Payments News

On The Web

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Domains

As China’s Outbound Tourism Rises, Mobile Payments Will Be Key to Capturing Chinese Tourists’ Spending

“Chinese outbound tourism rose to approximately 81.3 million trips in the first half of 2019, up 14% year-over-year (YoY), per the Chinese Tourism Academy as cited in a report from Alipay and Nielsen, presenting payments providers with a valuable chance to rack up volume and build loyalty. And considering the most popular factor that affects […]
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Domains

Merchants’ POS Systems Ambitions Include Omnichannel and Enhancements: Survey

““We continue to see a lot of activity focused on enhancing existing POS capabilities and omnichannel integration, when we had expected an increase in plans for the implementation of a single, unified commerce platform,” Ryan Grogman, RCP managing partner, says in an email to Digital Transactions News.“While this might just be a short-term trend, it is interesting […]
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Domains

Remitly and Alipay Partner on Cross-border Remittances

“Online money transfer service Remitly has partnered with payment platform Alipay to enable international remittances for its customers. Remitly customers will be able to transfer funds using their smartphone or computer. Also, users can receive money in the Alipay app. Remitly is said to be the first online money transfer service to launch this feature […]
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Domains

Thai Banks Spread QR Code in Asean

“Thailand is set to kick off cross-border payment via QR code technology in Asean by mid-year, aiming to enhance financial transactions through the digital platform across the region. Digital payments between Thailand and Singapore, Cambodia and Myanmar are expected to begin in the middle of the year, said Siritida Panomwon Na Ayudhya, assistant governor for […]
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Deals

Ramp, a Brex and Amex Rival, Raises $25 Million for a New Corporate Card

“A new credit card startup is taking aim at American Express and other stalwarts that have long dominated corporate expense accounts. Ramp, a New York-based fintech firm whose founders sold their last venture to Capital One , has raised $25 million and signed up nearly 100 businesses to its card, the company announced Wednesday.”
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Domains

RBC Now Offers an Interac E-Transfer Bulk Request Money Feature

“RBC announced that it now offers an Interac e-Transfer Bulk Request Money feature to its business banking clients. The digital subscription-based service enables businesses to send multiple payment requests at once with automated reminders to save time. RBC says that this new feature delivers a simplified initiation process since payment reminders can be facilitated with […]

On The Wires

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Domains

Western Union and France’s La Banque Postale Expand Global Digital Payments

“La Banque Postale , the banking subsidiary of France’s postal services’ operator, La Poste Group and one of France’s major banking networks with 10.3 million active customers today announced – as payment agent of Western Union – the expansion of global digital payment services, powered by Western Union (NYSE: WU), a leader in cross-border, cross-currency […]
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Domains

MoneyGram Launches Innovative MoneyGram FastSend™ Service Enabling Customers to Send Money Directly to a Phone Number

“To use FastSend, customers simply log in to the MoneyGram app or website, enter the receiver’s name and phone number, and select FastSend. A text is sent to the receiver notifying them that they have funds immediately available for deposit. The receiver then logs in, adds their debit card, and the funds are transferred into […]