Payments News

On The Web

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Global

Xiaomi Introduces Own Mobile Payment Service in India

“Chinese smartphone maker Xiaomi has launched its own mobile payment service Mi Pay in India. The Chinese firm received regulatory approval to introduce the service in December last year. The Unified Payments Interface (UPI)-based payments application will enable Xiaomi users to send money to any UPI address and bank account in the country.   Furthermore, […]
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Tech

Digital Wallet Payments Surge on Apple Pay: CBA

“After CBA in late January became the second big four lender to offer the payment service — which allows consumers to make purchases by tapping their phone on a merchant terminal — there has been a clear surge in people paying with iPhones. “Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions […]
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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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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 […]

On The Wires

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Tech

Kroger Introduces Kroger Pay and Kroger REWARDS Debit Card

“Kroger Pay is a quick, safe and easy-to-use feature within the Kroger Family of Stores apps—available for iOS and Android devices. After a customer enters their custom PIN or biometrics, the app provides customers with a single-use QR code to scan at the terminal to quickly communicate payment and loyalty card information, which includes digital coupons […]