Australian banks continue Apple Pay fight
The Australian Competition and Consumer Commission is continuing to assess the applications for authorization in regards to Apple Pay. Read more: www.mobilepaymentstoday.com
Japanese payments app Kyash picks up $8.5m
Japanese payments and remittance startup Kyash has raised more than ¥1bn ($8.5m) in a Series A round. Read more: www.fintechroundup.com
Indonesian banking giants to integrate cashless payments
Four Indonesian major commercial banks –from state-owned Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), to privately owned Bank Central Asia (BCA)– today announced a plan to integrate their cashless payment services under one network. Read more: www.e27.co
Barclays launches contactless cash
The bank says it will help to make cash withdrawals more secure by removing the threat from magnetic card skimming and distraction fraud. Read more: www.finextra.com
Wal-Mart’s mobile payment app fails to draw new users
Wal-Mart’s mobile payment app may lack incentives to draw new users - Walmart Pay might be wise to follow Starbucks’ example, analysts say. Read more: www.internetretailer.com
Walmart, MoneyGram join for online funds transfer deal
MoneyGram and Walmart have decided to team up to take on online funds transfers. Now powered by MoneyGram, Walmart shoppers have some new capabilities. Read more: www.pymnts.com
Finnish banks usher in new era of real-time payments
A real-time multi-bank mobile payment platform has been launched in Finland by three of the country's top banks. Read more: www.finextra.com
Breaking down the Faster Payments construct
NACHA breaks down the faster payments umbrella. Read more: www.pymnts.com
Klarna inks major deal with UK retailer Arcadia
It's the first major deal for the online consumer credit company in the UK and has been in the works for a year. Read more: www.fintechroundup.com
UATP inks contactless payments partnership with Paymagnet
According to the companies, any purchase that can be processed via a point-of-sale system can now be completed with a smartphone and Paymagnet. Read more: www.pymnts.com