existing systems and inefficient processes. These solutions will add to Goldman’s cross-border business-to-business (B2B) and business-to-consumer (B2C) payments programme for high and low value payments.

 

TransferMate integrates into Wex

TransferMate has integrated directly into the WEX system to enable WEX clients to execute international transfers with ease, and experience new levels of simplicity, security and speed through TransferMate’s global payments network.

 

HSBC opens an API developer portal

HSBC has opened an API developer portal for firms to try out and integrate the bank’s suite of APIs. Initially, the portal will provide access to treasury payment and account information APIs, and a number of APIs for trade processing, custody holdings, bank guarantee status and global disbursements.

 

PSR publishes a proposed new five-year strategy

The PSR has published a proposed new five-year strategy where the regulator identifies four strategic priorities: 1. Access and choice for users; 2. Protection for users; 3. Competition; 4. Governance of interbank payments. The PSR is now seeking feedback on proposals – deadline to respond is 10 September 2021.

 

UK Post Office launches Save Our Cash campaign

The UK Post Office has launched a campaign to stop cash disappearing from high streets. The Save Our Cash campaign is calling for the UK Government to bring forward legislation to ensure access to cash becomes a legal right, with a requirement on banks to ensure continued local access for those who need it. The Post Office said that about eight million adults have said they would struggle day-to-day without cash, while 1.4 million people do not even have a bank account and rely exclusively on cash to survive.

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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