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This Week In Payments: Digital Banking, Financial Literacy And Expanded eCommerce Competition

PYMNTS

Ranchere said that’s most observable in the world of challenger banks, as investors reevaluate the core value such firms offer — and their sky-high valuations. For example, Monzo raised funds at a lower valuation level after recently announcing some layoffs. There was no shortage of news in the challenger-banking space this week.

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Funding Lands T&E Firm TripActions $4B Valuation

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Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. PYMNTS looks at other industry players around the globe that caught investors’ attention below. TripActions.

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

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Of Goldman’s $7 billion in consumer loans and card balances in 2019, card lending accounted for “a significant portion.”. Loans were primarily issued to SMB merchants that sell on the site, and bank partnerships were leveraged in some foreign markets. Never underestimate the value of logistics.

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Sizzle Fizzle: Amazon And Western Union Sizzle, Phone Upgrades Fizzle

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Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. But for about for about one-third o f the world’s adult population ( 1.7 percent per year.

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eBay, Amazon And eTail’s Royal Rumble

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eBay’s essential allegation is that after being tipped off by a seller on the platform, an internal investigation revealed that Amazon has allegedly been creating fake eBay seller accounts so they could use eBay’s internal messaging system to reach out to eBay sellers – and invite them to come sell on Amazon’s marketplace instead.

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Visa’s Long-Term View On Klarna

PYMNTS

Visa’s push into mobile payments continues when late last month it announced its strategic investment in Klarna, the 12-year-old, Sweden-based startup focused on payments and POS financing that counts 70,000 eCommerce sites among its 65 to 70 million customer roster throughout 18 countries. according to Gajda. “We

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Uber’s Rough Ride Of A Week

PYMNTS

Moreover, even in its home country, Uber’s dominance has been slipping, with some estimating that rival Lyft will account for as much as a third of the market within the next few years. a share, a price that would decrease Uber’s $60 billion valuation by 30 percent. billion in funding.