Video: fintech news pick of the week – Square, Lloyds and VNLIFE
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Square
Square plans $29bn acquisition of Aussie BNPL firm Afterpay
The deal will become Australia’s largest ever acquisition.
Square goes on hiring spree ahead of new banking product launches
Square is “building a suite of new financial products”.
Square buys majority stake in Tidal for $297m as Jay Z joins board
Tidal is the latest in a few sales Jay Z has made in recent weeks.
Square finally launches bank after filing first application in 2017
Previously, Jack Dorsey’s fintech partnered with Celtic Bank for banking products.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
Square’s $55bn valuation reaches skies of major US banks
Square is $20 billion away from matching Goldman Sachs’ market valuation.
Square buys up Spanish P2P payment app Verse
Verse will join forces with Square’s Cash App.
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
Square Opens Manhattan Store
Mobile POS pioneer Square is venturing into new territory with its own brick-and-mortar store in Manhattan.
Square Launches Virtual Terminal Service in U.K.
About two months after launching in the U.K., Square has introduced its Virtual Terminal service there. The technology enables merchants to accept payments through the Square dashboard, an appealing prospect for online service providers, contractors and other smaller firms that do relatively few face-to-face transactions.
Square Cash Gets Physical with Companion Prepaid Card
Square Inc. has begun rolling out a physical plastic card for use with the company’s Square Cash P2P money transfer service—a move that could help differentiate the service from its P2P competitors by making it easier for users to instantly spend funds they receive via transfer.
Zelle Makes Presence Known in P2P Arena
The recent performance of Zelle Network, the P2P payments platform with the funny name, is no laughing matter for competing P2P providers. Early Warning Services, a provider of real-time payments, authentication and risk mitigation services, announced April 17 that its Zelle Network processed more than 170 million P2P payments in 2016, totaling $55 billion in transaction value.
