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PayPal has agreed to invest $750 million in MercadoLibre as part of a $1.85 billion equity offering designed to help the Argentinian e-commerce firm cement its position as the Amazon of Latin America. 
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The Mexican central bank is in talks with Amazon about support for a new government-backed QR code-based mobile payments service, according to Reuters.
Vineet Anand's insight:
MercadoLibre and Amazon in talks with central bank to adopt QR based mobile payments.
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Rapyd, a 'fintech-as-a-service' platform that enables businesses and consumers to pay or be paid however they choose for local and cross-border e-commerce transactions, has raised $40 million in a Series B funding round led by Stripe and General Catalyst.
Vineet Anand's insight:
Rapyd raises $40 million led by Stripe and General Catalyst.
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The e-commerce giant posted numbers that pale in comparison to earlier surging figures, a sign of the country’s economic slowdown.
Vineet Anand's insight:
Alibaba slowdown, disagree with the narration due to the facts: 1. Singles day sales $32 billion vs. $26 billion prior year; 2. Mobile MAU 699 million, added 33 million in 3 months; 3. 636 million annual active users; 4. Revenues grew 40% to $15 billion; 5. Cloud now bringing in $1 billion; and finally successfully bringing users from rural areas to use Alibaba! Considering the macro-economic climate, political upheaval, and larger base of GMV, revenues .. growth rates are impressive!
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Stripe has secured another $100 million in funding, this time from Tiger Global Management, boosting the payments firm's valuation to $22.5 billion.
Vineet Anand's insight:
Stripe's valuation at $22.5 billion, a nice $2.5 billion jump from the September Series E round. An impressive set of releases planned for 2019!
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BBVA's investment arm has led a $12 million Series A funding round in checkout-free payments technology startup Grabango.
Vineet Anand's insight:
Garbango received investment for Series A funding. Good potential for cashier-less / checkout-free payments.
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For the first time ever, people say they plan to spend more money online than in stores this holiday shopping season.
Vineet Anand's insight:
Online shopping to overtake retail stores spend during the upcoming Holiday season!
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Google will create a standalone unit for its shopping service and require it to bid against rivals for ads shown on the top of its search page, in an effort to satisfy European Union concerns over the display of product results, three people familiar with the investigation said.
Vineet Anand's insight:
Google shopping service to be carved out as a standalone unit post EU commissions fine of EUR 2.4 billion; Google has filed appeal.
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Finextra: PayPal claims that 10 million people worldwide have opted-in to use One Touch payments, enabling consumers to pay for purchases online with a single click after their first login.
Vineet Anand's insight:
Paypal OneTouch is gaining traction among its 173 million user base, with 10 million opt-ins for the service since launch a year ago!
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Vineet Anand's insight:
Marketplace sellers to receive funds from Amazon using Payoneer's cross-border platform using bank account withdrawal or using Payoneer MasterCard.
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Finextra: ACI Worldwide is to acquire e-commerce payment gateway business PAY.ON in a deal that values the German-based firm at EUR180 million.
Vineet Anand's insight:
ACI acquires PAY.ON for ~$200 million augmenting its payment and banking solutions with a SaaS based white label solution PAY.ON delivers for PSP's.
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Finextra: Researchers at Worldpay are investigating the use of facial recognition technology to help combat card fraud in stores across the UK.
Vineet Anand's insight:
Pin entry device camera for face recognition with learning capabilities that improves the biometric image over time! Biometric identification serves both online and offline check-out points; consumer adoption in online can reduce CNP fraud and treat transaction as card-member present?
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Finextra: Klarna, Europe’s leading payment solutions providers, today announced the official launch of commercial operations in the U.S. with Overstock.com as its first major retail partner.
Vineet Anand's insight:
Klarna launches in the US with Overstock as its very 1st merchant. Klarna has been forefront of Swedish online buyers and has presence in 19 countries with about 50k merchants. Its Unique business model allows the customer to pay for goods post purchase and Klarna takes the risk of paying the merchant before it received funds from customers.
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Finextra: UK m-commerce outfit Zapp is to use fraud detection technology from Cambridge University spin-off Featurespace to protect users of its 'Pay by bank' app at launch later this year.
Vineet Anand's insight:
Pay by Bank will offer new fraud controls leveraging machine learning behavioral algorithms!
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Finextra: PayPal has bought Modest, a 'contextual commerce' startup run by two former senior tech leads on Barack Obama's re-election campaign. Financial terms of the deal have not been disclosed.
Vineet Anand's insight:
Paypal acquires Modest for undisclosed amount. Recent purchases include Paydient, Xoom and more to come as company needs to use the $5 billion in cash within the next few months.
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Finextra: Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September.
Vineet Anand's insight:
Samsung Pay launches in Korea on Aug 20; Us Sep 28 and UK, Spain and China to follow suit. Galaxy S6 and edge phones along with Note5 to support Samsung Pay. Four key developments happening as we come to the end of 2015 summer:
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Finextra: SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.
Vineet Anand's insight:
Swiss mobile payment service Paymit to venture into retail and eCommerce segments along with loyalty app. Apple, Samsung, Google (when launched in Swiss) will be competitors to this domestic service!
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Finextra: Samsung has struck a deal with MasterCard to connect European card issuers to the handset manufacturer's forthcoming mobile payments service.
Vineet Anand's insight:
Samsing Pay deal with MasterCard will enable connection with European card issuers very similar to Apple Pay launched two weeks ago in UK.
Denisa Zichackova's curator insight,
July 31, 2015 3:56 AM
Samsing Pay deal with MasterCard will enable connection with European card issuers very similar to Apple Pay launched two weeks ago in UK.
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Finextra: ING Bank in the Netherlands is introducing voice-activated payments through its mobile app, enabling customers to authorise transactions by conversing with a virtual assistant on their phone.
Vineet Anand's insight:
Inge the avatar from ING Bank to enable voice activated payments!
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Finextra: Hot payments startup Stripe has landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion.
Vineet Anand's insight:
Stripe signs deal with Visa for website 'buy buttons' and payment security. The company is now valued at $5B!
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The US, India and China combine for 71% of total global funding and 62% of global deals to e-commerce startups.
Vineet Anand's insight:
71% of global e-Commerce start-up funding, $35.35B, went to China(28%), US(27%), and India(16%) markets! Other countries are Germany with $2.8B and UK with $1.2B. US drives 5x more deals than India and China!
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Finextra: Vodafone India has struck a deal with Walmart to enable small firms that use the US retail giant's wholesale stores to make payments through M-Pesa.
Vineet Anand's insight:
Walmart small business members can now pay with M-Pesa for their business purchases!
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Finextra: American Express is muscling in on PayPal's territory with a new service that lets cardholders pay at participating online merchants with just a user ID and password.
Vineet Anand's insight:
Amex Express Checkout launches amid existing competitors including V.me, MasterCard, Google, Paypal, Apple Pay and soon to be added Android Pay + Samsung Pay! Is this move a tad late? Working with Stripe helps in presenting the solution to developers of retailers / merchants that engage Stripe based solutions and gateway offerings.
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Finextra: The Indian Government has put forward proposals to reduce the tax burden on electronic payments in an effort to reduce the use of cash and bring more people into the formal economy.
Vineet Anand's insight:
Tax rebates for using electronic payments in India! A big move to discourage cash... the bigger news is the 'uniform interchange rates' ... unlikely RBI will follow EU interchange rates, but does indicate pressure now on banks of find ways of halting or reducing reward / loyalty programs as we are seeing in EU. Look forward to the new policy.
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Finextra: Nearly half of all e-commerce transactions in the UK are now carried out on mobile devices, with tablets more popular for shopping than smartphones, according to research from Criteo.
Vineet Anand's insight:
UK unseats South Korea from # 2 position with Japan taking #1 slot. Larger format mobility devices i.e. tablets are gaining more popularity for conducting transactions with a 3.4% conversation rate. Two important highlights: multi-channel experience is with mobile optimized websites and 2. iOS users are driving most of the volume as the top 3 markets have strong iOS presence.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Paypal invests $750 million in MercardoLibre Argentina as part of its spending spree of $3 billion per annum, Soon PP will have mastered the art of integration and building services through acquisitions.