To Lend or Not to Lend? That is The Question

As the payments ecosystem continues to evolve and the payment facilitator model continues to hold its own in both profit and demand, a long-time customer offering once considered banks’ domain keeps making its way into the payments arena: Lending.

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QR Code Payments Drive Megabank Partnership in Japan

Japan’s top three banks have come together to drive the push towards cashless. Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Financial Group aim to unify a QR code specification in an effort to standardize a smart phone QR-based payment system across the participating banks.

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News Roundup: Visa, Mastercard Standardize QR Code

In a roundup of this week’s news, major card brands are continuing their expansion of digital payments acceptance, targeting cash usage at small and micro businesses and at festivals. And eMarketer ventures a prediction about the cross-border e-commerce shopping habits of German consumers.

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Europe News Roundup: Mobile Payments Have Taken Off

A look at European payments news this week reveals that financial technology is alive and well across Europe. Visa released statistics on explosive growth in mobile payments, and several new partnerships are expanding the ways Europeans – and visitors – can pay.

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Alipay To Begin Conquest Of Munich And Beyond

In two weeks, Chinese tourists landing at Munich Airport will be able to use coupons sent to them through their mobile devices by retailers in the terminals. They will get a notification, directions to the retailer with the coupon, then once they bring the item to the POS, have a bar code scanned without worrying over currency conversion.

Alipay, a mobile payment app run by Alibaba partner Ant Financial, will be accepted in all POS terminals run by German processor Wirecard, which struck a deal with the company that operates 69 shops inside the airport. Markus Eichinger, head of mobile services at Wirecard, which is acting as both acquiring bank and processor for Alipay, gave an interview to paymentfacilitator.com just after coming from the partnership’s final testing session.

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