PAYMENTS & REMITTANCES

MasterCard's mobile payment app, which serves as a digital wallet, is expected to debut in the U.S. in the fall. Read More: www.thestar.com

Powered by technologies that harness big data, fintech companies are positioning themselves as viable lenders and payment solutions providers with mobile wallets and insta-loans. Read more: forbesindia.com

In trying to push back against a simmering insurgency by Apple, Google and Samsung in the mobile payments market, MasterCard wants to partner with Canadian banks. Read more: mobilesyrup.com

Samsung Pay has been on an expansion spree over the past couple of months, starting with China, Singapore, Spain, and then Australia. Read more: www.androidpolice.com

MarketInvoice has announced raising £7.2 million in a funding round led by MCI.TechVentures Fund of MCI Capital, a listed Polish private equity group. Read more: www.crowdfundinsider.com

Though relatively new to online shopping, Chinese consumers already make up for almost half of global online retail sales, and are only growing in numbers. Read More: www.forbes.com

E-commerce websites offering services such as online bookings or purchase of products have the second highest share of consumer grievances, according to the government's central helpline number. Read More: economictimes.indiatimes.com

ZestMoney enables online shoppers to create a virtual EMI in real-time at e-commerce portals. It conducts back checks before a loan is disbursed by a bank. Read more: yourstory.com

Banking major Santander has doubled the size of its fintech venture capital fund Santander InnoVentures with a $100m injection of fresh capital.

Survey respondents felt that Amazon was trustworthy and favored its emphasis on quality products and simple and fair rules. Read More: www.cnbc.com