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PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

Regulation Reorg

India’s central bank released guidelines this week for setting up self-regulatory organizations within the payments industry. The Reserve Bank of India (RBI) said the bodies would be non-governmental organizations that would collaborate with their stakeholders to establish rules and processes for enforcing them. They would also serve as liaisons between their members and the RBI. From Livemint.

COVID Impact

The pandemic forced difficult decisions onto the CEO of Southeast Asia’s super-app Grab. According to an interview with Reuters, Anthony Tan initially thought the coronavirus outbreak would be limited to China. But the crisis eventually led the company to lay off 5% of its workforce. While it has had to scale back plans for parts of its business, like travel and hospitality, increased demand for digital payments and working capital has buoyed its financial services business. From Reuters.

PayPal’s products are more “relevant” than ever. That’s what PayPal CEO Dan Schulman told CNBC’s Jim Cramer following the company’s latest earnings report. While digital was already a growing factor in today’s economy across industries, the timeframe for implementing online commerce has been dramatically compressed, he said. From CNBC.

Industry News

BlueSnap: Widely-Used Early Childhood Platform Rolls Out New Family Billing Solution, Simplifying Childcare Management

National Payments Corporation of India: NPCI Launches Its Subsidiary Firm – NIPL

Blackbaud: Blackbaud Hosts Groundbreaking First Virtual Innovation Marathon

Phreesia: Phreesia Partners with AdventHealth to Provide Zero-Contact Intake Across its Enterprise

Kallpod: Kallpod Announces Launch of Kontactless™ Full-Service Mobile Ordering and Payment Solution at Multiple Locations Across the U.S. and Canada

Mastercard: Mastercard Research Shows Surge in Digital Payments as Ecommerce Reaches New Heights in the UAE

TD Bank: TD Bank Launches TD Online Accounting to Provide Integrated Payment Services to Small Businesses

Mastercard: Mastercard Enables Small Businesses to Tap into the Booming Digital Economy – South Africa

Mastercard: Mastercard Enables Small Businesses to Tap into the Booming Digital Economy – UAE