Saturday , September 30, 2023

Google Wallet Adds Markets And Other Digital Transactions News briefs from 8/24/22

  • Alphabet Inc. said it is expanding Google Wallet to six more countries, including South Africa, bringing to 45 the number of countries in which the product can be used. Google Wallet was introduced this spring as a replacement for Google Pay.
  • Transaction processor Computer Services Inc. said it will be acquired by private investment firms Centerbridge Partners LP and Bridgeport Partners for $1.6 billion, or $58 per share, in an all-cash deal. The deal is expected to close in the fourth quarter.
  • Some 80% of cryptocurrency holders surveyed in June by payments provider Paysafe Ltd. said they want to pay for goods with their holdings but are frustrated a lack of merchants accepting digital currency, according to Paysafe’s announcement Wednesday. Sapio Research conducted the research, which included 2,000 crypto holders in the United States and 1,000 in the United Kingdom.
  • Buy now, pay later specialist Afterpay, a unit of Block Inc., said it is working with fashion designers to allow consumers to buy the designers’ nonfungible tokens (NFTs) with four no-interest payments. NFTs are uniquely identified cryptographic assets generated by a blockchain.
  • Cross-border payments platform LianLian Global said it is working with lender Uncapped Ltd. to offer U.S. and U.K. e-commerce sellers growth capital ranging from $100,000 to $10 million.
  • BillingPlatform, a monetization platform, said InComm Payments will use its service for its enterprise billing needs.

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