On The Web

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Domains

EMarketer Identifies Top Countries for Mobile Payments Adoption

October 28 2019

• in
• Mobile Payments

“China remains the country with by far the highest mobile payments adoption rate, with 81.1% of smartphone owners making use of the technology, eMarketer reports .”

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Domains

EMarketer Apple Pay Forecast Estimates, US Mobile Proximity Payment Forecast Estimates

October 28 2019

• in
• Mobile Payments

“Apple Pay’s dominance, as well as increasing retailer adoption of proximity mobile payment technology, is driving transaction volume growth in the US, according to our latest forecast. We estimate US proximity mobile payment transactions will total $98.88 billion in 2019, growing 31.8% to $130.36 billion next year. By 2021, the total transaction value will reach […]

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Domains

Russia, China & India to Set up Alternative to SWIFT Payment System to Connect 3 Billion People

October 28 2019

• in
• Cross-border payments

“Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India does not have a domestic financial messaging system yet, it plans […]

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Domains

Mastercard to Launch Solution for Smartphones to Become Contactless Acceptance Devices

October 29 2019

• in
• mPOS

“Merchants and retailers may soon be able to accept contactless card payments on their phones. Global payments major Mastercard is set to launch a solution in India where a smartphone can become a contactless acceptance device.”

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Companies

Amazon Will Launch New Grocery Store As Alternative to Whole Foods

November 11 2019

• in
• Amazon
• POS

“Amazon on Monday said it plans to open its first new brand of grocery store in California next year, as it amps up its ambitious push to become a bigger name in food. “Amazon is opening a grocery store in Woodland Hills in 2020,” an Amazon spokesperson confirmed to CNET on Monday morning, soon after […]

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Domains

Singles Day: There Sure Are a Lot of People in China Buying Stuff Online

November 11 2019

• in
• Remote Commerce

“The planet’s biggest shopping day is upon us, and Alibaba, the Chinese e-commerce behemoth , is poised again to show the world how many mountains of stuff it can persuade people to buy in the 24 hours of Nov. 11, also known as Singles Day. Last year, more than $30 billion worth of merchandise was sold […]

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Domains

GoCardless Partners With TransferWise to Bring Low Cost Currency Conversion to Recurring Payments

November 6 2019

• in
• Remittances

“GoCardless , the London fintech that makes it easy for businesses to offer recurring bank payments, has partnered with TransferWise for its currency exchange. The move sees GoCardless utilise the TransferWise API and the money transfer company’s “TransferWise for Business” product and in turn provide TransferWise’s FX rates to its own customers.”

On The Wires

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Domains

American Express, Discover, Mastercard and Visa Implement Click to Pay to Make Online Checkout Simple and Secure

October 22 2019

• in
• Remote Commerce

“Today, American Express, Discover, Mastercard and Visa announced the arrival of faster, more secure online checkout based on the new EMV® Secure Remote Commerce (SRC) industry standard, establishing a simplified way for card payments to be made across web and mobile sites, mobile apps and connected devices. The networks have tested SRC technology in market […]

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Domains

Paymentus and Amazon Team up to Provide an Easier Way for Customers to Manage Their Bills With Alexa

October 28 2019

• in
• Bill Payment
• Voice interface

“Paymentus Corporation, a leader in customer engagement and bill payment technology, today announced that billers on the Paymentus Instant Payment Network can soon offer customers a more intuitive way to interact with and manage utility bills via any Alexa-enabled device. With this announcement, customers of participating billers will soon be able to link their utility […]

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Domains

Xoom Rolls Out Domestic Money Transfer Services in the U.S.

November 12 2019

• in
• Remittances

“Xoom , PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country.”