Payments News

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By Chris Dawson February 15, 2019 - 10:54 am

Alibaba’s Ant Financial buys UK’s WorldFirst

WorldFirst is now part of Alibaba's Ant Financial group in what's thought to be a deal in the region of $700m. In order to clear the deal, it's now clear that WorldFirst divested their US operations to side step US regulatory scrutiny as Shareholders approved

Amazon Paycode partnership with Western Union

Amazon have partnered with Western Union to set up Amazon PayCodes. The service is designed to bring ecommerce into the reach of consumers who don't have access to traditional banking services enabling them to shop on Amazon and pay in cash. Amazon PayCodes are being offered

‘We’re chasing PayPal for the breakthrough’: Pakistan’s finance minister

"We're chasing PayPal for the breakthrough," is how Pakistan's finance minister describes his plan to launch PayPal Pakistan. Pakistan's finance minister, Asad Umar continues his efforts to bring PayPal to Pakistan. He said that he's aware of the problems consumers face because of lack of online

Are eBay Payments on eBay UK coming soon?

eBay have announced that they will be rolling out eBay Payments in a second territory to be announced during the next quarter. Could the UK be the target country? eBay have already enabled card payments in the UK and the format in which they are collecting

eBay Payments progress towards a second country site

Having launched eBay Payments in the US four months ago, eBay say that their confidence and their customers confidence is growing every week. In their Q4 Investor Earnings Call, eBay gave an eBay Payments Progress report saying that since they launched in late Q3 they

‘The global demand for British goods remains high:’ PayPal director

"The global demand for British goods remains high," is how a PayPal director summarises the state of affairs following the Brexit vote. Speaking to Tamebay, Nicola Longfield, director of small business at PayPal UK, takes a positive stance on the post-Brexit environment. When asked how the payments supplier

‘We want to be part of Chinese payment capabilities, says PayPal’s CEO

"We want to be a part" of Chinese payment capabilities, is how PayPal's CEO describes the vision of the payments provider in terms of future cross-border collaboration. "China developed a very robust set of digital payment capabilities," is what Dan Schulman, CEO of PayPal finds attractive

Metro Bank hit by text message banking fraud

Reports broke yesterday that a relatively small number of customers of the UK's Metro Bank have been hit by text message banking fraud. The Metro Bank aren't the only ones to be hit, but appear to the the first to go public. It appears that hackers

WorldFirst US operations will be re-branded as Omega

WorldFirst US Operations are in the process of shutting down. It's important to note that services for WorldFirst customers based outside of the US, including in Canada and the UK, will be unaffected by the US closure, and customers will continue to be able to