Technology
New Partnership for Square, Online Shopping with Venmo: News Roundup
PayPal makes headlines with Venmo and Square partners with SAP, while PPRO Group comes to Atlanta and Apple looks to India. Here’s your weekly news roundup.
Read MorePFs Helping Google Build Acceptance of its Mobile Payments Solution in India
When you hear about digital payments in India, you often hear about leading payment facilitator Paytm. But Paytm is not the only PF bringing electronic payments to businesses in India.
Read MoreLocalizing Transactions Key to Attracting International Shoppers
A study released by shipper UPS earlier this month concluded that today’s U.S. online shoppers are more likely than before to make purchases from international retailers, and more likely to buy from online marketplaces.
What does this trend mean for the merchants looking to attract those shoppers – and the payment facilitators enabling their payments?
Read MoreSingapore Strikes Blow in “War on Cash”
The drive among payments companies, banks, and governments to displace cash continues. And for many, the concept of using QR codes holds a great deal of promise.
Relatively easy to use and implement, the two-dimensional codes are more attractive to small and micro-merchants – where cash still reigns in many cases.
But are they being accepted by users?
Read MoreUps, Downs, and “Frothiness” in Between: PF Day Wrap
Interest in the business of payment facilitation is growing, not just among companies lured in to monetize transactions and the investors excited to fund fast-growing startups, but also regulators wanting to make sure a new third party isn’t taking advantage of consumers.
And all these eyes on the industry mean payment facilitators themselves, and companies thinking about switching to the model, are hungry for more information about how to run their business to take full advantage of all the opportunity in the space.
Read MorePayPal, Visa Extend Partnership to APAC
Visa and leading payment facilitator PayPal announced an expansion of a strategic partnership they entered into in the U.S. last summer.
The partnership is an agreement to work jointly to grow the adoption of mobile and digital payments. This latest agreement covers the Asia Pacific region.
As was the case in the U.S., the APAC partnership includes PayPal’s use of the Visa’s Digital Enablement Program (VDEP), which gives PayPal access to Visa’s tokenization technology. This enables PayPal users to conduct secure transactions at point-of-sale locations where Visa is accepted.
Read MoreAfter Demonetization, India Seeking a New Normal
The payments news from India just keeps coming.
As the government continues its push toward a cashless society, its policies are getting mixed reviews. But companies continue to shore up their digital payment offerings, hoping to capitalize on the climate there.
Read MoreEuropean PF Klarna Expands with BillPay Acquisition
Stockholm-based payment facilitator Klarna is again expanding in Europe, this time with the purchase of German e-commerce payment company BillPay.
BillPay enables customers to pay by invoice, direct debit, or in installments through its PayLater product.
Read MoreEuropean News Roundup: Rewards for U.K. Shoppers, Mastercard and Apple Pay in Spain
In this week’s roundup of news, Google offers rewards for U.K. Android Pay shoppers, Mastercard brings Apple Pay to Spain, and SecurionPay adds a cross-sale feature to its payments software.
Read MorePayPal Integrates Voice Commands in Time for Holiday Group Shopping
PayPal recently predicted that more than 17 million P2P transactions will occur during the month of December, as consumers – particularly millennials – pool money for gifts and use P2P payment apps to collect payment from each other.
According to the company’s Holiday Money Habits Study, an online survey of 1,000 American consumers released this week, half of millennials planned to go in on gifts together this holiday season compared to two-fifths of consumers in general.
Read More