PaymentFacilitator’sNews 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.
Visa collaborates with Australian fintech on behalf of SMBs. Visa and Payment Logic are targeting small and medium-sized businesses (SMBs) with Yak Pay. Catering to a bit of a niche user base, this new product is designed specifically for SMBs to digitally pay suppliers that don’t accept cards. And according to the article, this non-card accepting sector offers strong potential for growth and expansion. From Cards International.
Network International and UnionPay bring QR to UAE. Benefiting the global push towards cashless, United Arab Emirates-based Network International and China’s UnionPay have come together to bring QR-based payments to UAE locals. As part of the deal, close to 10,000 UAE merchant terminals will now offer UnionPay QR-based payments for UnionPay cardholders via the UnionPay app. From telecompaper.
Paytm founder talks about adapting to India’s dynamically changing digital market. Paytm has found global recognition from its fast-paced saturation of India’s digital payments market. In an interview, Paytm founder Vijay Shekhar Sharma speaks on his plans to adapt to India’s potential mandate (currently in review) to do away with digital payment fees and driving his upcoming growth initiatives in smaller cities. From Bloomberg.