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.
A new partnership is enabling Stripe merchants in Malaysia and Singapore to offer GrabPay as a payment method, alongside cards and other online payment options. The company plans to expand the capability to other countries in Southeast Asia. A classified marketplace already offering GrabPay has seen a 20% increase in transactions since adding it in October, the company said. From Tech in Asia.
Swedish buy-now-pay-later provider Klarna is said to be working on a new investment round that may value it at more than $40 billion. The round is backed by SoftBank, among other investors. Details haven’t yet been made public, but the investment this round is likely to be less than the $1 billion the company raised in March. From CNBC.
Leading Indian PF Paytm is looking to raise about $3 billion in an IPO later this year. If all goes as planned, that would be the largest IPO so far in India. The company is targeting a valuation of about $25 billion to $30 billion. From Business Standard.