PaymentsNews

On The Web

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Domains

Modernize your payments: More efficient means lower operations costs

“A Payments Canada study, in partnership with Ernst & Young LLP (EY Canada), quantified the current cost of payments processing for Canadian business to be between $3 billion and $6.5 billion annually. The research looked at current payment processes and identified inefficiencies, such as the manual handling of accounts receivables and payables among all sizes […]
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Global

2018 TRENDS FOR MOBILE PAYMENT IN CHINESE OUTBOUND TOURISM

“Based on a survey of 2,800-plus outbound Chinese tourists[1], this whitepaper represents the latest trends and consumption habits of these travelers in overseas markets. It covers a variety of perspectives including the number of foreign countries visited, tourists’ consumption amounts and habits in overseas destinations, and their evolving demands. This survey also provides an alternative […]
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Global

Amazon launches UPI payments in India, taking on Paytm, Walmart and Google

“Amazon has enabled payments via India’s unified payments interface for customers using Android smartphones, the segment that comprises the bulk of smartphone users in the country. The Seattle-based ecommerce giant’s Amazon Pay unit has partnered with India’s Axis Bank to issue UPI IDs to its customers. They can link their bank accounts on their Amazon mobile […]
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Global

Meridian Set to Launch Its New Digital Bank Called Modusbank

“Meridian has been given the green-light by the Office of the Superintendent of Financial Institutions to move ahead with its new digital bank, Motusbank. The digital bank, set to open this spring, and will allow Canadians to access their bank accounts, investments, and mortgages online, while offering digital customer service from real people. Through Meridian, members […]
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Global

Chinese Banks Fight Tech Giants for Share of Mobile Payments

“The rise follows an offensive by Chinese banks to counteract the rise of mobile payments made on the payment services of technology platforms such as Alibaba, Tencent and Baidu. Technology firms’ share of retail payments surged to almost 50% in 2017. It was just 5% in 2012, reports Shine.”
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On The Wires

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Global

Visa Offers Payment Processing Services in Argentina

“Visa Inc. (NYSE: V) today announced the launch of VisaNet processing in Argentina, a move that will bring new payment innovations and services to Argentine cardholders, merchants, and financial institutions. The launch grows Visa’s share of domestic transaction processing in the Latin America and Caribbean region by more than 10 percentage points.”
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Global

RiverPay Integrates UnionPay QR Code Payment to Offer Full Portfolio of Chinese Leading Mobile Payment Options

“RiverPay Inc., an integrated payments and marketing platform to connect Chinese consumers with overseas merchants and the authorized payment service provider of AliPay and WeChat Pay, today announced the strategic partnership with UnionPay International in North America, which enables RiverPay to add UnionPay QR code payment to its existing payment portfolio. From the partnership, RiverPay is […]