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Payments Industry News Update

European PF Klarna Expands with BillPay Acquisition

Stockholm-based payment facilitator Klarna is again expanding in Europe, this time with the purchase of German e-commerce payment company BillPay.
BillPay enables customers to pay by invoice, direct debit, or in installments through its PayLater product. The company says that it guarantees payments to merchants, assuming the risk of accepting these payment types…

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You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry’s biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency…

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Google Waves Good-bye to Hands Free Payment App

The search giant hopes to bring the best features from the mobile payments test to even more people and stores in the future…

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Amazon’s Payments Unit Nearly Doubles Money Processed

Amazon.com Inc on Tuesday said its payments business processed nearly twice as much money in 2016 than it did the year prior, as the e-commerce giant launched the unit in more countries and for a wider range of industries….

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