Payments News

On The Web

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Companies

Apple Pay to Charge Slovak Banks 0.2% Transaction Fee

“Apple is to charge participating banks a 0.2% transaction fee when its Apple Pay service launches in Slovakia later this year,according to local newspaper Hospodárske Noviny. A provisioning fee of 1.17 euros (US$1.32) will be charged as well.”
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Companies

Facebook in Talks With Banks About Mobile Payments in Africa

“Facebook is in talks with financial institutions about possible mobile-payment collaborations in Africa, says Carolyn Everson, a vice-president at the social networking group. In 2018, Absa partnered with Facebook’s popular WhatsApp messaging platform to launch the world’s first chat-banking service. The platform lets customers make peer-to-peer payments or pay utility bills, among other features. “It’s […]
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Companies

Op-Ed | EBay Is the Un-Amazon, for Better and Worse

“How can a company be both the second-place player in its fast-growing industry – and largely excluded from the conversation about the future of said industry? That’s the weird position occupied by EBay Inc. The company grabs a larger share of the U.S. e-commerce market than Walmart Inc., Apple Inc., and every other retailer besides Amazon.com Inc. The $95 […]
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Companies

FIS Is Buying Worldpay for $43 Billion to Form Payments Giant

“The new entity, which will have annual revenue of more than $12 billion, will be better placed to serve the world’s growing e-commerce industry, the two US companies said in a statement Monday. FIS is offering Worldpay shareholders a mix of cash and stock to make the deal happen. It will assume Worldpay’s debt as part […]
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On The Wires

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Companies

Ant Financial Launches Distributed Core Banking Platform With Hoperun Information Technology

“Ant Financial Services Group (Ant Financial) and Jiangsu-based Hoperun Information Technology (Hoperun) today unveiled its Distributed Core Banking Platform (DCBP), a next generation banking product which is designed to help financial institutions shift their business models from transaction-oriented to customer-oriented. The platform also aims to help financial institutions tackle digital challenges, including distributed development, financial […]
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