Payments News

On The Web

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Companies

OCBC Brings Google Pay’s P2P Funds Transfer Service to Singapore

“OCBC Bank has brought Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore, making the Republic the third country where this service is available. Before this, the service was available only in the US and India. With the new service, OCBC Bank customers can pay directly from their bank accounts to anyone registered to PayNow […]
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Companies

PayPal’s Exiting COO Bill Ready to Join Google As Its New President of Commerce

“Ready’s role at Google will not involve payments, which means he won’t be directly involved with PayPal’s competitor, Google Pay . Instead, as Google’s new president of Commerce, Ready will focus on leading Google’s vision, strategy and delivery of its commerce products. However, the role will see Ready working in close partnership with both the […]
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Companies

Google Discusses Checking Accounts in Visit With CUNA | CUNA

“Google’s product will be a checking account and only a checking account (at least for now) that is accessed through Google Pay, which will be very similar to the way credit cards are accessed through the Google Pay app. There will be one major difference, however.  Checking accounts will be designed to work specifically with […]
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Companies

Google Shuts Out Payday Loans With App-Store Ban

“Google has barred high-interest consumer loan services from its app store, limiting payday lenders’ access to customers. The technology giant recently prohibited apps from offering personal loans with an annual percentage rate of 36% or higher on its Google Play app store. The move inserted the tech giant into a fight over payday loans, which […]
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Companies

Leaked pics reveal Google smart debit card to rival Apple’s

“The Google card and associated checking account will allow users to buy things with a card, mobile phone or online. It connects to a Google app with new features that let users easily monitor purchases, check their balance or lock their account. The card will be co-branded with different bank partners, including CITI and Stanford […]
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Companies

Google Makes Listing Products on Its Shopping Service Free

“Google will make product listings on its Shopping service free, part of a broader push to expand in e-commerce and mount a bigger challenge to Amazon.com Inc. as the Covid-19 pandemic drives more consumers online.The Alphabet Inc. unit will let merchants post their wares on Google Shopping for free regardless of whether they pay for […]
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Companies

Exclusive: Google Faces Antitrust Case in India Over Payments App

“India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, […]
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Companies

Google to offer loans to merchants in India

“Google said on Thursday it plans to offer credit to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses in the country steer through the pandemic and also find a business model for its mobile payments service. The company said […]

On The Wires

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Companies

Voice Grocery Shopping: the New E-commerce Grocery Experience Launched by Carrefour and Google in France

“Carrefour and Google are launching in France a new voice-based e-commerce grocery shopping experience within the framework of their strategic partnership signed in June 2018. As the first retailer in the world to offer its customers the new integrated voice shopping service on the Google Assistant, Carrefour continues to build on its multichannel offering. Based […]