News Formal

European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SumUp, a U.K.-based payment processor, has acquired start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square.

Square. As the start-up plots an expansion in the U.S., rivalry with those big players is set to intensify. But SumUp thinks there's enough room for a number of different companies to co-exist.

Helms said the U.S. market has seen a shift in spending patterns during the coronavirus pandemic, with payment options like non-physical transactions, invoicing and payment links seeing increased growth.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Thank you！

I don’t think anybody is interested in the USofA to set up another CashApp or Venmo account. That pool seems crowded. PoS is straight at this point too. FinTech

thanks

mtbarnet72

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Biden vows to prod companies if they don't act on supply chains: 'We're going to call them out'President Joe Biden on Wednesday pressed for more private companies to help alleviate supply-chain bottlenecks, as he touted expanded hours for a major U.S.... this is terrible news Tell me you know nothing about logistics without telling me you know nothing about logistics Is it that bad? I think it would be a great help to the supply chain to reduce the shortages
Källa: MarketWatch - 🏆 3. / 97 Läs mer »