Sweden-based Seamless posted third quarter revenue of SEK 75 million, an increase of 75% compared to the same period last year. The Company’s Flagship product, SEQR, is now looking for one or more co-investors.
Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.
US-based Verifone has inked an agreement to acquire InterCard AG, a top Payment as a Service provider in Germany. The combination of Verifone and InterCard in Germany creates a point of sale terminal and multichannel Payment as a Service provider capable of offering merchants secure, simple and innovative end-to-end payment and commerce solutions.