Payments News

On The Web

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Companies

GCash, Starbucks Introduce New Mobile Payment Option

“Getting a cup of our favorite Starbucks handcrafted beverage is now easier with GCash, the leading mobile wallet in the Philippines. As of September 2018, Starbucks had 373 licensed stores nationwide. It opened its first branch in the Philippines in 1997 at the 6750 Ayala Building in Makati City, making the Philippines the third overseas […]
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Global

Tech Startups Are Flooding Kenya With Apps Offering High-Interest Loans

“In Kenya, the first country where digital credit has gone mainstream, borrowers are learning that with financial inclusion comes financial risk. With dozens of apps offering short-term advances similar to payday loans, word of debt’s dangers is spreading from the office towers of Nairobi to the grasslands of Maasai Mara. People who once borrowed mainly […]
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Systems

Why the Fed Is Taking an Incremental Approach to Faster Payments

“The Federal Reserve faces a dilemma in constructing a real-time payments system. On one hand, the market seemed to demand faster payments solutions yesterday. On the other, the Fed’s undertaking is complex, so making it work will take time. To address both realities, the leader of the central bank’s project says the Fed has adopted […]
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Companies

The Future Of Payments: Fintech 50 2020

“Payments companies continue to be some of the most highly valued businesses in fintech. They had notable exits in 2019, including Visa’s pending $5.3 billion acquisition of Plaid and the IPO of Bill.com , a $4 billion (market value) business-to-business payment processor that has doubled in value since it went public in December 2019. Last […]

On The Wires

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Companies

‘Dine and Dash’ Redefined With New Clover Scan to Pay Feature

“Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover® platform from Fiserv, Inc.  With Scan to Pay, guests use their iPhone camera to scan a Clover-generated QR code at the bottom of their receipt to pay their restaurant […]
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Companies

Klarna and TOMS Pair Up for Payments

“TOMS has partnered with Klarna, the leading global alternative payments provider, to give shoppers in the U.S. two new options at the online checkout to pay later in either four equal installments or in 30 days – with no interest or fees. TOMS engages customers by integrating them into their giving strategy, and flexible payment […]
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Companies

Klarna Acquires the Italian `Buy Now, Pay Later’ Startup Moneymour

“Klarna, one of the world’s leading smooth shopping and payment providers, today announced an agreement to acquire Moneymour, an Italian payment company, from the founders and minority investors. Through the acquisition Klarna gains access to intellectual property to further improve underwriting capabilities, and additional expertise and competence, as the full Moneymour team will join Klarna. […]