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April 7, 2022

On the web

Apple Pay Surpasses Venmo and PayPal As Teens’ Favorite Payment App, Shows Piper Sandler Survey

9to5Mac

“Piper Sandler just shared its 43rd semi-annual Generation Z survey with 7,100 US teens. It shows that Apple Pay dominates teens’ favorite payment apps, while iPhone and AirPods are an important part of their daily lives. Last April ,  88% of teens used to own an iPhone and 90% expected an iPhone to be their next phone. Both of these numbers were new all-time highs. The report also showed that 70% of US teens owned AirPods.”

March 17, 2022

On the wires

Comdata Launches Digital Lumper Payment Solution for Fleets Nationwide

businesswire

Comdata Inc., a FLEETCOR company and world leader in payment innovation, announced the evolution of its on-demand warehouse payment capabilities. The new solution digitizes and automates the capture and delivery of lumper payment receipts without driver interaction. It is the next generation of Comdata’s Comchek, which provides warehouse locations and fleets an efficient and modernized system to accept lumper payment without driver interaction through a mobile device.”

October 8, 2021

On the web

American Express Debuts In-app Connection to PayPal

American Banker

“American Express spent the last few years updating its mobile app to make more room for PayPal users. The newest revision enables customers to add their Amex card to PayPal by tapping a button within Amex’s mobile app, streamlining what had been a complex process, Amex announced Thursday. The so-called app-to-app functionality is available first on Android, with iOS coming soon, Amex said. Initially Amex executives weren’t sure they could pull off the app-to-app approach.”

September 24, 2021

On the web

New York City Council Passes Sweeping Food Delivery Protections

Bloomberg

“The sweeping measures would require restaurants to grant couriers access to bathrooms, set a minimum per-trip payment and a guarantee that couriers receive full tips, and allow the workers to set limits on their routes. The apps will also be required to pay couriers at least once a week, offer payment options that don’t require a bank account and will be prohibited from charging fees to workers to receive earnings.”

August 24, 2021

On the web

E-wallet Companies Battle Card Giants in Emerging Markets

American Banker

“Consumers in emerging markets are more likely to use a mobile app than a credit card for payments. That’s driving Boku’s move to unite mobile wallets and wireless operators to provide an interoperable cross-border alternative to Visa and Mastercard in the battle for unbanked consumers…Boku, which allows consumers to make payments via their mobile accounts, just launched M1ST, a network that connects more than 330 mobile payment services in 90 countries, with as many as 5.7 billion accounts, mostly in Asia, Latin America and Africa.”

August 23, 2021

On the web

NatWest and Mastercard Extend Payments App to Almost Half of UK Mobile Banking Users

Finextra Research

“NatWest and Mastercard have announced the extension of their Pay by Bank app (PbBa) for secure online payments to mobile app users across NatWest Group brands Royal Bank of Scotland, Ulster Bank and Coutts. This expansion comes after NatWest announced earlier in 2021tits migration of all its debit card portfolios to Mastercard. PbBa will be available to over 21 million UK mobile banking apps and will be free to use by the end of the year.”

August 18, 2021

On the wires

August 16, 2021

On the wires

UnionPay International Launches First Contactless E-wallet in Tajikistan

“UnionPay International (UPI) announced today that it has partnered with the International Bank of Tajikistan to launch the country’s first contactless e-wallet, making UnionPay the first payment brand to offer mobile contactless payment services in the country. As a result, the number of e-wallets outside the Chinese mainland that support UnionPay cards reaches 100. Meanwhile, the number of merchants accepting UnionPay mobile payments has exceeded 10 million. The two milestones mark the forming of an interconnected UnionPay cross-border mobile payment ecosystem.”

August 13, 2021

On the web

Giant Eagle Now Takes PayPal, Venmo Payment at Checkout

Supermarket News

“Giant Eagle has become the first grocery and convenience store retailer to enable PayPal and Venmo transactions at checkout, according to card and digital payment specialist Blackhawk Network. All 474 Giant Eagle supermarket and GetGo fuel/convenience store locations now accept PayPal online and Venmo mobile payments by allowing shoppers to scan QR codes at checkout, Pleasanton, Calif.-based Blackhawk said Thursday. The retailer partnered with Blackhawk to integrate the two digital payment options — PayPal owns the Venmo mobile payment service — in its stores.”

August 9, 2021

On the web

Lightspeed to Offer Payments Solution to 5 European Markets

www.fastcasual.com

“Lightspeed, a commerce platform provider, has announced it will roll out its payments solution for hospitality merchants in Germany, France, Belgium, Switzerland and the Netherlands. The solution offers mobile and contactless payments to allow businesses to process payments and manage their services from one platform, according to a press release. Lightspeed has already launched its services in Canada and the U.S., with plans to expand into the Asia-Pacific region in the coming months.”

June 30, 2021

On the web

Three Nordic Mobile Payment Providers Merge

Reuters

“Denmark’s Danske Bank said on Wednesday it had agreed with OP Financial Group in Finland and a consortium of banks including DNB in Norway to merge their mobile payment platforms. The three mobile payment providers, MobilePay in Denmark, Pivo in Finland and Vipps in Norway, serve 11 million users and more than 330,000 shops and web shops.”

June 21, 2021

On the wires

GSMA Study Reveals That the Gender Gap in Mobile Internet Use Is Shrinking, Despite the Onset of the COVID-19 Pandemic

“A record number of women in South Asia now use mobile internet services, helping shrink the gender gap to 15% from 19% last year in low- and middle-income countries despite the onset of COVID-19, according to the fourth annual GSMA Mobile Gender Gap Report published today. The gains in South Asia, which had the most significant gender gap in 2019 with women 50% less likely than men to use mobile internet, masked the stagnation in other regions such as Sub-Saharan Africa. Women in both regions now face a similar gender gap in mobile internet use – 37% in Sub-Saharan Africa and 36% in South Asia. The GSMA report showed an estimated 112 million more women started using mobile internet last year across low- and middle-income countries. Nevertheless, 234 million fewer women than men access mobile internet. Moreover, the underlying gender gap in mobile ownership persists and is proving difficult to close.”

June 14, 2021

On the web

Nigerian Payments App Paga May Be Africa’s Next Unicorn

Bloomberg

“Nigeria’s biggest mobile payments company is vying to become Africa’s next unicorn, and its ambitions now stretch beyond the continent. Paga, whose backers include U.S. billionaire investor Tim Draper and former Goldman Sachs Group Inc. economist Jim O’Neill, boasts 17 million unique users including tech entrepreneurs, businesses and individuals in Africa’s most populous nation. Modeled after PayPal, it processed $2.3 billion worth of transactions in 2020 and $8 billion during the past four years, according to Tayo Oviosu, the company’s chief executive officer who founded it in 2009. Paga could reach a valuation of at least $1 billion “in the next year or two,” Oviosu said in an interview.”

June 11, 2021

On the web

Claro Argentina partners with DOCOMO Digital to Boost Mobile Payments  | Billing & Payments

Telemedia Online

“Claro Argentina, a leading mobile phone operator and part of the América Móvil group, has teamed up with DOCOMO Digital, one of the leading integrators of digital app stores, to facilitate the purchase of applications and content with direct carrier billing (DCB), within the Samsung Galaxy Store, using a Claro’s pre-paid or post-paid accounts. Thanks to this integration, Claro offers its subscribers the possibility to purchase digital services (applications, games, etc.) on theSamsung Galaxy Store via their top-up balance (in the case of prepaid users) or via billing on the phone receipt as an additional charge (in the case of postpaid users), quickly and easily. Digital content consumption has increased and Claro is committed to simplifying the associated transactions.”

May 27, 2021

On the web

Mondia Pay Expands Fintech Opportunities With New Partnership

Ventureburn

“Ecommerce brand Mondia Pay has partnered with Vodacom’s M-Pesa financial service to offer the company’s online content on the Vodacom Tanzania network. Customers can use the Mondia Pay and M-Pesa payment option to access entertainment such as sports, films, and games. Previously, Vodacom Tanzania customers used airtime balances via SMS and USSD to subscribe to Mondia’s digital services. The Company’s services include PlayInc., MyMuze, and Vodacom Premier League.”

May 20, 2021

On the web

Mobile Money In Africa Reaches Nearly $500bn During Pandemic

Forbes

“Mobile Money transaction boomed globally in 2020, especially in sub-Saharan Africa which accounted for 43% of all new accounts, according to the GSM Association. More than half of such accounts are in Africa, which is has been the fastest-growing region for mobile phone growth for several years. “Many of the socio-economic and development challenges arising from the pandemic are being tackled with mobile money tools,” says Mats Granryd, the director general of the London-based GSMA, an umbrella body for the mobile industry. According to the GSMA’s State of the Industry Report on Mobile Money 2021, “sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade”. It continued to account for most of the growth in 2020 with 43% of all new accounts.”

April 20, 2021

On the wires

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

Zeepay , the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money in Zambia… Mangwee has been in operations since 2018, and was initially set up to operate as an alternative wallet targeting university students in Zambia with the aim of assisting to drive the cost of mobile money services downward. Zeepay is the leading African challenger fintech with operations across 20 African countries and 30 day active in 10 of them. The company specializes in paying remittances into mobile money wallets across Africa and is regulated by both Bank of Ghana as an EMI issuer and in the UK as a Money Transfer Operator, by the Financial Conduct Authority.”

April 14, 2021

On the web

Glitchy Bank Networks Slow India’s Mobile Payments Revolution

Bloomberg

“Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There’s just one problem: The networks of India’s biggest banks have struggled to keep pace, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say. The problems have been especially embarrassing for HDFC Bank Ltd. , the country’s top bank by market value. It’s touted its online prowess, only to be blasted on Twitter by frustrated customers and banned by India’s bank regulator from offering new digital products until its technology is fixed.”

March 29, 2021

On the web

Huawei Gains Payment License After Latest Acquisition | KrASIA

KrASIA

“Huawai has gained a mobile payment license in China after buying Shenzhen Xunlian Zhifu Network from Shanghai Wo Rui Ou Information Technology Co., Ltd., China Securities Journal reported on Sunday… Huawei has been in the mobile payment sector for years, leveraging on UnionPay’s mobile payment service, Yunshanfu. The Huawei Pay app, which launched in 2016, allows Huawei phone owners to pay for goods online, as well as in bricks-and-mortar stores and for bus rides even with the connection turned off. The services are based on near field communication (NFC), a technology that hasn’t found many users in China, Zhang Yu, an analyst with iResearch, told KrASIA on Monday.”

On the wires

MFS Africa Now Reaches Over 320 Million Mobile Money Wallets, Covering 60% of All Mobile Wallets in Sub-Saharan Africa

“Pan-African fintech leader MFS Africa has today announced that it now reaches over 320 million mobile money wallets,[1] enabling a range of banks, telcos, money transfer operators, and other financial institutions interoperability at scale in Africa through a single integration point. Based on the 2021 State of the Industry report on Mobile Money released by the GSMA, this means that the company covers 60% of all mobile money wallets in sub-Saharan Africa. The MFS Africa partnership with Xoom , a PayPal service, which connects the diaspora in the UK, US, Canada and Europe to mobile wallets in Cameroon, Ghana, Rwanda, Uganda, Zambia, and Zimbabwe via the MFS Africa Hub was also mentioned as one of the 12 key highlights for the industry in this year’s report. Since the launch of the services in December, Xoom has added Cote d’Ivoire, Madagascar, Malawi and Mozambique.”

Mobile Money Accounts Grow To 1.2 Billion In 2020, According To The GSMA

“The GSMA has today published its annual ‘ State of the Industry Report on Mobile Money’ . It reveals a dramatic acceleration in mobile transactions during the COVID-19 pandemic as lockdown restrictions limited access to cash and financial institutions. The report found that the number of registered accounts grew by 13 per cent globally in 2020 to more than 1.2 billion – double the forecast. The fastest growth was in markets where governments provided significant pandemic relief to their citizens.”

March 8, 2021

On the web

Wallyt, NIC ASIA Bank and Fintech FirstPay Team up

Electronic Payments International

“Nepal’s NIC ASIA Bank, is partnering with Nepal’s payment system operator FirstPay and Hong Kong based digital banking solution provider Wallyt to launch digital payment services to its merchants through WeChat Pay and UnionPay QR. The partnership enables merchants associated with the bank to reach more Chinese guests by giving the opportunity to use their domestic payment method.”

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

Crowdfund Insider

“GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base and new merchants with the option to take digital payments for purchases via the ShopeePay mobile wallet.”

February 17, 2021

On the wires

Mastercard and MTN Empower Millions of Consumers in Africa to Make Payments on Global Platforms – MTN Group

“Mastercard and MTN today announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach to an international marketplace and unlocking a host of opportunities.”

February 8, 2021

On the web

Chinese Consumers Now Make Three Mobile Payments Every Day

NFCW

“Chinese consumers made an average of three mobile payments a day during 2020, while 98% of the Chinese population consider mobile payments to be their most frequently used transaction method, an increase of five percentage points on last year, a new survey reveals. The number of consumers making mobile payments using a QR code also rose to 85%, up six percentage points on 2019.”

January 28, 2021

On the web

January 21, 2021

On the web

Kenyan Banks Rattled As Mobile Payment Platforms Surge in 2020

Totaltelecom

“The Kenyan banking industry has reportedly lost around $11 million in revenue from card payments to telco mobile platforms in the last nine months With the coronavirus pandemic still ongoing, bringing with it a host of economic struggles, Kenya’s banks are feeling the strain. But this is not just a matter of fewer transactions taking place during this difficult period, but also the medium through which these transactions are being made.”

January 19, 2021

On the web

TikTok Owner ByteDance Launches Douyin Pay, Mobile Payment Service for China

Reuters

“Beijing-based ByteDance recently launched its own third-party payment service for Douyin, the Chinese version of its hit short video app TikTok, as it presses to expand into the e-commerce business in China. “The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin,” Douyin said in a statement to Reuters on Tuesday.”

January 15, 2021

On the web

December 7, 2020

On the web

The BCRA enables new forms of payment with transfers from today

Explica

“The first stage of the national system of Payment with Transfer 3.0, the initiative launched by the Central Bank of the Argentine Republic (BCRA), will begin operating this Monday in 50,000 shops as a tool that will integrate all electronic wallets and banking applications, to boost the digital payments and promote a greater financial inclusion in the country.  3.0 transfers will allow, within one year, that any business or company in the country can charge for its services through payments made with the cell phone, with immediate accreditation and with the lowest commission in the market, which will allow building a open and universal digital payments ecosystem.”

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