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Mobile payments/banking
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311

Are your mobile payments safe?

Online deals become more and more popular now. There are almost 5 billion mobile device owners and a lot of them use virtual money. According to Deloitte, 31% of people from 18 to 24 years old use mobile payments frequently. It rises to 36% for the group from 25 to 34 years old, meaning that more than 2/3 of young population are familiar with online transactions! (more…)

Fintech news, Global trends, Mobile payments/banking

May 16, 2018

Canadian SMEs want more digital payment options

By Payments Canada,

Small businesses in Canada are ready for more payment options, according to a new Payments Canada survey. Businesses want more choice for their customers at point-of-sale and more options for their back-office payments to suppliers and vendors, such as e-transfers, e-wallets and digital currencies. (more…)

Mobile payments/banking

March 16, 2018

597

Mobile wallet growth in India

It seemed next to impossible when the thought of digitalizing the economy floated the market. India has always been a budding market and even today the country enjoys 97% of its transaction in cash. The situation was put to test in the market when the whole country which was banking on cash was forced to depend on other avenues as 86% of the cash in the market was withdrawn overnight. (more…)

eWallets, InspirAsia, Mobile payments/banking

March 14, 2018

855

Fintech Alternative Banking Options (Infografic)

The traditional banking landscape has been dominated by the same banks for a considerable amount of time. The “Big Four”, combined with a few others, have created an oligopoly that remained unchallenged for years. The emergence of fintech and fintech companies represents a new threat to traditional banking and an increase in consumer choice. In fact 2017 saw more money invested in the UK fintech market than anywhere else in Europe, despite the concerns over Brexit. (more…)

Global trends, Hotnews, Mobile payments/banking, Mobile-first banks

March 12, 2018

476

UK contactless mobile payments hit tipping point

Brits used their NFC-enabled mobile phones to spend nearly a billion pounds at the checkout last year, a 328% year-on-year rise, according to figures from Worldpay. (more…)

Hotnews, Mobile payments/banking

March 1, 2018

French Fintech Lydia Secures €13 Million in Latest Funding Round to Accelerate Cashless Payment Growth in Europe

Lydia, the French mobile payments firm, announced this week it has raised €13 million through its latest funding round, which was led by CNP Assurances with participation from XAnge, New Alpha AM, Oddo BHF and Groupe Duval. The company reported it plans to use the latest funds (which brings its total funding to €23 million) to continue acceleration of cashless payments in Europe. (more…)

Mobile payments/banking

February 19, 2018

520

Alkami raises $70 million for mobile banking software

By Katie Roof for techcrunch

There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. (more…)

Fintech news, Mobile payments/banking

January 9, 2018

1075

Tandem Bank unveils credit card

By Tandem

We’ve previously used the hyperbole of ‘big huge news’ during an earlier burst of, well, big huge news, and now we’re stuck for synonyms to announce anything else. (more…)

Banks, Hotnews, Mobile payments/banking

November 23, 2017

763

Mobile payment and loyalty platform Yoyo Wallet integrates with Starling Bank

By Steve O’Hear for Tech Crunch

In another example of Starling Bank jumping on the Open Banking/PSD2 train before legislation in the U.K. and Europe next year will force banks to do so, it is launching its latest API partnership: this time with Yoyo Wallet, the U.K.-based mobile payment and loyalty platform. (more…)

Hotnews, Mobile payments/banking, Open Source/ API

November 23, 2017

828

BancoEstado and SumUp to launch mobile card acceptance in Chile

by SumUp

SumUp, the leading financial technology provider, and BancoEstado de Chile, the largest national bank of Chile, today announce the launch of a joint venture offering mobile card acceptance to small businesses. (more…)

Banks, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

November 22, 2017

570

Fintech startup Curve partners with accounting software Xero to make filing expenses ‘frictionless’

By Steve O’Hear for TechCrunch

Curve, the London fintech startup that lets you consolidate all your bank cards into a single card and track your spending, has partnered with accounting software Xero to remove much of the friction involved in filing expenses. The move is part of the newly-launched ‘Curve Connect’ feature that will see Curve connect to a growing list of third-party apps and services to make managing your money easier. (more…)

Fintech news, Hotnews, Mobile payments/banking

October 3, 2017

775

IZettle rolls out invoice service in the UK

By IZettle

iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. (more…)

Deals, Fintech news, Global trends, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

September 15, 2017

907

Square applies for bank status

Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs). (more…)

Global trends, Hotnews, Mobile payments/banking, Payment processors/providers/gateways, POS/mPOS and online acquiring

September 8, 2017

745

Brief: Singapore lags behind in online payments

The news (extracted from Today):

  • Ninety percent of Singaporeans surveyed by online payments giant PayPal say they prefer to use cash as their primary mode of payment, with only a small percentage using online payments regularly.
  • The preference for cash in Singapore was followed in popularity by other traditional payment methods such as bank transfers or internet banking at 74 percent, with 61 percent saying they prefer credit cards.
  • Despite these preferences, only 43 percent use cash regularly, citing problems such as having insufficient cash on hand and long queues at ATMs.

(more…)

Fintech news, Global trends, Government activities, Mobile payments/banking

August 31, 2017

975

Klarna wins equity investment from Brightfolk

By Klarna

Klarna AB (publ) is pleased to announce that Brightfolk A/S, a company held by Anders Holch Povlsen, will acquire a strategic equity stake in the company. (more…)

Fintech news, Global trends, Hotnews, Mobile payments/banking, p2p-payments

June 8, 2017

1434

UK payments market: Contactless cards set to overtake cash in 2018

By Alex Rolfe

Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to a new report. This latest forecast still does not herald the demise of cash – even in ten years’ time it is still expected to make up 21% of all payments. (more…)

Cashless, Hotnews, Mobile payments/banking

May 30, 2017

1178

M-Pesa Mobile Banking To Cover More Of Africa

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. (more…)

eWallets, Global trends, Hotnews, Mobile payments/banking

May 29, 2017

1087

IZettle launches order-and-pay app for independent cafes

By Izettle

Intelligentpos by iZettle, the leading provider of EPOS to the hospitality and retail industry, today launches Order & Pay, a mobile app that lets customers pre-order and pay for products prior to collection. (more…)

Mobile payments/banking, POS/mPOS and online acquiring

May 25, 2017

1407

Spending tops $20 trillion on global card networks in 2016 – Infographic

By Alex Rolfe for Payments Cards And Mobile blog

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. (more…)

Credit/Debit/Prepaid cards, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

May 22, 2017

841

Ex-Tandem CTO onboard for Dubai-based digital bank

The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai. (more…)

Banks, InspirAsia, Mobile payments/banking, Mobile-first banks

May 18, 2017

1171

PayPal partners with Android Pay for mobile payments

In news from the Google I/O the tech giant announced that they will partner Android Pay and PayPal for a mobile payments platform, the companies announced this morning. (more…)

Global trends, Hotnews, Mobile payments/banking

May 18, 2017

1062

Playing With The Band — mPOS And Cashless Concerts

By PYMNTS

It seems that mobile payments are finding perfect harmony with concertgoers. The latest mPOS Tracker™ catches up with Ben Taylor, COO of Front Gate Tickets, on how the company is using RFID technology to take concerts cashless. This issue digs into the many moves by mobile payment technology providers like Square, as they set their sights on new markets and new payment experiences. Find all that, plus rankings of 271 top players in the space, inside this month’s issue.

(more…)

Cashless, Hotnews, Mobile payments/banking

May 11, 2017

1160

ING joins Digicash family

By ING

ING is joining the DIGICASH family with the launch of its ING DIGICASH app in Luxembourg. (more…)

Banks, Bots, Global trends, Hotnews, Mobile payments/banking

May 9, 2017

974

Biometric Mobile Payments Set To Explode In 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. (more…)

Bots, Global trends, Hotnews, Mobile payments/banking, Security

May 9, 2017

Intuit Taps Machine Learning For Freelancer Expense Management

As TechCrunch put it in its Tuesday (May 2) report, expense management for the self-employed “sucks.” (more…)

Fintech news, Global trends, Mobile payments/banking, SME

May 4, 2017

883

Flux, a fintech startup founded by ex-Revolut employees, wants to make paper receipts obsolete

By Steve O’Hear for TechCrunch.com

Flux, a London-based fintech startup founded by three early employees of foreign exchange and banking app Revolut, is on a mission to make store receipts truly digital. (more…)

Deals, eWallets, Mobile payments/banking, Payment processors/providers/gateways

April 24, 2017

970

Shopify ships card reader

Shopify Inc. (SHOP)(SHOP.TO), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced its new free Chip and Swipe card reader for in-person selling. (more…)

Global trends, Hotnews, Mobile payments/banking

April 21, 2017

1035

Banking tech platform Meniga secures €7.5 million in new funding

Digital banking technology startup Meniga has announced a funding round of €7.5 million from Industrifonden. Velocity Capital, Frumtak Ventures, and Kjolfesta also participated. (more…)

Banks, Fintech news, Mobile payments/banking, PFM/PFP services

April 12, 2017

Lend Closes CHF3.5M Series A Funding

By FinSME

Lend, a Zürich, Switzerland-based fintech startup, closed a CHF3.5m Series A funding. (more…)

Deals, Fintech news, Global trends, Mobile payments/banking

April 11, 2017

906

ANZ to use voice prints for mobile authentication

ANZ is to pilot the use of voice biometrics on mobile devices to automatically authorise high value payments. (more…)

Banks, Hotnews, Mobile payments/banking

April 4, 2017