Payments News

On The Web

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Companies

GCash, Starbucks Introduce New Mobile Payment Option

“Getting a cup of our favorite Starbucks handcrafted beverage is now easier with GCash, the leading mobile wallet in the Philippines. As of September 2018, Starbucks had 373 licensed stores nationwide. It opened its first branch in the Philippines in 1997 at the 6750 Ayala Building in Makati City, making the Philippines the third overseas […]
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Global

Concerns Over Security: Govt Fears WhatsApp May Share Payments Data With Facebook, Others

“Indian authorities are concerned that WhatsApp’s payment service might share user data with group companies Facebook & Instagram, compromising the security, privacy and non-commercial information of its subscribers. The government has asked the National Payments Corporation of India (NPCI) to look into the matter and ensure that user data collected through payment services such as […]
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Global

Nigeria’s Largest Mobile Operator Is About to Become a Bank

“The fledgling mobile money market in Nigeria is about to get a major shake-up. MTN Nigeria, the country’s largest telecoms operator, has been granted a “super agent” license which allows it set up an agent network through which it can provide financial services. It’s the first step in MTN’s plans to finally roll out mobile […]
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Global

PayU India Launches Multi-functional Mobile App for Merchants

“PayU has launched a multi-functional mobile app for merchants designed to conveniently track their businesses on the move. Merchants can use the app to monitor their business performance and request for payments. It aims to simplify business for the small and medium merchants and augment the ease of business for 63 million MSMEs in the […]
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Global

Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency

“China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in […]
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Global

African Central Banks to Link Payments Systems to Help Trade Deal

“African central banks are working to link the continent’s major cross-border payment systems as plans to create the world’s largest free-trade zone gain momentum.    A working group of the Association of African Central Banks is exploring ways to connect the technology behind the Southern African Development Community Real Time Gross Settlement System, which is […]
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Global

Cashless India? Digital Payment Drive Not a Hit With traders

“Banks may be dutifully executing the government’s cashless agenda but there’s little buy-in from merchants. Fewer than half the vendors acquired by banks have gone cashless. A good 53 banks have been chasing targets but barely a dozen can claim a 50% success ratio when it comes to their merchants accepting payments digitally. And this […]
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Companies

Flutterwave and Alipay Partner on Payments Between Africa and China

“San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba to offer digital payments between Alipay and African merchants. Flutterwave is a Nigerian-founded B2B payments service (primarily) for companies in Africa to pay other companies on the continent and abroad… “This means that all our merchants can accept or install Alipay […]

On The Wires

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Companies

Wirecard and Sisal Group – Through SisalPay – Enter Strategic Cooperation to Drive Digital Payments in Italy

“Wirecard, the global innovation leader for digital financial technology, and Sisal Group, through its brand SisalPay, have signed an agreement to partner in the field of digital payments. With more than 200 million transactions per year, 40,000 points of sale and 15 million customers, SisalPay already offers one of the most successful payment services in Italy and […]