In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by deciding to scrap nearly 85 percent of the nation’s physical currency reserves almost overnight. The move was highly controversial –...
Ant Financial’s Alipay is expanding across North America as it broadens its partnership with First Data, the companies announced Monday (March 19). The digital payment platform has added 35,000 merchants across the region, enabling Alipay’s 600 million Chinese consumers the same payment experience at the...
Ripple — the blockchain company whose technology powers the cryptocurrency XRP — has created a new payment app in which transactions are settled instantly. According to news from CNBC, the new app was created with a group of 61 banks in Japan. Dubbed Money Tap, the mobile...
TouchBistro, the provider of iPad point-of-sale (POS) software for restaurants, has announced the launch of TouchBistro Payments powered by WePay. Together, the companies will offer instant payment processing, as well as a new, integrated mobile payment device that allows diners to settle their tabs at...
PayPal is gearing up to terminate the in-store mobile payment services it launched several years ago. Citing an email PayPal sent to customers, Bloomberg reported that the payment services – one of which is based on a phone number and PIN and the other that...
To allow users to make payments in a country where many people don’t have access to credit cards, Google Play has begun accepting payments through mobile phones in Kenya. The games and apps platform now works with Safaricom’s M-Pesa, Reuters reported. M-Pesa has amassed almost 30 million users in Kenya,...
To enable payments through its app and prepaid Mastercard, STACK has tapped i2c as its payments processor. The move will help STACK build and scale its personalized payments functionality, i2c said in an announcement. By using i2c’s payments processing platform, STACK will allow its members...
A new startup is taking aim at PayPal. This time, it’s French startup Lydia, which recently raised a $16.1 million round (€13 million). According to TechCrunch, the round was led by CNP Assurances, with existing investors XAnge, New Alpha AM, ODDO BHF and Groupe Duval...
Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country now accept Alipay. Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. The recent...
