MoneyGram, known for its transfers via mobile app, has a new program called FastSend that will enable it to engage in cross-border peer-to-peer (P2P) transfers directly to a recipient’s phone number. The company aims to keep up efficiency and speed with the new service, advertised as...
The mobile point of sale (mPOS) landscape got more interesting today (Jan. 12), as Samsung has unveiled its Galaxy XCover Pro, an enterprise-grade smartphone that comes pre-installed with Visa’s Tap to Phone app. Tap to Phone enables sellers with Android phones to accept contactless payments...
Indian financial firm Paytm will intensify efforts to become a major player in one of the world’s biggest payments markets, according to reports on Wednesday, Jan 8. After raising $1b last November, the Noida-headquartered firm confirmed its business app now features a comprehensive QR code...
Caixin Global reports that Chinese mobile transaction company Tencent has decided to combine part of its authentication software with government-owned rival UnionPay. This collaboration will expand UnionPay’s market penetration and further a Chinese government initiative for same-sector partnership. The collaboration will let consumers of UnionPay’s...
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 –...