Payments News » Mobile apps

Seoul To Launch To Its Own Mobile Payment Platform: Report

July 13 2018

“The municipal government has formed a task force that will work to launch the service, tentatively called S-Pay, which aims to improve payment convenience for citizens and small businesses. The task force will aim to build the system for the platform and cooperate with banks as well as find partnered small businesses. The platform will […]

Tech

Grab Expands To Payments, Groceries, Food Delivery With ‘Superapp’

July 10 2018

in
Mobile apps

“Now on its sixth year, Grab recently marked its 2-billion ride milestone. In April, Uber handed over its regional operations to Grab in exchange for a stake. GrabPay, the firm’s cashless payment similar to WeChat and Alipay, is at the center of the new interface. It is currently available in Singapore, Indonesia and Malaysia.”

Companies

Inside Chase’s Strategy For Digital-only Brand Finn

June 29 2018

“Chase wants to take the lessons from the St. Louis pilot and offer Finn to a broader audience of digitally comfortable iOS users, ahead of an Android launch later this year. The St. Louis experiment yielded three key conclusions: Autosave triggered by rules is a priority for the customer community; a digital-only offering backed by […]

Market Reports

Study: Consumers More Satisfied With Banking, Card Apps

June 26 2018

in
Mobile apps

“Customer satisfaction with banking and credit card apps has increased in the past year as more customers adopt digital as their primary interaction channel with their providers. According to a pair of new studies by J.D. Power — the 2018 U.S. Banking App Satisfaction Study and the U.S. Credit Card App Satisfaction Study — U.S. […]

Companies

BofA Trumpets Success With Erica, Zelle

July 17 2018

“Bank of America has announced that Erica, its artificial intelligence-driven virtual financial assistant, now has more than 2 million users. According to a press release, this is more than double the number of customers using the technology less than a month ago. And that’s not BofA’s only recent mobile milestone: The number active users of the Zelle person-to-person payment […]

Deals

Even Raises $40M To Transform The Working Class To The Savings Class

July 19 2018

“But Even.com is increasingly focused on improving the quality of its intelligent budgeting feature. Using artificial intelligence models honed over the past few years, the company now gives users of its Even app an “Okay to spend” figure that helps them think through their cash flow. By giving a predictive figure rather than a checking account balance, […]

Global

Kredivo Raises $30M To Build A Digital Credit Card For Southeast Asia

July 25 2018

“The company launched its ‘Kredivo’ service two years ago to help consumers pay online in Southeast Asia, where credit card penetration is typically low, and it is essentially the combination of a digital credit card and PayPal. The service is available in Indonesia, Southeast Asia’s largest economy, where it uses a customer’s registered phone number — there […]

Tech

App Store generated 93% more revenue than Google Play in Q3

October 11 2018

in
Mobile apps

“There’s always been a gap between how much money Apple’s App Store makes when compared with Google Play. But in the third quarter of 2018, that gap widened considerably – possibly to the widest point yet. According to a new report from Sensor Tower, the App Store earned nearly 93% more than Google Play in the […]

Global

Paystack, with ambitions to become the Stripe of Africa, raises $8M from Visa, Tencent… and Stripe itself

August 28 2018

“The company is active today in Nigeria, where its payment API integrates with tens of thousands of businesses, and in two years it has grown to process 15 percent of all online payments; and the plan is to both continue to grow in its home market, as well as expand to more countries, starting with […]

Companies

BofA Merrill Launches Mobile App For Commercial Prepaid Card

July 23 2018

“Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and […]