iZettle — the payments startup based out of Stockholm that competes against companies like Square, Paypal and SumUp to provide card transactions using smartphones and tablets as well as related accounting services — has raised another €40 million ($47 million), money that CEO and co-founder Jacob de Geer told TechCrunch would be used to expand into more markets beyond the 12 where… Read More
Category: Payments
Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe
B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Bangalore-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round announced this summer. Originally pegged at… Read More
French peer-to-peer payment app Lydia adds Apple Pay support
A peer-to-peer payment app that works similarly to Venmo from startup Lydia in France now works with Apple Pay (a feature originally announced in July), making it possible to spend your balance from the app wherever MasterCard and Apple Pay are accepted. It’s a neat use of Apple Pay to make it possible to do mobile payments without requiring that a user have a credit card – and it… Read More
French peer-to-peer payment app Lydia adds Apple Pay support
A peer-to-peer payment app that works similarly to Venmo from startup Lydia in France now works with Apple Pay (a feature originally announced in July), making it possible to spend your balance from the app wherever MasterCard and Apple Pay are accepted. It’s a neat use of Apple Pay to make it possible to do mobile payments without requiring that a user have a credit card – and it… Read More
Revolut merges mobile banking with cryptocurrency trading
Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies. The $90 million-funded mobile banking startup is trying to erase the divide between old and new money. Revolut‘s CEO Nikolay Storonsky announced on stage today at TechCrunch’s Disrupt Berlin conference that… Read More
Apple Pay Cash starts rolling out to iPhone users in the US
Apple Pay Cash is finally starting to roll out to users in the States, bringing the ability to send other iOS users payments directly through iMessage. The update is arriving piece by piece to those who’ve downloaded iOS 11.2, which launched two days back with a not-yet-live version of the feature. Apple Pay Cash was announced back in June at WWDC. However, the company added ahead of… Read More
Target launches its own mobile payments system with debut of ‘Wallet’
As promised earlier, Target today launched its own mobile payments system with the introduction of “Wallet” in the Target app. Wallet, as the name implies, allows Target shoppers in-store to both check out using their smartphone as well as take advantage of their Cartwheel digital coupons and discounts with only one scan of their barcode. Already, Cartwheel savings in… Read More
ftcash helps Indian businesses accept cashless payments and loans them money
A Mumbai-based startup called ftcash is helping small businesses in India move beyond cash. In some cases, it’s also providing loans to fund their operations. Co-founder Vaibhav Lodha, who demonstrated ftcash on-stage today at TechCrunch’s Startup Battlefield, said he first got the idea from his newspaper vendor, who complained that none of his customers seemed to have the cash at… Read More
Apple marks World AIDS Day with in-store and in-app donations
After raising $160 million for the Global fund as part of its partnership with (Red), Apple is marking tomorrow’s World AIDS Day by offering up a bunch of opportunities to donate. The easiest of the bunch is the company’s promise to donate $1 to the fund for every transaction made with Apple Pay at the company’s retail stores, on its site or in-app. In honor of the occasion,… Read More
Veem opens up global payments platform to developers with new API
If you’ve ever tried to do business across borders, you know how painful it can be to send a wire transfer, wait for the payment to clear the bank and pay a set of fees along the way. Veem is a startup trying to simplify all of that for SMBs by providing a platform to ease the international transfer of funds between businesses. Today, it announced it was opening up that capability to… Read More
Sellers can now invoice buyers through PayPal’s new chat extension for Messenger
PayPal and Facebook are expanding their integrations today with the launch of an extension for Messenger that allows PayPal sellers to invoice buyers directly through private messaging. The feature is ideal for use with Facebook’s numerous Buy and Sell groups as well as Facebook Marketplace, in addition to being an easy way to send PayPal invoices in general. The launch comes on the heels… Read More
PayPal to sell $6 billion in consumer loans to Synchrony Financial
PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies. The deal also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution, the company said. Following the news, shares of… Read More