PAYMENTS & REMITTANCES

PAYMENTS & REMITTANCES

Coin shuts down its payment services this month

You knew Coin's payment tech wasn't long for this world when Fitbit bought the company in 2016. Read more: www.engadget.com

Rakuten relies on Payoneer for cross-border payments

Rakuten.com, a leading US eCommerce marketplace, has announced its collaboration with Payoneer, an innovative online payments company. Read more: www.finextra.com

Mastercard welcomes UK court ruling on interchange fees

Mastercard is grateful that the Court has found in its favour with respect to the significant issues being heard in this case. Read more: www.finextra.com

Ant Financial backs Philippines FinTech player Mynt

Chinese FinTech giant Ant financial is making moves in the Philippines with an investment in Mynt. Read more: www.fintechroundup.com

PE firms buy Ratepay to merge it with Concardis

Private equity firms Advent International and Bain Capital are jointly acquiring Ratepay, the payments arm of German e-commerce company Otto Group. Read more: www.fintechroundup.com

Braintree hires former Lending Club exec John MacIlwaine as CTO

Braintree has hired a new chief technology officer in a move designed to ease the workload of Juan Benitez. Read more: venturebeat.com

Samsung Pay launched in Brazil and Puerto Rico

Samsung Pay has been on an expansion spree over the past couple of months, starting with China, Singapore, Spain, and then Australia. Read more: www.androidpolice.com

Payments search for the power within blockchain

Credit union service organizations TMG and Co-op Financial Services have teamed with Mercator Advisory Group in a venture to discover the true potential of blockchain technology. Read More: www.atmmarketplace.com

Chinese e-commerce sellers prefer Amazon

Survey respondents felt that Amazon was trustworthy and favored its emphasis on quality products and simple and fair rules. Read More: www.cnbc.com

PayPal shares pop after strong quarter

Shares in PayPal jumped over six per cent in after hours trading this evening after the company posted better than expected first quarter profits. Read more: www.cityam.com

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