Saturday , December 27, 2025

Paystand Business Clients up 40% and Other Digital Transactions News Briefs from 8/21/20

  • Blockchain-based business-to-business payments platform Paystand Inc. reported its service now supports 140,000 businesses, up 40% year-over-year, including 150 new enterprise clients. It also said its revenue has grown 1007% over the past three years.
  • Cryptocurrency provider PayFBit announced it is organizing an initial coin offering to help fund the company, which offers a wallet, peer-to-peer exchange, cryptocurrency exchange, and smart cards, all of which, it said, are aimed at enabling persons to use cryptocurrency in their daily lives.
  • Online and in-store installment lender Klarna AB said it is offering its services to Beautycounter, a retailer of skin care and cosmetics that sells online and through boutiques.
  • As a form of pandemic relief, Citigroup Inc. is allowing cardholders to apply their Thank You reward points toward minimum monthly payments.

Check Also

China’s UnionPay Looks to Serve—and Attract—International Visitors

In an effort to appeal to travelers from abroad, China’s dominant UnionPay payments card network …

Digital Transactions