Friday , March 29, 2024

Marqeta’s 350% BNPL Revenue Bump and other Digital Transactions News briefs from 9/9/21

  • Card-issuing platform Marqeta Inc. said in the first year of a partnership with Zip Co., an Australia-based buy now, pay later provider that recently changed its U.S. branding to Zip from Quadpay, it experienced a 350% year-over-year increase in BNPL net revenue in the 2021 second quarter.
  • Payments and buy now, pay later provider Klarna AB has launched what it calls a “livestream shopping series” with beauty-products seller Beautycounter as part of a marketing program the two companies initiated last year.
  • Payments-technology provider Agile Financial Systems launched APEX, a set of products aimed at aiding businesses with mobile, e-commerce, and card-present transactions.
  • Payments technology provider NMI said it received funding from private equity firm Insight Partners and existing investors. The amount was not disclosed.
  • Paysafe Ltd. launched its Paysafe Publishers marketplace, a service to help e-commerce merchants use the affiliate marketing channel for customer acquisition and other revenue opportunities.
  • In related news, Paysafe said it expanded a deal with Betfred USA Sports, a sports betting operator in five states, that sees Betfred USA Sports use the affiliate marketing software of Paysafe’s Income Access, Paysafe’s marketing technology and services provider.
  • Bluefin Payments Systems LLC received a U.S. patent for its ShieldConex platform’s use of vaultless tokenization and encryption.
  • MX Technologies Inc., a data aggregator, said it and Payveris, a money movement platform, are integrating their services to improve account connectivity for U.S. financial institutions.
  • Payoneer Global Inc. made three appointments to its staff, including promoting Keren Levy, chief operating officer to president; naming Arnon Kraft as the new chief operating officer; and appointing Pamela H. Patsley to its board of directors.
  • Repay Holdings Corp. appointed Darin Horrocks as executive vice president of B2B business, and Phillip Tau as vice president of B2B strategy and business development.

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