The payfac model has catapulted into the mainstream, thanks to payments disruptors like PayPal, Square, and Stripe. The growth in the number of payfacs, and in the payment volume passing through them, is reshaping key relationships within the payments ecosystem. But the model bears some drawbacks for the diverse swath of companies adopting it, as well as for the merchants that work with them.

Digital commerce platforms help merchants of all sizes sell online, making them an increasingly big factor in ecommerce payments. This creates new opportunities for processors, gateways, and other payments stakeholders to reach merchants—but also complicates their relationship.

US B2B payments declined slightly faster than expected in 2020 at -7.1% as opposed to -4.9% for an actual sales value of $25.539 trillion in 2020. By year end 2021, those sales will grow by 7.8% for an overall sales value of $27.542 trillion.

Till introduced four new features that help tenants pay their rent with more ease and rewards them for on-time payments so landlords can get paid faster with fewer missed payments—making Till’s platform more useful.

The partnership lets JPMorgan increase revenues and processing volume through Alibaba’s vast business—helping the bank further build out its wholesale payments unit.

The Epic v. Apple ruling dings both companies, and the fight isn’t over: Apple has to loosen payment restrictions while Epic has to pay a fine, but Fortnite won’t return to the App Store yet.

The retail giant’s new job opening for a crypto experts suggests it’s looking to enable crypto payment acceptance and build out its fintech business.

The service lets corporate clients send payment requests directly to the bank’s retail customers—helping it strengthen client relationships and opening the way for other transaction use cases, like B2B payments.

Revised rule guidelines mean online merchants and payment gateways won’t be allowed to save card details, limiting the ability to market products to consumers and potentially adding friction for customers—but it could benefit UPI and mobile wallets.

The top 10 P2P payment apps worldwide

The prepaid digital payment system caters to essential transactions like medical payments and food vouchers and can help increase financial inclusion for the country’s unbanked population.

Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments that is set to last. This trend is leading providers to diversify their offerings and compete for share of the market.

Square’s unexpected purchase is set to shake up the buy now, pay later (BNPL) space while also opening up cross-selling opportunities for the payments giant, helping it to maintain its edge over top rival PayPal.

Zelle’s processed a whopping 436 million transactions worth $120 billion, and as the peer-to-peer payments space expands, it can target small businesses to capture more market share and grow its business.

A job posting suggests the etailer wants to dive into the growing crypto payments space—and perhaps develop a proprietary digital currency—before it falls behind other Big Tech firms.

Currencycloud provides API-based foreign exchange banking and payments services and can help Visa strengthen its position in the cross-border payments market.