Payments News

On The Web

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Domains

Chinese shoppers are willing to spend more money, says CEO of Alibaba’s InTime department store chain

“In the aftermath of the coronavirus pandemic, China’s consumers are spending less time on the shopping process — but they’re spending more money than before, according to a CEO of an Alibaba -owned company. Chinese shoppers are particularly willing to pay a lot of money on luxury goods and cosmetics, Chen Xiaodong, CEO of InTime, […]

On The Wires

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Domains

O-CITY enters Kenya to drive contactless payments across Matatu bus service

“O-CITY , the automated fare collection provider by BPC, today announces its initiative to drive contactless payments across bus services in Nairobi, Kenya. The O-CITY pilot, designed to reduce the use of cash in response to the COVID-19 pandemic, was launched in partnership with transport savings and credit specialists, NikoDigi, and Kenyan payments firm, Tracom, to […]
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Domains

Bill.com Launches Tailored Offering for Wealth Management Firms to Help Deliver Bill Pay Services for High-Net-Worth Clients

“Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMB) today announced a new offering for wealth management firms supporting high-net-worth clients. The solution enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment […]
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Domains

Cambridge Global Payments and Beanworks Pave the Way for Cross Border Payments and AP Automation

“Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and Beanworks Solutions, a leader in cloud-based accounts payable automation, announce that they are continuing their partnership to combine services and provide customers with a complete AP automation technology solution that can simplify the […]
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Companies

A World of Opportunity: Shopify Launches Partnership with Alipay to Help Merchants Access New Global Consumers

“Today, we’re announcing a partnership with Alipay, Asia’s leading digital wallet platform, unlocking the power of cross-border commerce for Shopify’s merchants. The new payment gateway will allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more […]
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Companies

Mastercard Advances Multi-Rail Strategy to Modernize Business Payments

“Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account (A2A) payments functionality to Mastercard Track™ Business Payment Service. This launch represents the next phase in Mastercard’s journey to modernize business payments by solving persistent pain points that Buyers and Suppliers experience today.  Building on the success of card payments within Mastercard […]
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