Remitly, a U.S.-based mobile payments service, is nearing its next milestone. The company announced yesterday (Jan. 12) that its money transfer growth grew more than 400 percent in 2015, giving it close to $1 billion in annualized mobile money transfers. The company noted that December...
For an unsuccessful sports franchise, it can be hard to win fans back to the hometown cause. In California’s professional basketball scene, the game is almost rigged against the Sacramento Kings — not only do the Los Angeles Lakers draw more national fans on legacy...
Square’s wallet just got thicker. BlackRock, the world’s largest asset management firm, picked up a 5 percent stake in the payments company, a Securities and Exchange Commission filing indicated. BlackRock paid $31.6 million for 2.8 million shares at the price of $11.32 each. This investment...
As of the writing of this, something truly unusual is going on. Apple’s stock is trading at less than $100 a share. Certainly the team in Cupertino is not the only one feeling the market’s wrath this week, but it does serve as an...
While there may be a trillion dollar cross-border commerce opportunity out there ready for the taking, the move to actually tap into the market is not as easy as it looks. Hikmet Ersek, CEO of Western Union, sat down with MPD CEO Karen Webster to...
The $64 billion P2P global market has many worthy players, but many of those who are making a dent in the financial inclusion arena are in Africa and Asia. Data reveal that in most Sub-Saharan African countries, most associate banking only with their phones. Clearly,...
Technology continues to take commerce into a growing number of new environments and devices – from clothing and wearables, to smart homes and even retail stores. In 2016, nearly 5.5 million new devices are expected to get connected to the Internet every single day, spurring...
In a move to expand its functionality, Samsung Pay will soon allow users to make Web-based purchases via their payment platform, Samsung Pay, reported Reuters yesterday (Dec. 28). The move will put Samsung into a more head-to-head competition with PayPal, currently the Web’s go-to source...
In its 2015 U.S. Consumer Payment Choice Study, TSYS takes a keen look at (among many other elements) the state of mobile-based purchases in the country. Overall incidence remains relatively low, but the trend does appear to be on an upward incline. Sarah Hartman,...
