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Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year. 
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Banking-as-a-service platform Railsbank is to provide customers with embedded access to Open Banking services for account-to-account payments from Plaid.
Vineet Anand's insight:
Plaid A2A payment integrated with Railsbank!
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Global payments giant Mastercard has said it will invest $300 million as a cornerstone investor in the planned London float of payments processor Network International.
Vineet Anand's insight:
MC to place a $300 million investments in Network International for its upcoming London IPO!
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The world of digital payments continues to power ahead — fuelled by the continuing growth of e-commerce and fintech — and now one of the bigger startups making waves in the sector is raising a huge round of funding. TechCrunch has learned that Marqeta — a payment processing compan…
Vineet Anand's insight:
Marqueta valuation rises close to $2 billion per recent Series E finding to raise $250 million!
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Middle Eastern payments processor Network International is contemplating a listing on the London Stock Exchange.
Vineet Anand's insight:
Network International planning a listing in London at a valuation of PS2.2 billion!
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Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiar
Vineet Anand's insight:
Ecentric has a new 46% stakeholder from FSS.
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EquensWordline has rolled out a pan-European system for the interoperability of domestic P2P mobile payment schemes across borders, using the Sepa Proxy Lookup (SPL) protocol.
Vineet Anand's insight:
P2P routing service using SPL protocol rolled out by EquensWorldline!
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Commercial payments outfit Fleetcor Technologies has struck a deal to buy accounts payable automation specialist Nvoicepay. Financial terms were not disclosed.
Vineet Anand's insight:
Fleetcor purchase of Nvoicepay for AP payments!
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The European Commission is pondering a "regulatory push" to encourage adoption of the new TIPS instant payments service and make it a genuine rival to the card schemes and tech giant-built digital wallets.
Vineet Anand's insight:
TIPS push by EC and PSD2 September release to create an open playing field for incumbents and new operators within EU!
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The UK's GoCardless, which helps businesses collect recurring payments online, has secured $75 million in Series E funding as it aims to build a global bank debit network.
Vineet Anand's insight:
GoCardless raises $75 million in Series E funding for international expansion!
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German financial regulator BaFin has taken the extraordinary step of banning short positions in troubled payment processor Wirecard in an attempt to shore up market confidence.
Vineet Anand's insight:
Wirecard shares banned from short selling by German regulator. Stocks have taken a bit hit since FT report and investigation continues!
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Mitsubishi UFJ has formed a joint venture with Akamai for the roll out of a new blockchain-based online payment network.
Vineet Anand's insight:
GO-NET blockchain based payments network using MFUG coin being tested for launch in 2020!
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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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Introducing an easy, quick and secure way to pay with your iPhone, available for all Monese personal cards
Vineet Anand's insight:
Apple Pay expands to Monese in UK and N26 in Germany. Apple Pay’s volume more than doubled annually to reach 1.8 billion transactions in Apple’s fiscal Q1 2019; its success in international markets with 85% of its users outside of the US. The UK is a particularly promising growth market for Apple Pay home to contactless payments for over ten years ago.
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US federal prosecutors investigating donations to Donald Trump's inauguration committee are taking a special interest in payments processed through Stripe, which may have provided the technology used for credit card donations related to the campaign.
Vineet Anand's insight:
Stripe receives a subpoena related to Trump inauguration.. seems BAU as prosecutor looking at tracking funds. Interestingly Jared Kushner's brother is an investor.
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Finextra: Westpac is outsourcing the management and deployment of its entire merchant payment system offering to Verifone.
Vineet Anand's insight:
Big win for Verifone with taking on merchant terminal outsourcing for Westpac in Australia and NZ!
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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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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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X as part of it 2024 strategy plans introduce P2P payments around in Q2/Q3 of this year. X has 14 MT licenses with more in stages of approval.
Part of X strategy (Musk) is to create a WeChat like super app that he calls 'everything app' and to take over entire financial lives without a bank account. As Musk states X will bring “the power of living more of your life in one place".
Super apps have not seen traction outside of Asian markets - do they have a place for developed markets with the growing workforce of Melliniials and Gen-X that will dominate commerce(banking, payments, investments...) and are digital savvy consumers.