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WeChat, Alipay Partner QFPay Notches $20M For Payment Innovation

PYMNTS

Digital payments startup QFPay , the largest global partner of WeChat Pay and Alipay, raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners, TechCrunch reported on Tuesday (Aug. QFPay was founded in China in 2012 and is known for its QR code-based technology.

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FSB: No Govt Contracts For Big UK Firms That Pay Late

PYMNTS

The Carillion bankruptcy has certainly helped shine a spotlight on late payments in the United Kingdom. Many trade groups have advocated for change in the way payment terms are handled by the government — and for repercussions when it comes to late payments. Our members are providing the working capital of big companies.”.

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Banks Keep SMB Lending Gains Rolling

PYMNTS

When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement. percent approval rating in March of 2012, Biz2Credit noted.

Lending 102
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities.

Online 98
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What Apple Didn’t Tell You Last Week

PYMNTS

Stockholm is the largest city in the small country of Sweden that’s famous for a few other things, too: charming and beautiful people, long dark winters, short but amazing summers, generous government and social benefits, and having one of the most progressive tax systems in the world. times the average Swedish income.

Apple 100
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Can Rio de Janeiro Withstand The Olympic Pressure?

PYMNTS

In an effort to spur job growth, the Brazilian government offered tax and legal incentives for technology companies within Rio. As the exclusive payment provider of the Olympic Games , Visa is using the opportunity to roll out the next generation of payments wearables.

Trends 100
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The Periodic Table of Tech in India

CB Insights

Our periodic table consists of 3 components: a selection of companies that have come to define tech in the country, the investors (including venture capital, corporations, and corporate venture capital arms) that support them, and notable exits from recent years. Venture Capital. Click the image below to enlarge.

Capital 53