Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. The pumps are often grimy, card readers might not work, the...
To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. The feature will be offered in merchandise shops, Nickelodeon Universe and guest services, CITCON said in an announcement. “Chinese consumers...
The shift to digital and mobile forms of payments and commerce is undeniable across various areas such as retailing, banking and B2B payments. But that does not mean a proactive mindset reigns when it comes to mobile security and innovation. Reactive ways of doing things...
Cumulative downloads of Square‘s Cash App surpassed PayPal‘s Venmo for the first time ever after Square’s service grew three times faster than its rival in July. Data from Sensor Tower and Nomura Instinet revealed that the Cash App’s cumulative downloads now total to 33.5 million, exceeding...
As PayPal tries to turn Venmo into a mainstream payments app, there are concerns over consumer privacy. Venmo users link their bank accounts or credit cards to the app so they send and receive payments using their smartphones. Users often send messages with their payments,...
It was once the (stereotypical) realm of ambitious teenagers and refuse-to-grow-up rockers and stoners who either needed extra bucks or found it too … uh … challenging to land better jobs. These days, however, food delivery means digital technology, entrepreneurship and global acquisition activity —...
As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank in Africa. Absa has signed on 10,000 customers since early July, according to Reuters. The service will not be without...
Scandinavian payment firm Nets said that clients at some Finland banks reported issues when using their payment cards on Sunday (July 29). “The problems affected card transactions and online banking at some banks in Finland. It was related to a network issue outside Nets,” a...
Snapchat is closing down Snapcash, its peer-to-peer payment space, on August 30. According to reports, there is code buried in Snapchat’s Android app that has the following message: “Snapcash will no longer be available after %s [date]”. The end of the feature also ends the...