{"id":3804,"date":"2017-11-01T15:43:20","date_gmt":"2017-11-01T15:43:20","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=3804"},"modified":"2022-02-24T22:14:00","modified_gmt":"2022-02-24T22:14:00","slug":"adyen-teams-with-air-canada-google-takes-off-in-india-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/adyen-teams-with-air-canada-google-takes-off-in-india-news-roundup\/","title":{"rendered":"Adyen Teams with Air Canada, Google Takes Off in India: News Roundup"},"content":{"rendered":"

Scan to pay is gaining traction in the payments ecosystem while even some charities are cashing in on cashless. And, tech giant Google takes on India\u2019s payments market with 7.5 million downloads of its payment app Tez in just one month.<\/strong><\/p>\n

Here\u2019s your weekly news roundup.\u00a0 <\/strong><\/p>\n

Payment facilitator Adyen enables alternative payment options while flying.<\/strong> Air Canada just announced a partnership with Ayden that will enable their passengers to use cashless payment options such as Alipay, WeChat Pay and others for their in-flight purchases, according to Air Canada\u2019s press release.<\/p>\n

In addition to a better user experience for their customers, the partnership with Adyen also enables more efficient growth opportunities with the ability to process multiple payment options through one payments gateway. The same press release<\/a> also highlights the ease of adding new payment methods without requiring individual contracts or more development work \u2013 another benefit that comes from having one integrated provider.<\/p>\n

Globe Telecom mobile wallet now offers scan to pay feature<\/strong>. In partnership with Ant Financial Services Group, Globe Telecom now offers GCash (their proprietary mobile wallet) users the option to pay for their in-store purchases via a QR code scan of the desired product, according to Philstar Global<\/a>.<\/p>\n

The same article explains<\/a> that while QR code technology has been available for quite a while in the Philippines, consumer-wide adoption has been difficult due to lower smartphone and internet usage.\u00a0 But according to Globe CEO Ernest Cu, via Philstar Global, \u201cthe Filipinos are ready for a cashless society.\u201d<\/p>\n

And Globe Telecom isn\u2019t the only company leveraging the scan-to-pay technology. PayMaya Philippines, another online payments application, also recently announced<\/a> their app now offers the same service across the country via Smart Stores and select merchants.<\/p>\n

Third quarter earnings are now in for First Data<\/strong>. According to their recent press release<\/a>, the global brand reports their consolidated revenue is up 5 percent at $3.1 billion, with a net income of $296 million \u2013 up 124 percent.\u00a0 And total segment earnings (before taxes, depreciation, interest and amortization) are up 6 percent at $787 million. All comparison increases are relevant to 2016 third quarter earnings.<\/p>\n

Regarding the success of last quarter and plans for the next one, the same press release quotes<\/a> Frank Bisignano, First Data Chairman and CEO, as saying \u201cwe continue to make significant progress in establishing First Data as a major player in the ISV market, driven by the addition of CardConnect\u2019s cutting-edge ISV product suite and the highly complementary acquisition of BluePay (recently reported here), which brings to us innovative Card-Not-Present integrated solutions.\u201d<\/p>\n

What keeps Canadians behind the eight ball in mobile payment adoption?<\/strong> According to Ipsos, there are three things: fragmentation, lack of retailer acceptance and (potentially) lack of consumer desire.<\/p>\n

According to the same article, there is currently no Canadian mobile payments system that supports all types of card payments (credit, debit, loyalty, retail, gas, etc.), nor are there any mobile payment platforms that are compatible with all the financial providers. This alone can leave consumers a bit divided on how they wish to pay.<\/p>\n

Another reason? Not enough retail support. According to the same article, there are a number of retail establishments that have still not converted to contactless-enabled terminals. And this obviously makes adoption difficult when the option isn\u2019t always present.<\/p>\n

And finally, do people even want to go mobile? Currently, Canadian consumers lean more toward the standard payment acceptance in lieu of digital wallets. And since a large part of this has to do with a sheer lack of convenience (something the consumer population has no control over), the jury is still out on whether this population will ever have a natural gravitational pull towards mobile payment acceptance.<\/p>\n

No Cash? No problem! At least not for Surf Life Saving Queensland (SLSQ)<\/strong>. As reported by ABC<\/a>, the Australian charity has embraced the tap-and-go modality for their donation-based fundraising efforts \u2013 as well as Apple Pay for its donation drive.<\/p>\n

Ultimately, it\u2019s all about convenience. Australian Centre for Philanthropy and Nonprofit Studies director Wendy Scaife explains, via the same article<\/a>, that a recent study touts convenience as the main request from potential donors. She goes on to report that ultimately \u201cthey wanted the same kind of service as if they were buying online.\u201d<\/p>\n

Also motivation for going cashless, the same article reports numbers from a recent survey<\/a> conducted by the Reserve Bank regarding cashless payments. The survey was based on 1,700 payments from 1,500 consumers over a single week\u2019s time. Card usage came in at 52 percent, with cash falling to 37 percent (this compared to a similar survey taken a decade go where cash was at 70 percent and cards at 26 percent).<\/p>\n

Google\u2019s payments app racks up 7.5 million installs in just one month. <\/strong>According to an article<\/a> published in Business Standard, Google entered India\u2019s digital payments space with a bang.<\/p>\n

The same article quotes<\/a> Diana Layfield, Vice President, Product Management at Google, as explaining that “users are finding the Audio QR \/ Cash Mode transaction very easy to use. Audio QR usage is five times of the normal QR codes on Tez. Given the high merchant adoption of UPI, we’re seeing users use Tez for paying for their daily transits, food and entertainment, grocery payments and high value transactions like rent and flights.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Scan to pay is gaining traction in the payments ecosystem while even some charities are cashing in on cashless. And, tech giant Google takes on India\u2019s payments market with 7.5 million downloads of its payment app Tez in just one month. <\/p>\n

Here\u2019s your weekly news roundup.\u00a0<\/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":[24,64,308,357,545,725],"class_list":["post-3804","post","type-post","status-publish","format-standard","hentry","category-archive","tag-adyen","tag-asia-pacific","tag-first-data","tag-google","tag-mobile-payments","tag-qr-codes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=3804"}],"version-history":[{"count":3,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3804\/revisions"}],"predecessor-version":[{"id":8082,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3804\/revisions\/8082"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=3804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=3804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}