BankTech

LTP Weekend Recap: Feb 27, 2015 - Mar 01, 2015

Let’s face it, the weekend is a busy time. Whether you were catching up on work or taking some much needed personal time, we understand if you weren’t able to keep up with your favorite source for payments and digital commerce news. That’s why here at LTP, we’ve decided to fill you in on the key happenings that you might have missed over the weekend. Below are some of the more significant topics. Be sure to check out the full articles too!

10 Amazing Insights from South America

Believe it or not, a lot of big moves for payments are being made in South America. Many start-ups are either coming out of the region, or heading into it. Here are a few big names and what they’re planning on doing:

  • Alpha Payments Cloud and SafetyPay established a partnership, allowing consumers to shop from merchants worldwide and pay directly from their bank account in their local currency or in cash.
  • iZettle, a social payments company, recently partnered with Banco Santander to launch their “Square-like” services in Brazil & Mexico.
  • Bradesco (a bank based in Brazil) and Claro (a leading mobile network operator) have teamed up with Giesecke & Devrient to provide NFC capabilities through 200,000 NFC terminals in Brazil.
  • Nubank is providing an alternative to Brazil’s difficult credit card approval process through its new app that acts as a platinum credit card.
  • Taxibeat, a taxi locating app, is becoming the ‘Uber’ of Sao Paulo, Rio de Janeiro, and Mexico. It allows users to hail a taxi based on a multitude of selectable criteria.

The payments market in Brazil continues to expand. In 2014, Brazilian e-commerce generated an astounding $13 billion USD, and is seeing an annual growth of 24 percent. For more information on any of the companies listed above, or a full delve into the topic, check out the original article.

Visa Announces Agreement to Acquire TrialPay

TrialPay, a leading payments technology company founded in 2006, recently partnered with Visa as a result of its ad targeting capabilities. TrialPay has a reach of over 500 million users through 20,000 merchants in 180 countries. The company specializes in connecting the right type of advertisements with the right customers. This is accomplished through the use of monetization toolkits and allowing developers/third-party platforms to connect and reach the consumers efficiently. Visa will be using TrialPay for promotional targeting based on a user’s transaction history.

For more information on any of the companies listed above, or a full delve into the topic, check out the original article.

MasterCard’s Global Competition Will Crown the “Masters of Code”

MasterCard is holding a world-wide, year-long competition in search of the world’s best Coders. The competition will travel through 10 cities over the course of the year, with the finals being held in Silicon Valley from Dec 5th-6th, 2015. Contestants will compete in teams of 5 throughout various regions in 9 countries. All projects must be new, and will be judged on the criteria of impact, design, creativity, simplicity, and how well MasterCard’s API was used. The winners will receive $100,000 to develop their project, among other prizes.

For more information on any of the companies listed above, or a full delve into the topic, check out the original article.

Kate

Kate is a staff writer at LetsTalkPayments.com., , She likes to write about mobile payments and mobile commerce.

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