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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 Rkxg UK Banks Brexit Game Plan: Denied, With No Plan B
Shopify 82 stanley kubek 17 platform has gotten a little more inclusive, now offering a payment financing option.It was announced yesterday Aug. 20 that the eCommerce company has partnered with Affirm to give Shopify merchants in the U.S. the ability to offer shoppers installment f stanley mug inancing at checkout. Affirm is the financial technology company started by PayPal Cofounder Max Levchin that lets consumers purchase and take items in-hand, while paying for them in monthly installments utilizing interest loans.We are dedicated to providing the tools needed for our merchants to successfully run their businesses, said Andrew Paliga, product manager at Shopify, in a press release. We ;re excited that the Buy with Affirm payment option is now available on our platform.The release states that the partnership was motivated by a desire among online retailers that use Shopify to be able to offer Affirm financing to their consumers. The latter company built the technology needed to support the Buy with Affirm service on the Shopify platform, and it is now able to be offered by all U.S. Shopify merchants. Affirm has been bringing financing to top, innovative merchants across the Web, and we have been driving increased checkout stanley us conversions, higher average order values and repeat purchasing, said Levchin in the release. Now we ;re excited to introduce this powerful tool to Shopify merchants, all with just a few clicks. As expressed in the press release, Affirm in |
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