Friday , March 29, 2024

Mergers & Acquisitions

February, 2021

  • 24 February

    Mobile Wallets Find In-Store Favor and other Digital Transactions News briefs from 2/24/21

    In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …

  • 23 February

    NMI Acquires USAePay and other Digital Transactions News briefs from 2/23/21

    Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual …

  • 16 February

    AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21

    AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …

  • 11 February

    Mogo Buys A Piece of Cryptocurrency Trading Platform Coinsquare

    Payments-technology provider Mogo Inc. is initially acquiring about 20% of Coinsquare, a Canadian cryptocurrency-trading platform, for US$44.4 million, with an option to purchase another 20% in the future. Mogo’s first option to increase its investment in Coinsquare, which acts as the trading platform for MogoCrypto, which Mogo launched in 2018, …

  • 10 February

    Nonbanks Find Consumer Favor and other Digital Transactions News briefs from 2/10/21

    As consumers increasingly turn to fintechs rather than banks, money decisions and payments share are shifting away from traditional financial institutions, according to a study from data-analytics firm Fair Isaac Corp. (FICO). Some 34% of consumers have at least one account with, or conduct financial activity with, a nonbank provider, while …

  • 9 February

    Fiserv Looks to Units Like Clover And Carat to Help Bend Its Growth Trajectory Upward

    Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …

  • 8 February

    Another Campus Adds ParkMobile and other Digital Transactions News briefs from 2/8/21

    ParkMobile LLC said its mobile app will allow students at the University of Wisconsin-Superior to pay for parking at 420 spaces in seven lots on campus.Visa Inc. said it U.S. consumer cardholders now have access to NortonLifeLock, a digital safety service.Atlantic-Pacific Processing Systems NV Corp. made several improvements to its APPSos customer relationship management service.NCR …

  • 4 February

    Lightspeed’s Revenue Jumps 79% and other Digital Transactions News briefs from 2/4/21

    Payments provider Lightspeed POS Inc. reported total revenue of $57.6 million for the quarter ended Dec. 31, up 79% year-over-year. Revenue was $49.3 when excluding the recent acquisitions of payments providers ShopKeep and Upserve. The company’s merchant base grew 74% year-over-year to 115,000, or 84,000 excluding the acquisitions, up from 66,000.Fiserv Inc. and the Inclusive Innovation …

  • 3 February

    Payoneer Agrees to a SPAC Merger That Will Take the Company Public

    Global e-commerce payments provider Payoneer Inc. announced Wednesday morning it will go public via a merger with a blank-check company, confirming reports about a deal that first emerged last month. In the merger, which values Payoneer at $3.3 billion, the 15-year-old, New York City-based firm becomes the eighth payments-related company …

  • 3 February

    Eye on Crypto: First Boulevard To Test Visa Crypto API and Uphold To Issue Crypto-Enabled Cards

    Neobank First Boulevard will test a suite of crypto application programming interface tools as part of Visa Inc.’s digital-currency strategy, Visa announced Wednesday. And Uphold Inc., a platform for digital wallets and cryptocurrency trading, has acquired Optimus Cards UK Ltd. and intends to issue crypto-enabled debit cards in Europe on …

Digital Transactions