Mobile wallets are on the march, so to speak, and what happens with them in their next phase of development — in 2020 and beyond — will say much about what happens to broader areas of payments. That’s a bit of a mouthful. But it...
China’s Ant Financial has negotiated an unannounced strategic investment in Vietnam’s eWallet startup eMonkey, Reuters reported on Friday (Dec. 20) citing sources. Ant’s parent Alibaba kept the deal hushed over possible anti-China sentiment among the Vietnamese, three sources familiar with the matter told the newswire....
In the mobile order-ahead space, consumers are not getting what they ordered – and that doesn’t mean burgers or salads. What consumers really want from mobile ordering is … more mobile ordering. A recent National Restaurant Association (NRA) survey found that 43 percent of consumers...
In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share...
New York’s Metropolitan Transportation Authority (MTA) joined Visa and Chase at a press conference on Wednesday (Dec. 11) to announce the expansion of tap to pay at Penn Station. The MTA started piloting the system – called OMNY, short for One Metro New York –...
Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar commerce. Standing in line, juggling packages and wallets, counting cash at the register to make exact change. The folks ahead of you, fiddling...
Chinese payments company Ant Financial has plans for the future — but going public isn’t one of them. “We don’t have any timetable for an IPO,” Douglas Feagin, president of the international business group at Ant Financial, told CNBC. His comments echo those of other...
Xoom, PayPal’s international money transfer service, announced that customers will be able to send money to recipients in the U.S. for the first time via strategic alliances with Walmart and Ria. PayPal’s international money transfer service can potentially benefit more than 44 million foreign-born people...
Mobile payments startup Stripe announced its official launch in Mexico, the second-largest economy in Latin America. While retail eCommerce is expected to grow in Mexico by 35 percent this year, the internet only represents around two percent of the country’s GDP. “For internet businesses, accepting...
