{"id":3866,"date":"2017-12-20T15:22:04","date_gmt":"2017-12-20T15:22:04","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=3866"},"modified":"2022-04-29T16:06:41","modified_gmt":"2022-04-29T22:06:41","slug":"maybank-uses-qr-codes-to-facilitate-cashless-payments-payu-nigeria-launches-payu-receive-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/maybank-uses-qr-codes-to-facilitate-cashless-payments-payu-nigeria-launches-payu-receive-news-roundup\/","title":{"rendered":"Maybank Uses QR codes to Facilitate Cashless Payments; PayU Nigeria Launches PayU Receive: News Roundup"},"content":{"rendered":"

Maybank uses QR codes to facilitate cashless payments while iSalonSoftware partners with Cardstream to offer SalonPay. Go-Jek attempts to level the playing field with Uber and Grab and PayU Nigeria launches PayU Receive.<\/strong><\/p>\n

Here\u2019s your weekly news roundup!<\/strong><\/p>\n

Indonesia\u2019s most valuable startup looks to compete with industry giants Uber and Grab. <\/strong>Go-Jek, a ride-hailing startup based in Indonesia has just entered into \u201cdefinitive agreements\u201d with three local fintech startups: Kartuku, Midtrans and Mapan, according to Nikkei Asian Review<\/a>.<\/p>\n

The same article<\/a> claims the multiple acquisitions serve as a prelude to a pending expansion of Go-Jek\u2019s payment service. Ultimately, the company plans to expand its electronic wallet Go-Pay \u2013 used currently to facilitate payments for the app\u2019s ride services \u2013 into a payment option for third parties. Following the Alipay model in China, Go-Jek would open its platform up to restaurants and online shopping sites.<\/p>\n

Testing is under way right now via QR code technology and the commercial launch is slated for 2018, according to the same article<\/a>.<\/p>\n

iZettle raises $47 million in latest funding round.<\/strong> The Stockholm-based mobile payments company secured one of Sweden\u2019s largest pension funds as the most recent investor to back the company in its \u201cambitious growth plan and product innovation,\u201d according to CEO and cofounder Jacob de Geer via Business Insider<\/a>.<\/p>\n

Commenting on the investment, the same article quotes<\/a> Per Colleen, head of fundamental equities at The Fourth Swedish National Pension Fund (iZettle\u2019s most recent investor) as saying: “We believe in iZettle\u2019s long-term development opportunity through their data-rich technology platform, built for scalability combined with five years of unique insights about the needs of small businesses, which makes it an attractive investment case.”<\/p>\n

Maybank has launched a pilot using QR code technology to offer cashless mobile payments to its customers<\/strong>, according to the bank\u2019s press release. Currently Malaysia\u2019s largest financial services group, Maybank\u2019s ultimate goal with Maybank QRPay (set to launch to the public in January 2018) is to further promote the use of cashless commerce.<\/p>\n

Maybank QRPay enables customers to transact in real time by scanning a QR code on their mobile device. Datuk Lim Hong Tat, Maybank\u2019s head of group community financial services, explained that Maybank believes the service \u201chas the\u00a0potential to complement the debit or credit card as a cost-effective alternative to cash due to the lower infrastructure cost and the increasing use of mobile phones in Malaysia,\u201d the release said.<\/p>\n

PayU Nigeria launches PayU Receive<\/strong>. The globally recognized payments gateway is optimizing the way their customers send and receive payments, according to an article posted by CPI Financial. With PayU Receive, B2B and B2C payment requests can be sent directly to the customer via secure text or SMS. The customers then have the ability to pay via bank accounts or bank card using PayU\u2019s secure payments gateway.<\/p>\n

The same article quotes Country Manager of PayU Nigeria Juliet Nwanguma as saying: \u201cThis payment solution aligns with PayU\u2019s experience in over 16 markets globally, including Asia, Central and Eastern Europe, Latin America, Middle East and Africa, where our technological solutions are changing the payment landscape. We hope to empower more business owners in Nigeria with innovations like PayU Receive which helps improve collection of payments from customers both locally and internationally.\u201d<\/p>\n

U.K.-based iSalon Software partners with Cardstream to offer SalonPay.<\/strong> An omnichannel payments platform that aims to streamline multichannel payment solutions like mobile, online and in-salon POS to its user base, SalonPay removes the complexity of omnichannel payments with one integration and one point of contact, according to the company\u2019s post<\/a>.<\/p>\n

Cardstream\u2019s involvement ensures a smoother user experience as SalonPay is able to connect simultaneously to acquirers, ecommerce connectors and alternative payment options, the company said.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Maybank uses QR codes to facilitate cashless payments while iSalonSoftware partners with Cardstream to offer SalonPay. Go-Jek attempts to level the playing field with Uber and Grab and PayU Nigeria launches PayU Receive.<\/p>\n

Here\u2019s your weekly news roundup!<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[135,143,352,363,432,441,505,544,668,725,917],"class_list":["post-3866","post","type-post","status-publish","format-standard","hentry","category-archive","tag-cardstream","tag-cashless","tag-go-jek","tag-grab","tag-isalon","tag-izettle","tag-maybank","tag-mobile-payment","tag-payu","tag-qr-codes","tag-uber"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=3866"}],"version-history":[{"count":3,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3866\/revisions"}],"predecessor-version":[{"id":8676,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3866\/revisions\/8676"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=3866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=3866"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=3866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}