Paypal has entered into an agreement with Multicaja in order to assist local businesses to grow globally, through a service labelled Retiros Multicaja. The Chilean payment network has more than 50,000 merchants.
The new service will enable Chilean SME’s which accept international payments via PayPal, to withdraw their funds directly into their local bank accounts. According to PayPal, the partnership will help Chilean merchants connect with buyers around the globe.
Plans to work with Multicaja to expand consumer opportunities are also in the pipeline.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.