Google Pay Leaps Beyond UPI; Debit/Credit Card Payment Coming Soon via Google Pay

Card payments coming soon on Google Pay Digital Payments in India have witnessed a tremendous change since the government announced the surprise demonetization in 2016.

Read More

Payfone Nabs Funding; Partners With TransUnion

Payfone announced that it has secured a 24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management.

Read More

Gift Transactions on Zelle Prompt Chase to Roll Out Gift Cards for Mobile and Digital Users – Digital Transactions

A surge in gift transactions on the Zelle person-to-person payment network has led JPMorgan Chase Co. to roll out a feature allowing its mobile users to send digital gift cards.

Read More

Payment Processing Gets Even More Critical: German Bank Executive Speaks Out

Payment processing has long been a difficult proposition for FX brokers.

Read More

Vietnam Tops Global Growth for Mobile Payments

Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC. Singapore also saw strong growth, climbing 12 percentage points from 34 in 2018 to 46 in 2019.

Read More

Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook is pulling away from its ambitions to provide peer-to-peer money transfers via Messenger in Europe. Today, the company announced that it would be discontinuing the service — which let individuals send money to each other — in the two countries in the region where it had rolled it out, the UK and France on […]

Read More

PCI HIPAA Explains the Latest Trends in Payment Processing and Security

As checks and cash become less popular means of payment, all businesses need to accept credit and debit cards. Businesses need to contract with merchant processing companies to accept card payments. There are many competing firms in the merchant processing market, and it can be challenging for businesses to determine which company is the best […]

Read More
post thumbnail

Singapore’s Mobile Payments Growth Hits 46% in 2019

It lags behind Vietnam in terms of growth rate. Mobile payments in Singapore climbed 12 ppt from 34 in 2018 to 46 in 2019, making the nation the fifth fastest in terms of mobile payments growth in Southeast Asia, according to a research by PwC. This is said to signify a payoff in the efforts […]

Read More

Worried a Recession Is Coming, U.S. Online Lenders Reduce Risk

NEW YORK (Reuters) – U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn.

Read More
post thumbnail

Google Pay Not Part of Payment Processing, No License Required: Google

As Delhi High Court seeks an explanation from Reserve Bank of India (RBI) regarding the operations of Google Pay in the country without proper licensing, the company has released a statement in its defense. According to the statement, Google Pay positions itself as a company that complies with all applicable legal requirements.

Read More