Payments News

On The Web

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Uber Says It’s Having Some Success in Reducing Payment Card Costs

“Uber didn’t disclose card-acceptance costs in its latest financial report, but Digital Transactions News estimates the bills total at least $1 billion a year. That estimate is based on figures from the registration statement Uber filed ahead of its May initial public offering of stock. The document said Uber paid $749 million in credit card processing fees […]
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Global

Africell to Spend $100 Mln on Mobile Infrastructure, Fintech in Africa

“African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and fintech services, its chief executive said on Friday. The 18-year-old company, which has 15 million subscribers across its four African operations, secured the loan in May from the Overseas Private Investment Corporation (OPIC), the U.S. […]
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Global

WhatsApp to Roll Out Payments Feature in India This Year

“WhatsApp will roll out its payments service in India this year following a year-long pilot, its global chief Will Cathcart has said, as the Facebook-owned messaging giant taps an upsurge in digital payments in its dominant market. WhatsApp is ubiquitous across India, where data consumption is surging thanks to cheap internet, but a full launch […]
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100 Million Transit Riders Are Paying With WeChat Mini-Program: Tencent

“Tencent’s WeChat mini-program “Ride Code” has reached 100 million users, Tencent Financial Technology announced Tuesday, exactly two years since its debut in July 2017. Ride Code allows subway and bus riders to pay for transit fares with QR codes directly upon boarding in various Chinese cities. At subway stations, that means showing your barcode at […]
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So Long, Swiping. The ‘Tap-and-Go’ Subway Is Here.

“It can often feel like New York City’s subway is stuck in the Stone Age compared with systems in other cities across the world. Trains built in the 1960s still run on the subway tracks and parts of the signal system date back to before World War II. But perhaps one of the greatest symbols of […]

On The Wires

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Global

Splitit and GHL Partner to Offer Installment Payments to 2,000 Merchants in the ASEAN Region

“Splitit Payments Ltd, a leading global monthly installment payments solution business, today announced a three-year partnership agreement with GHL ePayments Sdn Bhd, part of leading payment service provider GHL Systems Berhad (“GHL”), to offer Splitit’s installment solution to more than 2,000 online merchants in Malaysia, Thailand, Indonesia and the Philippines (the “Agreement”). GHL is one of the top merchant acquirers in the […]
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Deals

Zelis and RedCard to Combine in Landmark Healthcare Technology and Payments Transaction

“Zelis Healthcare  and RedCard Systems today announced a definitive agreement to merge their respective organizations, forming the next generation leader in healthcare payments optimization. The combination of Zelis and RedCard will create the healthcare industry’s first payments optimization platform with market-leading technology and solutions to price claims, pay claims and explain claims, all at enterprise […]
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Verishop and Affirm Partner to Enable Customers to Shop Now and Pay Over Time

“Through Affirm’s consumer-friendly alternative to traditional credit cards, Verishop customers now have a simple, no-interest payment option1 allowing them to spread out the cost of a purchase over three easy, monthly payments. Whether a customer is redecorating their home, finding that perfect outfit or maintaining their beauty routine, the partnership with Affirm can help Verishop customers […]
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Domains

POSaBIT Launches Fully Compliant Mobile Payments Technology for Cannabis Industry

“POSaBIT , a leading financial technology company delivering unique blockchain-enabled payment processing and point of sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announced the rollout of its fully compliant mobile payments system for dispensaries across states. POSaBIT’s new handheld device allows for compliant processing of mobile delivery that could […]