Welcome to The Axis, your late look at payments news from around the world. Coverage includes the roll out of a new payment solution from Canada’s Lightspeed. In addition, Central JD Fintech is introducing the Dolfin wallet in Asia, and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia.
Canada’s Lightspeed rolled out an offering for retailers based in the United States called Lightspeed Payments, the company said in an announcement. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores. As it stands, the company’s Lightspeed platform already serves small to medium-sized retailers. Lightspeed Founder and CEO Dax Dasilva said of the launch in the announcement, “Retailers are not only looking to make payment processing as seamless as possible to expedite checkout and optimize sales, but they want a solution that minimizes the time and effort required to manage operations so they can spend more time focusing on their customers.”
In Asia, Central JD Fintech is introducing an offering called Dolfin Wallet to help power a move to a cashless society, which is an effort involving Kasikornbank and Bangkok Bank, The Nation reported. The technology taps into both big data analytics and artificial intelligence (AI), which reportedly allow business to create promotional deals. It also, according to reports, has “full support” of transactions at the department stores of Central Group. Central JD Fintech Holding Chief Executive Officer Rungruang Sukkirdkijpiboon said, according to the outlet, “Dolfin Wallet is the first e-wallet application to support payment and money transfers through all channels — including connection to bank accounts, debit cards and credit cards, cash top-up at all CenPay counters nationwide, and full-scale PromptPay support.”
And, also in Asia, AMS Public Transport Holdings Limited along with AlipayHK has rolled out a mobile payment system for minibuses, Enterprise INNOVATION reported. The technology is said to process a payment in 0.3 seconds and will be used on two routes before it is reportedly tested on others at a later time. Alipay Payment Services (HK) Limited (APSHK) CEO Jennifer Tan said, according to the report, “We hope to introduce QR code payment more widely into public transportation, so there is another fast and convenient payment option for the public.” The executive added, “We expect to support other traffic scenes as soon as possible.”