In recent news, Solana Pay, a US-based digital payment platform, has announced that it has integrated its plug-in with Shopify, an e-commerce platform, to enable businesses to accept payments in USDC, an emerging cryptocurrency. This integration gives businesses an efficient, low-cost payment processing solution that is also secure and reliable. This integration marks the first… Continue reading Solana Pay integrates plug-in with Shopify for USDC payments
Category: payments
A tale of two payments companies
When the topic of payments companies comes up, two companies always manage to dominate the conversation: PayPal and Google Wallet. Both of these titans of the payments world offer secure, convenient, and fast payment solutions, making them two of the top contenders in the payments space. PayPal was established in 1998 as a money-sending application… Continue reading A tale of two payments companies
Bored Ape Yacht Club creator to block OpenSea in fight over payments
On August 7th, the creator of the popular online game Bored Ape Yacht Club announced that it would be blocking OpenSea in an effort to fight over payments. The move came after OpenSea, an Ethereum-based decentralized marketplace, announced a new payment plan that angered some of its users. The announcement from Bored Ape Yacht Club… Continue reading Bored Ape Yacht Club creator to block OpenSea in fight over payments
Brex expands into group events while Mesh Payments moves into travel
As the saying goes, “the times they are a-changin’”, and two companies are proving this to be the case with their radically different business moves. Brex, the payments fintech, and Mesh Payments, a treasury management solution, are both expanding their offerings into entirely new territories. Brex has recently announced that they are breaking into the… Continue reading Brex expands into group events while Mesh Payments moves into travel
Mastercard purchase
Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase
Financial sells
One of the largest digital payment companies in India, Paytm, recently got some important news. Ant Financial, a major stakeholder in Paytm, has sold its massive stake worth $628 million to Paytm’s founder, Vijay Shekhar Sharma, in a no-cash deal. This news comes after Ant Financial increased its stake in Paytm last year in January… Continue reading Financial sells
Elon Musk’s X can’t send Blue subscribers their ad revenue-sharing payouts on time
Elon Musk’s X, an entertainment streaming platform, is unable to pay its content creators their share of ad revenue in a timely manner. This has been met with criticism from subscribers who feel that they deserve to get their money on time for their contributions. The concept of X was developed by Elon Musk in… Continue reading Elon Musk’s X can’t send Blue subscribers their ad revenue-sharing payouts on time
India’s central bank abandons UPI rival project
The Reserve Bank of India (RBI) recently made the decision to abandon a controversy-ridden real-time payments project. The project was intended to be a rival to the Unified Payments Interface (UPI), a system backed by the National Payments Corporation of India (NPCI). UPI is a mobile payment system that enables customers to send and receive… Continue reading India’s central bank abandons UPI rival project
StellarFi lands
A startup company looking to reinvent the way people can build their credit scores has landed a hefty $15 million investment. StellarFi, the fintech startup based in the U.S., recently raised the rounds of capital from venture capital firm 8VC, Evo Payments International and Next Coast Ventures, as well as from individual investors such as… Continue reading StellarFi lands
Etsy is delaying seller payouts following Silicon Valley Bank’s collapse
With the collapse of Silicon Valley Bank, one of the oldest digital shopping platform, Etsy, is facing a unique problem. Etsy has been forced to delay payouts to its sellers until it finds an alternative payment provider. Etsy is a global e-commerce website focused on handmade or vintage items and supplies. Popularly known as a… Continue reading Etsy is delaying seller payouts following Silicon Valley Bank’s collapse