Payments News

On The Web

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Companies

Apple Pay on Track To Hit 10 Billion Transactions in 2019

“Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday. “Apple Pay transaction volume more than doubled year-over-year, and we are on track to reach 10 […]
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Global

80 Percent of Merchants in Canada Accept Apple Pay

“During the company’s Show Time event keynote, Apple CEO Tim Cook revealed that 80 percent of retailers in Canada accept Apple Pay. In comparison to other countries, Canada stands in the middle of the pack. In the U.S., for instance, 70 percent of merchants accept the mobile payments platform, while in Australia an impressive 99 […]
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Companies

EBay Adds Google Pay As New Payment Option

“The company said Thursday it will let customers pay for items using Google Pay starting in April. The move continues eBay’s effort to become less dependent on PayPal to process its payments. eBay and PayPal, once part of the same company, split in 2015. Since then, both companies have worked to diversify their businesses and […]
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Tech

Facebook picks London as base for WhatsApp push into payments

“Facebook has chosen London as the centre for a push into payments on its WhatsApp messaging service, boosting the city’s hopes of becoming a global fintech hub and signalling the company’s commitment to monetising the fast-growing platform. The app, which has 1.5bn users globally, will expand its workforce by a quarter with the hiring of […]
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Tech

Mobile Payments up but Pace of Growth Slows

“Payments made through mobile apps like Apple Pay are rising, but at a slower rate than in past years, according to a report by the Electronic Transactions Association. U.S. consumers spent $64 billion through mobile wallet apps or dedicated apps from a retailer last year, up from $45 billion in 2017, the ETA said. The 42 […]
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Tech

LG Pay Goes Live in the US With NFC and Mag Stripe Mobile Payments

“LG has launched its LG Pay mobile payments service in the US, enabling owners of its G8 ThinQ smartphone to make payments via NFC in stores equipped with a contactless POS terminal — and in stores with a magnetic stripe terminal using Wireless Magnetic Communication (WMC). WMC enables phones to generate wireless magnetic data pulses […]