BankingBusinessPayments

Velo Payments to acquire payment processing platform YapStone

US-based Velo Payments is set to acquire YapStone, a payment processing platform for the short-term and vacation rental industry.

Facts

  • YapStone, founded in 1999, is a California-based payment processing platform.
  • Velo Payments, founded in 2017, offers a global payments platform with real-time transaction data and various payment methods.
  • The acquisition process will commence this quarter, pending regulatory approvals and customary closing conditions.
  • Velo Payments aims to combine its open banking platform with YapStone’s licenses to enhance payment experiences and simplify cross-border payments.
  • CEOs of both companies express their enthusiasm for simplifying and optimizing payments in various industries.
Previous article
Meta confirms AI ‘off-switch’ incoming to Facebook, Instagram in Europe
Next article
Mastering the Market: Inside Tips and Tactics for Savvy Traders
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Solaris Aims to Become Europe’s First AI-Native Bank

The German fintech introduces AI-driven banking solutions for a modern banking experience.Highlights: Solaris plans to introduce AI-driven banking...
FinTech

ECB Board Member Advocates for Digital Euro Adoption

The move aims to modernize the Eurozone's financial system.Highlights: ECB Board Member calls for the urgent implementation of...
FinTech

VC Investors Urge EC to Strengthen Quantum Computing Initiatives

Investment firms emphasize the potential of quantum technology for Europe.Highlights: Investors highlight the significance of quantum computing for...
FinTech

Solana Foundation Launches Financial Developer Platform

Enhancing tools for developers in the blockchain finance space.Highlights: Solana Foundation introduces a new financial developer platform.The platform...