Rock Amount Raises $30 Million to Expand Into Credit Union Space
PayPal has become the first foreign company to own 100 percent of a payments platform in Chi
stanley tumblers na as the financial technology company gobbled up the rest of GoPay, according to a Thursday Jan. 14 Reuters report.PayPal had acquired a 70 percent equity stake in
stanley us GoPay, officially known as Guofubao Information Technology, in late 2019. At the time, PayPal said it was the FinTechs first foreign on
stanley quencher line-only payments platform.And it was the first foreign company licensed to provide online payment services in China. This important step will allow us to be a stronger partner to Chinese financial institutions and technology platforms, PayPal president and CEO Dan Schulman said when the firm launched its foray into China.John Rainey, PayPals chief financial officer, added that the company was looking to make more deals in China. Theres a lot of opportunities to acquire companies inorganically, he said.GoPay is licensed for digital and mobile transactions and operates similar to PayPal. The payments market in China is currently dominated by payments giants like Alipay, owned by Alibaba spinoff Ant Group, and WeChat Pay, owned by Tencent Holdings.The Global Times said聽shareholder data shows that Cofortune Information Technology Co. had now sold its 30 percent stake in GoPay.Financial details werent disclosed in the data, which showed the deal was sealed Dec. 31, reported Reuters. PayPal declined comment.The new GoPay purchase comes amid Beijing regulators crackdown on Ant Group. And the Uvdp Approaching Trade Finance From The Payables Side
The early birds get all the worms or, in this case, less stress since lots of consumers have already started holiday shopping by the end of September.That acco
stanley cup rding to the American Express Spending Savings Tracker, which found 33 percent of consumers indicated they already started shopping at the end of September, up from 25 percent last year.As for how much consumers in the U.S. plan to spend on holiday gifts, American Express found it an average of $908, up 8 percent from last year. Among the
stanley usa affluent, the amount goes up to $1,513. That should be welcome news for retailers who get a lot of their sales during the holiday season.According to American Express, the most popular gifts this holiday season include gift cards, clothing/ac
stanley website cessories and toys/games. While consumers are spending more money on gifts this year, they are becoming savvier with how they spend their time shopping, said Kartik Mani, EVP of global consumer lending at American Express, in the聽press release. With our constant connection to technology, more Americans than ever before are using their mobile devices to help them make holiday purchases. The survey also found that three in four Americans, or 76 percent, are using their mobile devices for holiday shopping聽鈥?be it browsing to compare prices or to check out online deals. Theres also been an uptick in Americans planning to purchase and/or redeem eGift cards on mobile devices, with 62 percent saying they would compared to 26 perce
