Square Pulls Banking Application – For Now

Payments
Square Pulls Banking Application – For Now
Payment Facilitator
Square Pulls Banking Application – For Now
The road to a banking license isn’t completely smooth for fintech companies, even if you’re Square. The leading payments provider and payment facilitator last week confirmed reports that it had temporarily withdrawn its application to the FDIC for an industrial loan company license but plans to refile

PayPal Targets $3 Billion Annually in M&A; Acquisitions in Global Payments Space Skyrocket: News Roundup

Payments
PayPal Targets $3 Billion Annually in M&A; Acquisitions in Global Payments Space Skyrocket: News Roundup
Payment Facilitator
PayPal Targets $3 Billion Annually in M&A; Acquisitions in Global Payments Space Skyrocket: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

PaymentFacilitator Launching New India Site

Payments
PaymentFacilitator Launching New India Site
Payment Facilitator
PaymentFacilitator Launching New India Site
As we’ve often noted in PaymentFacilitator, India is on track to become a global leader in digital payments.
So, to better enable us to take our readers where the opportunity is, we’re launching a new sister site: PaymentFacilitator.in.

PayPal Buying Binge Supports Marketplace Payments with Hyperwallet Acquisition

Payments
PayPal Buying Binge Supports Marketplace Payments with Hyperwallet Acquisition
Payment Facilitator
PayPal Buying Binge Supports Marketplace Payments with Hyperwallet Acquisition
PayPal is still on a buying binge, with two more companies added to its slate of acquisitions last week. The first was Hyperwallet, which the company said improves its ability to serve ecommerce platforms and marketplaces, a global market it called a “tremendous opportunity.”