Tencent Sees Payments Growth Driven by Merchant Adoption
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, ...
Tag: earnings
Larger Sellers Account for 51% of Square’s Gross Payment Volume as ‘Ecosystem’ Takes Root
Square Inc. saw gross payment volume increase 28% year-over-year to $23 billion in the fourth quarter of 2018. The payments processing ...
Worldpay’s Tech Solutions Revenue Up 21%, Fueling Growth
Beating expectations, Worldpay reported total organic net revenue growth of 10% in the fourth quarter of 2018, aided largely by ...
What ‘Digital Investment Advice’ Product Is Northern Trust Building?
When a money manager that controls $1.1 trillion decides to build a new digital product, the effort deserves attention. But ...
Green Dot to Launch 2 Account Products, Build Out BaaS Platform
Green Dot, a Pasadena-Calif.-based financial services company with a banking license, is making no secret of its success and broader ...
Venmo’s Instant Cashout Option to Create Revenue for PayPal in 2019
PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo’s revenue run-rate is over ...
Facebook’s Payments Revenue Soars 42%
Payments revenue at Facebook is up — way up. The company’s “payments and other fees” category banked a record $274 million ...
Apple Pay Helps Bolster Tech Giant’s Services Revenue Gains
Apple’s mobile payment service Apple Pay helped the company’s services business revenue grow 19% year-over-year to reach an all-time high ...
Bank Execs Optimistic Tech Spend Will Yield Cost Savings, Eventually
Executives at the four big U.S. banks seem to be optimistic their technology and innovation investments will pay off in ...
Will Digital Technology Save Citi More Than $1 Billion Over the Next 3 Years?
Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and ...
