Payments News

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U.S. Blocks WeChat Transactions

“The American government is banning the use of Chinese app WeChat for the transfer of funds or processing payments within the US. The Department of Commerce says it is prohibiting transactions relating to Tencent-owned WeChat, as well as another Chinese app, TikTock, to “safeguard the national security of the United States.”
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TipMe Brings out Mobile Payments App in Liberia

“Electronic payment service provider TipMe has begun operations in Liberia to provide individuals and businesses with access to useful and affordable financial products and services. It offers a mobile money wallet, online voucher purchases, bill payment services, online international remittances, business services, salary payments and eCommerce platform. TipMe said the app-based service lets customers send […]
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Cash App’s Surge During Covid-19 Pandemic Fuels Square Stock

“Square Inc.’s Cash App looks a lot like a bank—digitally storing and transferring money for users. Investors don’t seem to mind. Square shares have rallied 28% in the past month and are up 166% since the start of the year, while bank stocks have fallen sharply. The run-up is mostly due to the popularity of […]
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Swapping cash for online payments in Rwanda

“The coronavirus crisis has caused many problems in Africa, but it cannot be denied that it is accelerating the adoption of some technologies on the continent. In Rwanda, motorcycle taxis have long been one of the most popular forms of transport. And due to the pandemic, now drivers are able to get the public to […]
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Gojek Lets DBS PayLah in on the Ride

“Customers of ride-sharing operator Gojek can now book and pay for their fares with DBS Bank’s digital payment app PayLah. The move is an extension of a partnership established in 2018, when Gojek began its foray into the Singapore market.  It gives more than 1.7 million users of PayLah the option to book and pay […]
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On The Wires

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Samsung Gives Millions of Customers More Control Over Their Money, With the All-New Samsung Pay Card, Powered by Curve

“Samsung Electronics Co., Ltd has today announced that the new Samsung Pay Card , powered by Curve , and in conjunction with global payments technology company Mastercard, will be available from August 18th [1] . With ONE simple to use digital-first card, Samsung Pay Card gives users complete control over their spending, without the fuss of having to […]