Payments

News Aggregation - OTI, Ebay, Tata, Ghana, and Square Payment News

MEDICI

At Let's Talk Payments we want you to get all the important Payment News and Analysis, right in your inbox. So we are adding another channel called News Aggregation wherein we will bring to you important news from other sources as well apart from LTP. So you don't have to put in effort to search everywhere, just read on Let's Talk Payments without missing anything important.

1) Digitaljournal - OTI Receives $10 Million Payment From Sale of SmartID Division

On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC), has closed the sale of its SmartID division to SuperCom Ltd. (NASDAQ: SPCB), a global provider of traditional and digital identity solutions.

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2) Businessweek - EBay's John Donahoe on E-Commerce and Mobile Payments' Future

What’s the next set of goals, beyond returning to growth? In the eyes of the consumer, e-commerce and retail are now one. It’s just shopping, right? And that’s why you see us taking steps to get more involved in the full commerce environment. An example would be EBay doing one-hour delivery. You buy online, but you get it delivered to you from an offline store. Another example would be PayPal being accepted by offline merchants. A tenet of the strategy has been to partner with offline stores. This summer you’re making your debut in Kate Spade stores in New York, where there’s an interactive wall. Why does partnering with these very offline brands make sense?

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3) Dnaindia - Tata gains momentum in mobile wallet race

In India’s Rs 6,500-crore mobile wallet market, mRupee, Tata Teleservices’s service, is giving established operators Airtel (which offers Airtel Money) and Vodafone (m-pesa) a run for their money. It has reported a 20% on-month growth since April with 35% repeat customers.

Launched in March and available across 2,000 outlets in 15 cities, mRupee now sees around 2.50 lakh transactions per month with an average transaction value of Rs 3,800.

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4) Atmmarketplace - Ghana links mobile payments to national switch

All banks in Ghana will be able to introduce mobile payments following enhancements to the country's interbank switching and processing system by Bank of Ghana subsidiary Ghana Interbank Payment and Settlement Systems, orGhIPSS. The enhancements are to the gh-link platform, GhIPSS' interbank switching and processing system, which interconnects switches operated by financial institutions and systems owned by third party institutions.

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5) The Motley Fool - Square Has Already Won Mobile Payments. Here's Who Stands to Benefit

Brandon Workman of Business Insider Intelligence thinks that Square and, more generally, card reader technology, has already won the fight for mobile payment dominance.

But alas for Foolish investors, Square is a private company (for now). Where does that leave an investor to turn?

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MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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