Core Insights - Remitee, an international direct-payments infrastructure provider, has raised $20 million in a funding round led by Krealo, with participation from several strategic and institutional investors [1] - The company aims to expand its services across all Latin American corridors and strengthen its presence in the US-Europe-LatAm triangle [1] Company Overview - Established in 2017, Remitee's operating system enables banks, fintech companies, and retailers to offer cross-border payment services [1] - The company currently serves over 40 institutions, including Santander, Banco Galicia, and MoneyGram [4] Market Opportunity - The embedded remittance infrastructure provider aims to grow its enterprise customer base tenfold by 2027 and will continue investing in its technology [2] - According to the Inter-American Development Bank, remittances to Latin America and the Caribbean exceeded $150 billion last year, driven by migrants sending money home [2] Service Features - Remitee's mission is to embed cross-border payments directly into trusted platforms, allowing customers instant access to international transfers without leaving their ecosystem [3] - The infrastructure supports various services, including direct payments for utilities, education, and healthcare [3] Performance Metrics - In 2024, Remitee recorded a fourfold increase in transaction volume year-on-year and achieved sustained profitability [4]

Group 1 - PayPal is focusing on expanding its omnichannel sales strategy by encouraging consumers to use its payment service for everyday purchases both online and in physical stores [3][7] - The company is enhancing its installment lending offerings, including a new push into physical retail environments, as part of its omnichannel strategy [4][7] - In 2022, PayPal reported approximately $33 billion in buy now, pay later (BNPL) payment volume, reflecting a 21% increase compared to 2021 [5] Group 2 - The BNPL service is still in its early stages for physical stores, but it is a key focus area for many players in the industry [5] - PayPal is targeting younger consumers who prefer debit cards and are focused on cash flow management, promoting BNPL as a tool for effective cash flow planning [6] - The company is offering a 5% cash credit on BNPL purchases through the end of the year to attract more shoppers and reduce cart abandonment during the holiday season [7]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Former Fiserv Chief Executive Frank Bisignano, who left the payments processor earlier this year after President Donald Trump tapped him to lead the Social Security Administration, has been appointed as CEO of the Internal Revenue Service as well. Treasury Secretary Scott Bessent, who is acting commissioner for the IRS, announced Bisignano’s appoin ...

Group 1 - Payments giants are expanding into commerce media, with American Express and Mastercard launching competing ad networks within a week [3][6] - American Express reported that its offers segment generated $15 billion in spending last year, primarily from the U.S. market, providing a strong foundation for Amex Ads [4][6] - Early pilots by brands like Marriott and Tumi showed positive results, with Marriott achieving a 300% return on investment and Tumi generating a return on ad spend 30% higher than benchmarks [5][6] Group 2 - Amex Ads leverages first-party data from 34 million U.S. cardholders and includes measurement and brand-safety features [6] - The launch of these ad networks reflects the growing trend of commerce media, where companies utilize first-party customer data to enhance digital advertising monetization [6]

Core Viewpoint - Mastercard is a leading player in the payments industry with a significant market capitalization of approximately $525 billion, reflecting a remarkable increase of over 12,000% since its IPO in 2006 [1] Group 1: Business Performance - Mastercard's stock has experienced a decline of 4% since its peak in late August, raising questions about its current investment potential [2] - The company reported a payment volume of $2.6 trillion in Q2 2025, representing a year-over-year increase of 9.4% [5] - Mastercard's net income for Q2 increased by 14% year over year to $3.7 billion, with a net income margin of 46% [9] - The diluted earnings per share (EPS) have grown at a compound annual rate of 20% over the past three years, with analysts forecasting a 15% annual EPS gain from 2024 to 2027 [11] Group 2: Market Position and Trends - The company benefits from sustainable trends such as the decline in cash usage and the rise of online shopping, which drive the demand for cashless transactions [4] - Mastercard's powerful network effect enhances its competitive position, with billions of active cards accepted at 150 million locations [6] - The emergence of stablecoins in the financial services sector is acknowledged, but Mastercard is adapting by introducing stablecoin compatibility and forming partnerships with fintech companies [8][7] Group 3: Investment Considerations - Despite its strong business fundamentals, Mastercard's stock has underperformed compared to the S&P 500 index over the past five years, with a 70% increase versus the benchmark's 100% gain [10] - The current price-to-earnings (P/E) ratio of approximately 39 is considered high, indicating potential downside risk for investors [12] - While Mastercard is recognized as a high-quality company, the current valuation may not present a compelling investment opportunity unless the P/E ratio falls below 30 [13]

Core Viewpoint - Shift4 Payments, Inc. has declared a cash dividend of $1.50 per share for its 6% Series A Mandatory Convertible Preferred Stock, which will be paid on November 3, 2025 [1] Company Summary - The dividend is applicable to the 10,000,000 shares of 6% Series A Mandatory Convertible Preferred Stock issued on May 5, 2025 [1] - The record date for the dividend payment is set for October 15, 2025 [1]

Core Viewpoint - Triumph Financial, Inc. is set to release its third quarter financial results and management commentary on October 15, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results and management commentary will be available on the Company's Investor Relations website [1] - A conference call to review the financial results will take place on October 16, 2025, at 9:30 a.m. central time [2] - The live video conference can be accessed through a specific link or via the Company's IR website, with an archive available afterward [3] Group 2: Company Overview - Triumph Financial, Inc. (NYSE: TFIN) is a financial and technology company focused on modernizing freight transactions through payments, factoring, intelligence, and banking [4] - The company is headquartered in Dallas, Texas, and its portfolio includes brands such as Triumph, TBK Bank, and LoadPay [4]

Core Viewpoint - Checkout.com has applied for a Merchant Acquirer Limited Purpose Bank (MALPB) license in Georgia, demonstrating its commitment to establishing a robust payment platform for enterprise merchants in the U.S. market [1][5]. Group 1: License Impact - Once approved, the MALPB license will enable Checkout.com to connect directly to U.S. local card networks and operate independently as an acquirer, enhancing operational control and merchant experience [3][4]. - The acquisition of the MALPB license is a significant milestone in Checkout.com's growth trajectory in the U.S., where it has captured 15% of global business volume since entering the market in 2021 [3][4]. Group 2: Business Growth - In 2024, transaction volume in the U.S. is expected to grow by over 80%, outpacing all other regions globally, with a net revenue growth target of over 30% for its core business [3][4]. - The company anticipates that e-commerce payment processing volume will exceed $300 billion by 2025 [3]. Group 3: Strategic Developments - The new license will coincide with the establishment of a new office in Atlanta, a strategic hub for payments and banking in the U.S., complementing existing offices in New York and San Francisco [3][4]. - Checkout.com is also expanding its capabilities in North America, recently entering the Canadian market [3]. Group 4: Leadership and Vision - Jordan Reynolds has been appointed as the CEO of the new Atlanta office and head of North American banking operations, bringing extensive experience from Elavon, SunTrust, and PwC [5][6]. - The CEO of Checkout.com, Guillaume Pousaz, emphasized that the MALPB license will act as a catalyst for growth in the U.S., which is projected to become the company's largest single market by the end of 2027 [6].

Core Insights - The investment strategy focuses on acquiring strong businesses at undervalued prices [1] - The portfolio has evolved through various industries, including technology, banking, and emerging markets [1] - Emphasis is placed on high-quality businesses with significant user bases and content libraries [1] Investment Strategy - The approach involves valuing companies at the EBIT+R&D level to capture potential in R&D investments [1] - The annual return from February 2019 to October 2024 was 11.4% CAGR, which is below the market's 15.18% CAGR [1] - The belief is that expanded knowledge will enable future outperformance of the market [1] Portfolio Management - The strategy aims to minimize portfolio turnover, focusing on holding existing companies rather than frequent trading [1] - The investment philosophy does not endorse "Buy" and "Sell" recommendations, instead categorizing stocks as "Strong Buy" or "Strong Sell" based on their valuation [1] - A "Hold" position may be initiated for high-quality businesses if pricing is not favorable [1]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Digital payments processor Checkout.com has submitted its application for a banking charter to the Georgia Department of Banking and Finance, the company said Friday. The U.K.-based firm is seeking Georgia’s merchant acquirer limited purpose bank charter to facilitate its U.S. expansion and gain direct access to the payment networks of behemoths Visa ...