Payments News

On The Web

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Global

Why the QR Code Become Ubiquitous in India

“The popularity of QR codes soared after payment companies (and other fintech players) started using it in conjunction with UPI, an instant payment system developed by the National Payments Corporation of India (NPCI). Startups like Paytm and PhonePe revolutionised its use in peer-to-peer payments. This trend started right after demonetisation in 2016, and gathered deeper […]
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Tech

Tesco Opens Its First Checkout-free Store in London

“UK supermarket chain Tesco has opened its first checkout-free store in central London, enabling customers to check in at the store entrance with a smartphone app, select the products they want and leave without needing to scan their purchases or pay for them at the checkout.”
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Tech

Identity Decisioning Platform Alloy Moves Into Credit Underwriting

“Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products. Ahead of taking to the stage at Money 20/20 US in Las Vegas where the news will be formally announced, the New […]
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Tech

Potential Starbucks Partnership Shows Amazon’s Ambitions for Its Cashierless Retail Technology

“Could Starbucks give Amazon’s retail technology a jolt? A report this afternoon by the Insider news site , citing an internal document, says the Seattle companies have discussed creating a new style of coffee shop featuring Amazon’s “Just Walk Out” technology. The co-branded stores would let people buy beverages, baked goods and hot foods without […]
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Tech

Amazon Is Reportedly Working on a Smart Fridge

“Amazon might be working on its own smart fridge, according to a new report from Insider . “Project Pulse,” as the project is titled internally, is reportedly being developed by the same Amazon “physical-stores unit” that worked on the company’s high-tech Amazon Go stores . Project Pulse “is designed to track your inventory and purchase habits, […]
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Tech

MoneyGram Partners With Stellar and USDC for Blockchain-Based Payments

“Traditional cross-border payments giant MoneyGram is working with the Stellar blockchain network to create instant money transfers using Circle’s USDC stablecoin, the companies announced Wednesday. The firms will start with a pilot in the fourth quarter of this year. Early 2022 will see a gradual rollout of the ledger-based stablecoin bridge between crypto and local […]

On The Wires

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Tech

Intuit Introduces Money by QuickBooks, Mobile Banking Designed for Small Businesses

“Intuit (Nasdaq: INTU) today announced Money by QuickBooks , the latest addition to a comprehensive and ever-expanding suite of QuickBooks offerings that power small businesses with the ability to get paid and manage their cash flow. The Money by QuickBooks mobile app available for free on iOS and Android is designed to give entrepreneurs, freelancers and sole […]
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Tech

Mbanq Signs With Temenos to Launch World’s First Credit Union-as-a-Service and Accelerate Banking-as-a-Service in US Market

“Silicon Valley-based Mbanq, a Banking-as-a-Service (BaaS) provider and one of the world’s fastest growing FinTechs, today announced it has signed a strategic agreement with Temenos (SIX: TEMN), the open cloud banking company, to launch an innovative Credit-Union-as-a Service (CUaaS) offering, and to accelerate BaaS adoption across the US. CUaaS is offered by Mbanq’s Credit Union […]