Sunday, February 25, 2024
PAYMENTS & REMITTANCES

PAYMENTS & REMITTANCES

Lydia launches plastic card payments

French startup Lydia is launching a card so that you can spend your Lydia balance in every retailer that accepts MasterCard. Read more: techcrunch.com

Apple faces competition in China’s mobile payments market

Dong Ximiao was buying a meal at KFC and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?”. Read more: www.bloomberg.com

The mobile payments battle just intensified in the UK

Shopify, a Canadian startup which went public on the New York and Toronto stock exchanges last year, is launching in the UK. Read more: www.cityam.com

The illusion of payment disruption

Practically every large social network – global and regional – now is steadily marching towards the payments arena, where most large networks offer some form of person-to-person payment capability. Read more: www.letstalkpayments.com

Four new UK banks join Android Pay

Following the launch of Android Pay, the simple and secure way to pay for things with your Android smartphone, four new banks join Android Pay. Read more: www.finextra.com

AliPay and WeChat granted Hong Kong wallet licenses

Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.

TransferTo integrates paysafecard with Safemoni

Paysafe has integrated paysafecard as a payment method in the new Safemoni app from TransferTo. Read more: www.thepaypers.com

UKCA charts the irresistible rise of contactless

Spending on contactless cards by tap-happy Brits in the first half of 2016 has already outstripped figures for the whole of 2015, says the UK Card. Read more: www.finextra.com

Japanese mobile payments company Coiney wraps up $7.1m

Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. Read more: www.fintechroundup.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

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