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1115

Bank of Apple Moves Closer With New Patent To Kill PayPal, Square

FORBES: Apple has quietly filed for a new patent which details a person-to-person money transmission method which could potentially grab market share from PayPal and Square, and hit the already beleaguered banking sector struggling to keep up with FinTech. Apple is already banking on consumers using the wallet in Apple Pay as their central source for general payments, (more…)

eWallets, Fintech news, news, p2p-payments

July 4, 2015

1662

Mobile wallet Xendit targets Indonesia’s P2P payment market

E27.CO: Currently in beta, the launched version will allow users to connect their debit cards, send funds to friends and  withdraw wallet funds to a bank accounts (more…)

eWallets, Indonesia, InspirAsia

July 1, 2015

1031

Apple Pay To Land In The UK In July & Why Android Pay Will Succeed Where Google Wallet Failed

WIRED: Apple Pay, the payments service that allows for contactless payments in stores and one-touch payments in apps, is finally launching in the UK. (more…)

eWallets, Fintech news, Mobile payments/banking, news

June 8, 2015

1205

Google Wallet funds are now FDIC-insured

YAHOO FINANCE: Google is making a big change to its mobile payment service, Google Wallet, Yahoo Finance has learned. Funds that are left in Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer — and they probably never even knew it. (more…)

eWallets, Fintech news, news

April 20, 2015

Your Google Wallet Funds Are Now Insured

ENGADGET: The money in your bank account is typically covered by federal insurance, but your internet payment services typically aren’t. If PayPal or Venmo went belly-up, you’d probably lose your existing balance. That won’t be a problem if you’re using Google Wallet, though. Google is now holding your Wallet funds in banks with FDIC insurance, so your digital credit is now that much safer. This isn’t to say that rivals leave you completely vulnerable — PayPal has fraud protection, for instance. However, the Wallet move means that you won’t have to go to court to get your cash back if Google goes bankrupt, no matter how unlikely that is.

eWallets, Fintech news, news

April 19, 2015

Coin, The One Credit Card To Rule Them All, Is Finally Shipping

TECHCRUNCH: The Coin (promising to let you combine all your credit/debit/loyalty cards into a single piece of tech) has delayed for so long that you might have forgotten that you ordered one. In November of 2013, the YC-backed company blew past its $50,000 pre-order goal in forty minutes, but despite a promise of summer 2014 shipping, the company has yet to ship a product that wasn’t in beta. Until today. After a six-month beta program, Coin is finally ready to ship a finished product to the 350,000 people who have pre-ordered in the first two months of pre-order. (more…)

eWallets, Fintech news, news

April 18, 2015

1316

Google Wallet Adds New Integrations With Shopify, Seamless, Dunkin’ Donuts And More

TECHCRUNCH: Google has been stepping up its game in mobile payments the last several months, buying Softcard’s point-of-sale tech and making some international advances for its money transfer service. Today it’s adding another crucial piece to mix: some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. (more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

April 9, 2015

1268

Indian Payments Startup MobiKwik Nabs $25M From Tree Line, Cisco, AmEx And Sequoia

TECHCRUNCH: The rise of e-commerce in India has triggered a wave of startups that are leveraging the increasing adoption of smartphones to provide mobile payment solutions. Alibaba invested in Paytm at an apparent billion dollar valuation earlier this year, and now MobiKwik is the latest to be flushed with new cash. New Delhi-based MobiKwik has pulled $25 million in funding, led by Singapore-based hedge fund Tree Line Asia. The deal included participation from a couple of interesting strategic investors — Cisco and American Express. (more…)

Deals, eWallets, Fintech news, India, InspirAsia

April 8, 2015

2968

Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

(more…)

Deals, eWallets, Fintech news, Hotnews

March 24, 2015

1213

Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

TECHCRUNCH: Amazon’s VP and General Manager of Payments, Matt Swann, who most recently oversaw initiatives including Amazon’s Square competitor called Local Register and Amazon Wallet, has left the company, TechCrunch has confirmed. The move comes shortly after Amazon shut down its beta version of Wallet in January amid mediocre reviews, and an increasingly competitive landscape where Apple Pay and Google Wallet now dominate.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news

March 20, 2015

1013

India’s Top Mobile Wallet App Adds Support For Payments To Bank Accounts

TECHCRUNCH: Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts. Mobile wallets, like that of Paytm, have grown in popular in India, where credit card adoption is low and many services, including online retailers, process a lot of cash-based transactions. (Its billion-plus population is estimated to have just 450 million bank accounts, with many unused.) Wallets are at the intersection of that, providing greater reliability than cash, but without requiring users to get bank accounts.

(more…)

eWallets, Fintech news, India, InspirAsia

March 13, 2015

1448

Battle For Mobile Payments: Guide to Digital Wallets

THE FINANCIAL BRAND: According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer’s wallet is so intense.

(more…)

Analytics, eWallets, Global trends, Mobile payments/banking, Mobile-first banks

March 10, 2015

929

Apple Pay Now Accepted In Nearly 700K Locations

TECHCRUNCH: Apple CEO Tim Cook offered a quick update this morning on the rapid growth of Apple Pay. Apparently the company’s mobile payment technology is now supported by 2,500 card-issuing banks (up from only six when the product was announced in September), while the number of locations accepting Apple Pay has tripled to nearly 700,000.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 9, 2015

1508

Genius Who Built A Nuclear Fusion Reactor At 17 Takes On The Payments Industry

FAST COMPANY: Thiago Olson, a 25-year-old founder and CEO of payment company Stratos, is now the focus of attention of the American media because his company has released a plastic card that can replace all bank cards in your wallet. However, Olson is no stranger to media attention: he built a nuclear reactor in his house at age 17.
(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 4, 2015

1264

New Connected Credit Card Aims To Succeed Where Coin Failed

WIREDRemeber Coin, the credit card-sized gizmo that promised to streamline your wallet by consolidating all your other, actual credit cards? It raked in approximately a gazillion dollars in pre-orders when it debuted in November 2013, only to become another certified crowdfunding debacle, beset by delays and acrimony. Buyers were initially told it would ship summer 2014; the vast majority are still waiting. If nothing else, the saga proved that there is interest in a wallet-slimming wonder card. Now, those interested have another option to consider. Stratos is more or less the same concept as Coin, just with a slicker design and one other key advantage: Its creators claim it’s actually ready to ship. The question is whether or not it will be relevant once the payment world starts the shift to chip-enhanced cards this fall.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 3, 2015

1008

PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple

TECHCRUNCH:  PayPal, the payments service with 162 million users preparing to separate from e-commerce giant eBay later this year, is announcing an acquisition today to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple and Google. It is buying Paydiant, a startup out of Boston that makes mobile wallet technology. That technology, in turn, powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC.

(more…)

Deals, eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 2, 2015

1113

Apple Pay Coming To Europe ‘By The End Of The Year’

WIRED UK: Tim Cook has told an employee at Apple Store Kurfürstendamm in Berlin that Apple Pay will be in Europe by the end of the year, and that he wears his Apple Watch in the shower, according to a report in French by Igen.fr. (more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

February 26, 2015