“No pin pads to touch, less cash to handle and an easy, contactless way to pay… that’s the 7-Eleven Wallet. 7-Eleven, Inc.’s new app-based mobile wallet offers all customers — including those who would like to load cash — a true contactless, convenient way to pay nationally at participating U.S. stores. Easily accessible in the 7-Eleven app, 7-Eleven Wallet customers can securely load funds to use upon checkout using cash, debit and credit cards, Apple Pay, Google Pay and prepaid 7-Eleven gift cards. Cash must be loaded in store at the register, while other payment methods can be loaded in the app. Better yet, 7-Eleven Wallet users are not charged any loading or transaction fees and incur no interest fees like credit cards charge.”

“We’re always looking for new and exciting ways to make it easy for you to send and receive money from your friends and family, whether you’re splitting the costs for food delivery or sending a gift for a special occasion. As we prepare for a holiday season that will look a little different this year, we’ve teamed up with American Express to offer their Card Members a new way to seamlessly send money, split purchases and manage their expenses with PayPal and Venmo.”

“Mobile money services have been on an upward trend; but is every player making a killing from it? The answer is no, because, as you guessed, we have one leader dominating the market, and that is M-PESA. As of June 2020, mobile money subscriptions stood at 30.5 million.”

“Samsung device owners in Germany can now link a personal account at “almost any” German bank to Samsung Pay and then use a virtual Visa debit card to make mobile payments in-store. “After successful registration for Samsung Pay, the user receives a virtual Visa debit card that can be linked to almost any German bank account,” says Solarisbank , the banking-as-a-service platform that worked with Samsung and Visa to roll out the service in Germany.”

“The American government is banning the use of Chinese app WeChat for the transfer of funds or processing payments within the US. The Department of Commerce says it is prohibiting transactions relating to Tencent-owned WeChat, as well as another Chinese app, TikTock, to “safeguard the national security of the United States.”

“Residents and retailers in Bermuda are taking part in a pilot to test the viability of a “digital stimulus token”, which the Bermudan Government hopes to use to distribute financial aid more efficiently and to facilitate the purchase of food and other essential items during and beyond the Covid-19 pandemic.”

“Square Inc.’s Cash App looks a lot like a bank—digitally storing and transferring money for users. Investors don’t seem to mind. Square shares have rallied 28% in the past month and are up 166% since the start of the year, while bank stocks have fallen sharply. The run-up is mostly due to the popularity of its Cash App offering, which lets consumers send money to one another via smartphone, purchase things with a prepaid debit card and invest in bitcoin and slices of individual stocks, analysts and investors said.”

“Samsung Electronics Co., Ltd has today announced that the new Samsung Pay Card , powered by Curve , and in conjunction with global payments technology company Mastercard, will be available from August 18th [1] . With ONE simple to use digital-first card, Samsung Pay Card gives users complete control over their spending, without the fuss of having to change banks.”

“The disagreement stems from a longstanding App Store rule saying most apps must offer billing through Apple and pay the company 30% of revenue. On Thursday morning, Epic began offering customers a way to directly buy items for Fortnite and circumvent the fees. Hours later, Apple pulled the app.”

“Built by ChannelMeter, the Creator Cash app for iOS and Android promises YouTubers early payment access and the tools to think about their content and channels in a revenue driven way.”

“Digital Money Myanmar Limited (“Wave Money”) and Ant Financial Services Group (“Ant Group”), operator of Alipay, today announced a strategic partnership to promote financial inclusion for the unbanked and underbanked communities in Myanmar. Ant Group’s expertise in mobile payment and digital financial services will help boost Wave Money’s technological capabilities to provide greater convenience and security in mobile financial services across Myanmar.”