Amid an embrace of mobile payments and a push toward consumer choice, sometimes payments infrastructure must change. This week, the Monetary Authority of Singapore said it has launched SGQR (short for the Singapore Quick Response Code), billed as a single label that combines several QR...
Eric Jing, Ant Financial’s executive chairman and CEO, revealed that Alipay now has over 700 million annual active users — an increase of more than 200 million year on year. Jing made the comments at Alibaba’s 2018 Investor Day, where he gave a presentation on...
Japanese telecom carrier SoftBank has announced a partnership with Synchronoss and TBCASoft on a Proof of Concept (PoC) for a new cross-carrier mobile payments service. The service is based on the Rich Communication Services (RCS) global messaging standard and TBCASoft’s cross-carrier blockchain platform. It will be unveiled...
Millennial consumers are ready to be brand ambassadors — especially when engaging in mobile commerce with private-label debit programs. That’s the message of a new, in-depth PYMNTS story about how to win the loyalty of those younger consumers. Kristen Bailey, chief marketing officer for payments...
Square has announced that it is releasing two new ways for businesses to take payments on their Apple devices and Google Chromebook. “We want you to be able to run your business however you want — and never miss a sale,” the company wrote in a...
Alipay has revealed that it had a pretty good summer, with consumer spending surging over the last two months. “China is just back from a two-month summer holiday, where millions traveled abroad for a long-awaited vacation. With Alipay’s growing presence outside of the Chinese mainland,...
Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. The pumps are often grimy, card readers might not work, the...
To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. The feature will be offered in merchandise shops, Nickelodeon Universe and guest services, CITCON said in an announcement. “Chinese consumers...
The shift to digital and mobile forms of payments and commerce is undeniable across various areas such as retailing, banking and B2B payments. But that does not mean a proactive mindset reigns when it comes to mobile security and innovation. Reactive ways of doing things...
