NETS and ITMX Simplify QR; Square Disappoints: 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.


The Power of Two

NETS and ITMX simplify QR for Thailand locals. Thailand’s interbank payment infrastructure, ITMX, and NETS have partnered together to benefit local consumers. With the ITMX-NETS program, Thai mobile wallet users will soon be able to scan the NETS QR code and NETS Pay users will be able to scan the Thai standardized code, enabling consumers from both Thailand and Singapore to use QR codes to pay in either country. From Fintech Singapore.


Market Insight

What is Wall Street saying about Square? A lot! Regarding their third quarter earnings and fourth quarter projections specifically, the company received accolades for a third quarter revenue report that exceeded expectations, but their fourth quarter projections seem to disappoint. And while analysts project Square stock will continue its upward momentum, there are a few things for shareholders to keep in mind. From Business Insider.


Industry News

Sunil Rajasekar Named Chief Technology Officer of MINDBODY

Powerhouse Arcadia Become One of the First Fashion Retailers to Model Klarna’s New Slice It in 3 in the UK

Mobile Commerce is Fastest-growing Sales Channel in the U.S.

KASIKORNBANK Partners with Grab to Join the Largest Fintech Ecosystem in Southeast Asia

UOB and Grab Announce Strategic Regional Alliance to Accelerate the Use of Digital Services Among ASEAN’s Consumers

Payfacto: A New International Leader in Payment Solutions