Payments News

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Tech

Bank Leumi Signs Deal With Google to Roll Out Digital Wallet in Israel

“Israel’s Bank Leumi announced Thursday that it signed an agreement with Google to roll out Google Pay, the tech giant’s digital payments app for Android users, in Israel. According to the deal, Leumi bank customers will be able to use Google Pay, as well as Leumi’s existing digital wallet, Pepper, to make purchases in stores […]
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Global

Uber Africa launches Uber Cash with Flutterwave and explores EVs

“Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco-based — Nigerian-founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave operates as a B2B payments gateway network that allows […]
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Global

Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

“In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures […]
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Global

‘Low KYC’ Norm to Help Mobile Wallets Retain Their Customers

“In a move set to bring relief to scores of mobile wallet firms such as Paytm, PhonePe, Amazon Pay and their several million users, the Reserve Bank of India (RBI) will allow wallet service providers to continue operating their millions of non-compliant know-your- customer (KYC) accounts which earlier faced cancellation after placing certain transnational limitations.This […]

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Providers

Introducing Samsung Money by SoFi: Do More With Your Money

“Samsung Electronics America, Inc., today unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi. The account is secure, with no account fees and rewards users for saving—earning higher […]