Payments News » Domains

Seoul To Launch To Its Own Mobile Payment Platform: Report

July 13 2018

“The municipal government has formed a task force that will work to launch the service, tentatively called S-Pay, which aims to improve payment convenience for citizens and small businesses. The task force will aim to build the system for the platform and cooperate with banks as well as find partnered small businesses. The platform will […]

Companies

Uber And Uber Eats Now Let You Split The Bill Using Venmo

July 12 2018

in
P2P
Uber
Venmo

“A key factor in this latest partnership appears to be data suggesting Venmo was already a popular mechanism for sharing payments between multiple Uber riders. Someone would pay for an Uber ride through their account, as usual, and then request reimbursement from their friends through Venmo. According to the company, more than 6 million Venmo […]

Companies

PayPal Leads $50M Round For PPRO, A Profitable Cross-Border Payment Specialist

July 16 2018

“PayPal is leading a $50 million investment into PPRO, a London-based business that is focused on cross-border payments for merchants, specifically by offering the merchants a seamless way of accepting payments from customers using whatever the most popular payment form happens to be in a particular country. To date, the PPRO platform covers some 140 payment methods, […]

Domains

Banks Are Building A Super-Speed Money Highway In The Nordics

July 18 2018

“The biggest Nordic banks expect to launch a new piece of financial infrastructure next year, promising to dramatically speed up international transfers in one of the world’s most technologically advanced regions. The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency. The P27 project — so-called for […]

Domains

More Than Half Billion Chinese Pay By Mobile Phones: Report

July 20 2018

in
Mobile Payments

“China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report. The number of mobile payment users increased by 57.83 million in 2017, 12.3-percent growth, the Internet Society of China said in the report. Total online payment users reached […]

Companies

Chinese Tech Giant Tencent Plans To Expand Its US Payments Footprint — Despite Ongoing Trade War

July 19 2018

“Tencent has focused on expanding the payments service abroad, but it has stopped short of trying to create a local version of WeChat for other countries. Instead, the company has been focused on signing up merchants in many countries to accept WeChat Pay so Chinese tourists can use the payments platform abroad. And Tencent is […]

Domains

Africa’s Dominant Mobile Money Service Is In Talks To Open In Ethiopia

July 18 2018

“The telecom company is reportedly in advanced talks with Ethiopian officials to introduce its popular mobile money service M-Pesa in the country, according to Reuters. The state telecommunications monopoly Ethio Telecom will carry the service, while Safaricom will host the servers back in Nairobi. If this goes ahead, the deal will present Safaricom with a lucrative opportunity […]

Domains

Bill.com Introduces International Business Payments

July 11 2018

“With Bill.com International Business Payments, users can now pay both international and domestic vendors electronically using one simple process, while getting visibility and control with detailed payment information all in one place. In addition to significant time savings, Bill.com saves its users over 50 percent on the cost of international wire transfer fees compared to […]

Companies

Zelle Study Finds Growing Use Of Digital Payments Across Generations

July 12 2018

in
P2P
Zelle

“The study found that adoption and usage of digital person-to-person (P2P) payments are high among all generations, with consumers pointing to trust in friends and family and trust in their financial institutions as the primary reasons for engaging in a digital payment. Boomers ranked trust in financial institutions as the most important influence on engaging […]

Domains

MYPINPAD Launches Open mPOS Platform for PIN On Mobile

July 20 2018

“MYPINPAD, the global leader in payment acceptance and authentication software solutions, today announces the launch of Open mPOS. Open mPOS is a complete mPOS authentication platform that uniquely enables merchants, Acquirers and Payment Service Providers (PSPs) to deploy PIN on Mobile technologies without the need to undergo their own Software PIN on COTS (SPoC) PCI certification. […]