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.
During the pandemic, PF Toast found out what its customers needed for support and made those needs its “true north.” That focus on its unique capabilities, along with an ability to act quickly with new product solutions and to create a customer-focused culture were all important as Toast determined how to weather the uncertainty, according to this profile of the company. From Boston Globe.
Indonesian ride-hailing and payments company Gojek and ecommerce provider Tokopedia are planning to merge. The resulting company, GoTo, will be the biggest private tech company in the region with a potential valuation of $40 billion. Its services will cover ecommerce, courier services, ride hailing, and food delivery. From Reuters.
PayPal plans to acquire Happy Returns, a startup that enables online shoppers to return items in person. The company has about 2,600 drop-off locations where shoppers can take their returns. The acquisition is PayPal’s latest in the ecommerce and retail space. From CNBC.
Amazon has invested another USD$30 million into its payments business, Amazon Pay, in India. The company is looking to compete in a market crowded with large, established players. Fintech companies in India are focused on generating revenue by cross selling their users other financial products after the government did away with payment charges to incentivize merchants to accept digital payments. From KrASIA.
Cantaloupe: Cantaloupe Introduces ePort® Engage Series
VIP Integrated Payments: VIP Integrated Payments and ADSS Global Announce Sage 300 Credit Card Processing Strategic Alliance