Recently, it was announced that David Marcus, the man behind PayPal’s online-payments service, would be joining Facebook as its head of messaging. At Facebook’s Q2 earnings call, CEO Mark Zuckerberg commented on the company’s plans to monetize via payments. “There will be some overlap between Messenger and payments, and it...
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On 22nd July 2014, Stripe announced the launch of its payments platform in Australia – the company’s first attempt in Asia-Pacific. Now, Australian businesses can immediately begin accepting payments from anyone, anywhere in the world. “When I moved to Australia a couple of years ago, I quickly noticed that online...
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Last week, the Reserve Bank of India paved the way for niche banking by issuing guidelines for two new categories of banks: “small” and “payments.” The idea was to enhance financial inclusion in India. The interesting part is the idea of payment banks. Traditional nonbanking companies are eligible to apply...
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Mobile payments have been a major talking point in Australia and around the world for a number of years. Hype around trials, joint ventures and roll outs have come and gone and the feeling of frustration that all of this effort and expense has not achieved mass market deployments has grown....
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Amazon has silently joined the mobile wallet race with the introduction of the Amazon Wallet on Google Play and the Amazon Appstore. The wallet does not feature any mobile payment options or credit/debit-card storage. It is a fairly downsized mobile wallet that enables users to store and organize their loyalty...
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On 22nd July 2014, Card.com, a mobile alternative to traditional branch banking, announced a collaboration with IDology, a provider of innovative technology that verifies a person’s identity and deters fraud anywhere in the payments value chain. "We are excited to partner with IDology and help us quickly and easily verify...
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With Facebook and Twitter integrating payments into their mainstream services, the time has come to leverage social media in the payments and commerce space. With the typical social-media user habitually sharing day-to-day activities, it’s natural for users to share payments on social platforms. Let’s have a look at two companies...
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Indonesians received an estimated $7.6 Bn in remittances in 2013, an increase of 5% over the previous year, according to the World Bank. On 21st July 2014, online money-transfer service WorldRemit announced that it is now offering its users the ability to send money to friends and family in Indonesia who use Indosat’s...
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There has been a digital disruption causing a dramatic change in the function, purpose and design of payments channel in just over a decade. Wearable payments will be one of the ways customers do transactions. It is all about convenience and the speed of the transaction. Look at the number...
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With the global e-commerce market forecast to grow over 17% a year, representing a total value of almost $2.4 Tn by 2017, fraud prevention is becoming a big issue in the industry. With that in mind, on 21st July 2014, ACI Worldwide, a leading global provider of electronic payment and banking...
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Starbucks is well known for proactively embracing cashless payment methods. The Seattle-based company hit the headlines a few years back when it teamed up with Square to process mobile payments. Its mobile payment app is already well known for enabling users to pay by scanning the bar code tied to...
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LevelUp Launches Android Wear App To Enable WristBased Payments Thought paying with your smartphone was futuristic? Well, now you can pay with your smartwatch too! The future is coming… and here at LevelUp, we’re just a little bit too excited about it. Today, we’re announcing the launch of our LevelUp application for...
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