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| China's mobile payment posts robust growth in 2017 China's mobile payment posted robust growth last year and is gradually replacing generally PC-based online payment, a report showed on Thursday. Domestic commercial banks handled over 37.5 billion mobile payment transactions last year, up 46.06 percent year on year, according to the report from ... | |
| PayPal hails Venmo impact, mobile payment growth PayPal registered a record number of users on its mobile payments platform Venmo in Q1 2018, despite facing stiff competition from new challengers including Apple and the US bank-driven brand Zelle. During the company's Q1 earnings call, CEO Dan Schulman (pictured) said Venmo – which is ... | |
| China's Mobile Apps Drive Lifestyle Commerce There is nothing like either of them in the West which has many more mobile payment players and financial institutions. And Alipay and WeChat Pay will not gain a foothold outside Asia due to competitive and regulatory hurdles. However, Western mobile platforms can certainly emulate some of the ... | |
| Grab beat Uber in Southeast Asia. It's just getting started "There is no dominant mobile payment player in Southeast Asia right now," said Xiaofeng Wang, a Singapore-based analyst at research firm Forrester. With its big customer base in the region, Grab is in a strong position, she said, adding that Tencent and Ant Financial will have to obtain licenses for ... | |
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| Alibaba Loses Part Of Walmart's Payment Business Alibaba (BABA) is gearing up to release its financial results for fiscal 4Q18, which saw the company lose Walmart's (WMT) mobile payment business in parts of China. In March, Walmart announced that it was dropping Alipay in all stores in western China. Walmart replaced Alipay with Tencent's (TCEHY) ... | |
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| Mobile e-payments at Sands China to hit US$370mln in 2018 Macau rival casino operator Galaxy Entertainment Group Ltd announced in November that the WeChat Pay mobile payment platform would be made available at its Galaxy Macau, Broadway Macau and StarWorld Hotel properties, in a partnership with Industrial and Commercial Bank of China (Macau) ... | |
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| American Express Gets Closer To Entering China The New York credit card company applied as part of a venture with China mobile payment provider Lianlian Group. China announced in 2015 that it would open its domestic processing market to outsiders, according to a report from Fox Business. China has about 6.7 billion bank cards in circulation, ... | |
| Gemalto's TSH Digitizes Hong Kong's Octopus Cards for Samsung Pay ... payment card operators to follow suit, with Gemalto Banking and Payment in Asia SVP Michael Au acknowledging, "We hope that the success of Smart Octopus in Samsung Pay will spur other global operators to roll out mobile payment offerings that are easy to use and do not compromise on security.". | |
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| Top 5 Payment Trends Impacting Future Payments - Quantzig Though cards and cash still rule the payments landscape, there seems to be a higher acceptance of mobile payment technology, particularly by younger demographic groups. Also, the exponential growth rate of IoT is likely to fuel new payment trends and use cases in the years to come. Understanding ... | |
| Brazil: Amended payment method regulation The Central Bank's efforts to foster competition among the various providers of payment methods, thus reducing debit card costs for end users, fits in with the Brazilian authorities wanting to stimulate financial inclusion through the regulation of mobile payment tools, credit unions, equity crowdfunding and ... | |
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| 5 Things We Just Learned From AMD, Qualcomm, Samsung and PayPal's Earnings In its market-pleasing Q1 report, PayPal disclosed its mobile-centric Venmo payments platform saw total payment volume (TPV) rise 80% annually to $12.3 billion. That follows an 86% increase in Q4, and helped PayPal's mobile payment volume rise 52% to $49 billion (37% of the company's entire TPV). | |
| PayPal Reaffirms Its Commitment To Financial Inclusion "We recently announced the partnership with M-PESA, the transformative mobile payment system in Kenya. Through our relationship, Kenyans can now seamlessly move money between their M-PESA and PayPal accounts, removing barriers that had prevented Kenyan consumers and businesses from ... | |
| Alibaba buys 20pc stake in bKash ... said the partnership with Alipay will help bKash boost its activities across the country. Alipay is a third-party mobile and online payment platform established in Hangzhou, China in 2004 by Alibaba Group Founder Jack Ma. Alipay overtook PayPal as the world's largest mobile payment platform in 2013. | |
| Metrolinx planning to allow smartphone fare payments as part of Presto system "The transit agencies who originally started Presto first got together almost 15 years ago, and quite frankly this (mobile payment system) didn't exist. This would have been a fantasy at that time. So we put in the infrastructure that was state of the art at that time," she said. "You have to walk before you run.". | |
| Will Visa and PayPal's truce survive the 'single button' movement? ... and Miami have joined New York among U.S. cities that have joined Visa Ready for Transit, an initiative to boost contactless payments in transit systems. Transit payments are considered a gateway automation, since transit payments often precedes broader contactless and mobile payment adoption. | |
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| Stellar Lumens Leads Market Recovery After MobileCoin Crowdraise Once the MobileCoin network is launched, users will be able to integrate mobile payment features with popular messaging programs, such as WhatsApp. The Canadian startup is backed by Binance Labs and other prominent players in the blockchain industry. It launched its token sale via Ethereum, ... | |
| PayPal's (PYPL) Earnings and Revenues Beat Estimates in Q1 PayPal Holdings, Inc.PYPL reported first-quarter 2018 non-GAAP earnings of 57 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents. The figure increased 29.5% on a year-over-year basis and 3.6% sequentially. The year-over-year growth was driven by strong operating results. | |
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| Nets tests finger vein payments in Denmark Nets, a digital payments specialist, has launched a test of finger vein payments at the Copenhagen Business School in Denmark. The system, developed in collaboration with CBS, Smart Payments and Fingopay, lets students and visitors at the school cafeteria buy lunch simply by scanning their finger. | |
| A surge in Credit Card use, but what's being bought? One of the most known cashless governments in the world is the UAE, implementing the e-dirham for the public-sector payments and utilizing credit cards for private use. Network International (NI), a leading payment solutions provider, launched the Network Index of Consumer Spend (NICS), the ... | |
| China Focus: Booming trade benefit Chinese, Indian businesses GUANGZHOU, April 27 (Xinhua) -- More than 10,000 Indian businessmen attended the spring session of the biannual China Import and Export Fair that ended Friday, trying to tap business opportunities in China's largest trade fair. The booming trade between the world's two largest developing ... | |
| Why Amazon and Google Haven't Attacked Banks "Banks see other cloud providers investing in mobile payment capabilities, and there is a concern about disintermediation." With consumers increasingly turning to their mobile devices for money transfers and financial advice, some analysts have predicted that tech companies will supplant traditional ... | |
| Fitbit Pay now supports its first major UK bank in Santander Fitbit has announced that British bank Santander is now supported via the Fitbit Pay platform, for the Ionic and Versa smartwatches. The update to both smartwatches means those who bank with Santander can now make contactless payments using the Ionic or Versa, without needing a phone nearby. | |
| Citi study shows mobile banking is vital to consumers In today's digital world, the majority of bank executives from both small and large financial institutions realize how vital it is to have an engaging and useful mobile presence for their customers. And for those executives who have yet to grasp just how necessary that presence is for today's digital consumer ... | |
| Enrollment Starts Soon for Free Downtown Bus Pass Program The simplest one is mobile payment, which the Central Ohio Transit Authority (COTA) will be rolling out in conjunction with the start of the C-Pass program. Employees will just need to download an app, and then present a QR code to the COTA fare box in order to board. For employees without a smart ... | |
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