JP Morgan, Worldpay, Azimo, Paypal and Mastercard in Payments
- Consumer Intelligence has said that charities are losing millions of pounds a year as people switch to contactless payments and carry less loose change. Its research found that almost two-thirds of people were using less cash than a year ago, resulting in charities missing out on £160m in the past year
- JPMorgan Chase has unveiled plans to acquire online payments provider WePay as part of a strategy to integrate payments into software for SMEs. The terms of the deal have not been disclosed
- Worldpay has predicted that the UK will be the world’s third biggest market for e-commerce in 2021, behind only China and the USA. In its annual Global Payments Report, Worldpay found that UK e-commerce will be worth £203bn by 2021
- Azimo has reported triple-digit growth across metrics including transactions sent, gross transaction volume and revenue, and appointed Richard Ambrose, a former PayPal executive, as its Chief Operating Officer
- Facebook has started testing in-app purchases and advertisements in games developed for the Messenger app, and is also implementing paywalls for publications using the site’s Instant Articles feature
- MasterCard has announced that it is opening up access to its blockchain technology through its Mastercard Developers API
- PayPal has reported 21.4% growth in revenues to $3.24bn for Q3 2017, with 8.2m new active customer accounts, taking the total to 218m, and strong growth in both mobile payments and person to person payments
- PayPal and Facebook have announced that Facebook users in the US can now send and receive peer-to-peer money transfers through PayPal from within the Messenger app
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