Paytm Appoints New CEO; PayPal Targets the Underdog: 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.


Strategic Advancements

Paytm Payments Bank appoints new CEO. Satish Kumar Gupta, the former general manager at Stata Bank of India, has been hired to help strengthen compliance and safety protocol within the bank. With Paytm Payments Bank currently banned (by the RBI) from enrolling new customers as of July, the hope is that Gupta will help move the company forward. From The Economic Times.


Powerful Partnerships

SBI and Hitachi join forces. State Bank of India and Hitachi Payment Services have come together to create a new card-acceptance and digital payments platform. QR code acceptance and UPI-based payments, as well as transportation and e-commerce businesses are the main modalities/sectors being targeted with this initiative. From The Economic Times.


The Digital Download

PayPal targets the digital underdog. According to PayPal COO Bill Ready, small businesses have suffered greatly with the digital movement. The desire to digitize often compromises SMBs as they are predominantly tied to the physical world – not the digital one. Ready aims to change this by offering SMBs access to tools needed to navigate the digital interface, such as those needed to conduct business online, on mobile and through social media. From Yahoo Finance.


Industry News 

USA Technologies Announces Contactless Debit Card Capabilities in Canada with Interac Flash

Infinicept Ramps up Team to Extend Its Lead in Payment Facilitator Enablement

NETELLER Digital Wallet Now Live in Japan

Booking Holdings and Grab Enter into Strategic Partnership

Grab and Mastercard to Launch Prepaid Cards for Southeast Asia’s 400 Million Unbanked

JPMorgan Chase Awarded Women’s Network in Electronic Transactions (WNET) Corporate Diversity Champion Award at Money 20/20 Conference

PayStand Releases SuiteApp Integration to Extend Best-in-Class Payment Functionality Within NetSuite

Shopify Adds Venmo as a Checkout Option