Welcome to the Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Apple views 5G, and why Mastercard and Microsoft want to work together on digital ID. Uber has fresh scooter ambitions, Grab makes a big investment and TD Ameritrade teams up with Chinese social media.
Apple is betting that consumers won’t immediately jump in and embrace 5G, given that the company correctly predicted that the first devices to support 5G would have problems, including spotty coverage.
Mastercard and Microsoft have developed a secure, instant way to verify an individual’s identity with whomever they want, whenever they want.
Uber was reportedly trying to overcome shortages of scooters, which hurt its growth. It was also going after rivals that were trying to get funding and, as a result, could be more open to a deal.
The investment in hotel reservation startup OYO by ride-hailing firm Grab is part of the nearly $1 billion that the startup announced raising in September.
TD Ameritrade said users can do research, access the markets and get support through WeChat, which recently reached 1 billion month active users.