Payments News

On The Web

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Companies

Walmart Posts 41% Online Sales Growth In Q3 As Grocery Investments Pay Off – Retail TouchPoints

“Walmart is headed into the holidays with a jolly outlook after posting Q3 online sales growth of 41% and a better-than-expected 3.2% growth rate in U.S. same-store sales. The company attributed the online sales growth to ongoing expansion of its online grocery services. Walmart as a whole now generates 56% of its revenue from food and grocery sales.”
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Domains

Walmart’s Jet to Cease Its New York City Fresh Grocery Business

“The move is the latest example of the declining importance of Jet, a business Walmart paid $3.3 billion to acquire in 2016 to reach urban millennials and gain the services of co-founder Marc Lore, who has taken over Walmart’s U.S. e-commerce operations. The company’s online revenue has increased — but most of the unit’s success […]
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Domains

China mobile payments maintain rapid growth in Q3

“China’s mobile payments continued fast growth in the third quarter of 2019, showed data from the central bank. Banks in the country processed 27.27 billion mobile payment transactions in the period, up 61.05 percent year on year, said the People’s Bank of China in a report. Value of these transactions increased by 31.52 percent from […]
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Companies

Amazon Will Launch New Grocery Store As Alternative to Whole Foods

“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 […]

On The Wires

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Domains

PayByPhone Surpasses 30 Million Users

“PayByPhone, the leading global provider of mobile parking payment solutions, today announced it reached over 30 million registered users mark – a 22 percent growth from last year. Additionally, PayByPhone completed more than 102 million global transactions year to date. The volume of PayByPhone’s transactions rose 29 percent year-over-year.”
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Deals

Ripple Makes Investment in MoneyGram Equity to Complete Original Investment Commitment, Expansion of On-Demand Liquidity Accelerated

“MoneyGram (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced that Ripple , a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year.  Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, which represents […]
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Domains

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

“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.”