Payments News

On The Web

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Domains

Paytm to Introduce Contactless Ticketing for State-run Buses

“Paytm has announced the launch of contactless ticket buying facility for state-run local transport buses and promote safe intracity travel. The company is enabling it’s QR-based payments service on the buses combining it with the Paytm Soundbox for buying tickets. In a statement, Paytm said that It is in talks with 20 state transport departments.”
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Companies

Alipay and Visa: How the Two Titans Are Redefining Payments With APIs – Banking Exchange

“Since its inception in 2004, Alipay has drastically upended the payments world through its platform’s seamless integration across various third-party services. Through its heavy use of APIs, it serves as a fantastic example of how bold innovation and a novel approach can transform an industry. Even without international backing, the company has bolstered China’s position in […]
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Deals

AMTD Digital to acquire payments platform Fomo Pay

“Singapore-based AMTD Digital, the integrated digital solutions arm of Hong Kong financial institution AMTD Group, said it’s set to acquire a controlling stake in QR code and payments solution provider Fomo Pay via a share swap and cash combination.”
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Providers

LocalGlobe and TransferWise’s Taavet Hinrikus back ‘frictionless finance’ startup Radix

“Radix , a U.K. startup that’s building a decentralised finance protocol on which new financial apps can connect and be built on top of, has raised $4.1 million in new funding. Backing the company, which counts the Ethereum network and a number of other “DeFi” projects as competitors, is London-based seed-stage VC LocalGlobe and TransferWise […]
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On The Wires

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Tech

Shift4 Payments Launches QR Pay, A New Contactless Payment Solution

“Shift4 Payments, a leading provider of integrated payment processing solutions, today introduced a new, contactless payment technology called QR Pay. The technology allows consumers to pay their bill at restaurants, retail stores and hotels by simply scanning a QR code on the receipt or payment terminal and completing the transaction on their phone. There is […]
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Companies

UnionPay International Drives Increase In ‘Contactless Payment’ For Consumer Safety During COVID-19

“As the struggle against COVID-19 continues, UnionPay International have unveiled a plan for increased consumer safety through accelerating the issuance of contactless payment enabled cards worldwide. Collaborating with many local banks around the world, UnionPay International have also made a considerable effort to increase availability and awareness of online checkout services in order to step […]
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Companies

Venmo Launches Limited Pilot of New Tools for Sole Proprietors With the Introduction of Business Profiles

“Piloting to a limited number of users today, Business Profiles allows sole proprietors, casual sellers, and users with a side hustle to create an additional Venmo profile to accept payments for goods and services. Whether you’re an artist, selling homemade planters at a craft fair, serving up one-of-a-kind haircuts, selling floral arrangements or mowing lawns, […]
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Companies

PayPal Rolls Out QR Code Touch-Free Payments in Canada

“As much of Canada enters and progresses through Stage 2 of reopening, PayPal today launched QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. From local stores to hair salons and farmers markets, this new functionality in the PayPal app allows customers to buy or sell in-person, safely […]
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