{"id":4211,"date":"2018-09-05T19:31:41","date_gmt":"2018-09-06T00:31:41","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4211"},"modified":"2022-02-24T22:16:30","modified_gmt":"2022-02-24T22:16:30","slug":"amazon-claims-stake-in-india-qr-gains-popularity-in-japan-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/business\/amazon-claims-stake-in-india-qr-gains-popularity-in-japan-news-roundup\/","title":{"rendered":"Amazon Claims Stake in India; QR Gains Popularity in Japan: News Roundup"},"content":{"rendered":"

PaymentFacilitator\u2019s<\/em> News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/strong><\/p>\n

 <\/p>\n

India\u2019s Digital Download<\/em><\/p>\n

India\u2019s digital contribution gains support and credibility from Berkshire Hathaway<\/strong>. Investing $300 million for a 3-4% stake in Paytm\u2019s parent company One97 Communications, Berkshire hopes to see a $100 billion payments company, Paytm\u2019s founder and CEO has said. This recent investment values the payments firm at more than $10 billion and lends credibility to the value Indian startups add to the digital economy.  From The Times of India<\/a>.<\/p>\n

Amazon claims stake in India\u2019s digital economy<\/strong>. In an effort to grow Amazon Pay adoption in India\u2019s ever-expanding technology playground, the global leader has reportedly purchased Tapzo for $40 million. The app aggregator combines desired app-based services such as Uber, Ola, Zomato and BillDesk into one single interface. From Techcrunch<\/a>.<\/p>\n

 <\/p>\n

Innovations and Enhancements <\/em><\/p>\n

Shopify offers in-person exchange<\/strong> for purchases made online. Looking to increase convenience and really promote the benefit of in-store customer interaction, Shopify POS now offers the ability to exchange online merchandise in-person. And this same enhancement applies to refunds as well. From Shopify<\/a>.<\/p>\n

 <\/p>\n

 <\/em>Debunking Demonetization<\/em><\/p>\n

Could a brash response from the government ultimately benefit India\u2019s economy? <\/strong>A universally debated initiative since its inception in 2016, the Indian\u2019s government forced push towards a more cashless economy with demonetization has had both positive and negative ramifications. The more positive side, for example, speeds up the drive towards cashless while the more negative side suffers mass economic disruption. Was it worth it? From Forbes<\/a>.<\/p>\n

 <\/p>\n

 <\/strong>The QR Factor<\/em><\/p>\n

QR payments spark a flame in Japan\u2019s payments ecosystem<\/strong>. And while it\u2019s a slow burn (cash still remains the most popular method of payment), many banks and technology firms are supporting the initiative towards a more digital economy. From The Japan Times<\/a>.<\/p>\n

India Post Payments Bank (IPPB) favors QR <\/strong>over debit and ATM cards. Effective immediately, ATM and debit cards now have no place in the IPPB payments flow. Instead, cardholders will be issued QR cards which work on biometric authentication and not on password or PIN. Main benefits include convenience and security. From Livemint<\/a>.<\/p>\n

 <\/p>\n

 <\/em>The Power of Two<\/em><\/p>\n

Mswipe initiates Happy partnership<\/strong> to benefit small and micro merchants. Mumbai-based merchant acquiring company Mswipe has partnered with Happy Loans to expand loan offerings to small and micro-sized merchants. The last 15 months has already generated close to 12,000 loans and the momentum doesn\u2019t seem to be slowing down. From The Economic Times<\/a>.<\/p>\n

 <\/p>\n

 <\/em>Industry News<\/em><\/p>\n

Adyen Launches First-to-market 3D Secure 2.0 Solution to Help Customers Boost Security and Authorization Rates<\/strong><\/a><\/p>\n

Upper Hand, Inc. Plugs into Paysafe to Fuel Growth Amongst Businesses Operating in the Sports & Fitness Industry<\/strong><\/p>\n

PaymentVision & MoneyGram Announce Partnership to Provide Integrated Payment Solutions<\/strong><\/a><\/p>\n

Grab Partners with Impact Hub KL for the ASEAN Impact Challenge 2018 to Support the Next Generation of Digital Innovators in Southeast Asia<\/strong><\/a><\/p>\n

Customer View Adds a Customer-facing Display to Shopify POS<\/strong><\/a><\/p>\n

Weebly\u2019s New Suite of Ecommerce Tools<\/strong><\/a><\/p>\n

UK: Moss Bros. Partners with Klarna to Let Shoppers Buy First and Pay Later <\/a><\/strong><\/p>\n

Wirecard\u2019s Payment Solution Available Across Online IKEA Stores in Malaysia<\/strong><\/p>\n

Paysafecard Continues its International Expansion with a Launch in Montenegro<\/strong><\/p>\n

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

PaymentFacilitator\u2019s News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2,3,6,8],"tags":[44,89,222,428,561,599,666,793,859,917],"class_list":["post-4211","post","type-post","status-publish","format-standard","hentry","category-business","category-global","category-recent","category-technology","tag-amazon","tag-berkshire","tag-demonetization","tag-ipb","tag-mswipe","tag-ola","tag-paytm","tag-shopify","tag-tapzo","tag-uber"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4211","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=4211"}],"version-history":[{"count":4,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4211\/revisions"}],"predecessor-version":[{"id":8283,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4211\/revisions\/8283"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4211"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}