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.
PF Quarterly Earnings
USA Technologies reports Q2 results for fiscal year 2020. Revenue increased for the payments company by 27.7% year-over-year (YoY) at $44.1 million. Of the total revenue, license and transaction fee revenue accounted for $35.8 million (up 20.3%), while equipment revenue accounted for $8.3 million (up 74.6%). “We are pleased to deliver another quarter of strong revenue growth, over 80% of which remains from recurring license and transaction fees.” From USA Technologies.
Big Brands Doing Big Things
Blackbaud launches in APAC market. Designed to target social good organizations around the world and now in Asia Pacific, Blackbaud Merchant Services is now available for APAC merchants looking to process via Blackbaud’s platform. This initiative follows the brand’s already successful launch of their fully integrated payments solution in both Europe and the US. From Blackbaud.
Student tuition is one click away with GoPay. Gojek’s digital wallet platform is now targeting higher education in Indonesia as its next market segment. The payment app will now enable local parents and guardians to conveniently pay their children’s tuition payment from their smartphone or tablet, versus having to go to the physical university. From The Jakarta Post.
JPMorgan sets fintech deadline on behalf of customer data. The bank has officially told fintech companies that they have until July 30, 2020, to sign new data access agreements, preventing them from using customer passwords to gather data. Failure to sign the agreements will result in the bank blocking all automated access to its customers’ data. From Reuters.
What’s Up with WhatsApp?
Despite launch delays, WhatsApp Pay may have a strong advantage in India. Better late than never has been a running theme for Facebook-owned WhatsApp as the launch of its payments app into India’s ecosystem has been met with difficulties and delays. But what gives the late starter such a strong advantage? Aside from the fact that India is the app’s largest market, WhatsApp has the most expansive user reach in the country with approximately 400 million current users on its messaging platform. From Money Control.