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The Influence of Mobile Apps WeChat Pay and Alipay Extends Far Beyond China’s Borders
Mercator Advisory Group releases new research on the expanding influence of the largest mobile payment apps in Asia and how they are setting a path for mobile payments in the U.S. Mega payment apps Alipay and WeChat pay have been gaining traction in the U.S. market through availability at thousands......
Walmart Joins The Paymentus Instant Payment Network™
Paymentus to power Walmart’s enhanced bill pay experience Effective immediately, Walmart and Paymentus have formed a partnership designed to modernize how bills are paid in Walmart stores and in the Walmart app. As part of the collaboration, Walmart has joined the Paymentus Instant Payment Network™, adding another Fortune 100 company......
VC Investment in Fintech Remains Robust as M&A Activity Stalls: KPMG Pulse of Fintech
While overall global fintech funding fell during the first half of 2020, with US$25.6 billion of investment globally across 1,221 deals, corporate deals are driving continued strength in VC activity, according to the Pulse of Fintech H1’20, a bi-annual report on global fintech investment trends from KPMG International. Read More: OpenUnit Raises $150,000 Pre-Seed......
Mogo to Launch Mobile Peer-to-Peer Payment Solution
Targets growing trend for cashless mobile solutions Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or “the Company”), one of Canada’s leading financial technology companies, today announced plans to launch a mobile peer-to-peer (P2P) payment solution that will enable users to quickly and easily make and share payments with friends and family through Mogo’s......
SoFi Gig Economy ETF up over 100% Since March Low
SoFi announced today that its SoFi Gig Economy ETF (GIGE) reached a new 52-week high on August 26, 2020, closing at a price of $28.09. As of yesterday’s close, GIGE has more than doubled (101.8%) off its 52-week low of $13.92 on March 16th. GIGE is in the top 30 of best-performing equity ETFs in......
The Growing Digital Wallets Space: 10 Global Digital Wallet Providers Making a Difference
The digital wallet space is witnessing incredible growth all around the world due to the convenience on offer as compared to the use of net banking, credit cards and debit cards. Digital wallets allow users to make payments through their bank accounts using their phones, without any need to enter......
Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months
Analysts at Japanese financial services company Osaka Matsui Management have said that billionaire Jack Ma-backed Chinese financial-technology juggernaut Ant Group Co. earned an estimated $3.5 billion during a recent six-month period, demonstrating how lucrative the company’s business has been as it moves closer towards a blockbuster initial public offering. Read More: COVID-19......
Contactless Payment Market to Cross USD 100B by 2026; Global Market Insights, Inc.
Some of the major contactless payment market participants include Alcineo, Giesecke & Devrient GmbH, Heartland Payment Systems, Inc., IDEMIA, Identiv, Ingenico Group SA, On Track Innovations Ltd., PAX Global Technology, PayCore, Thales Group, Valitor, Verifone, Visa, Inc., and Wirecard AG. Global Market Insights, Inc. has recently added a new report......
PULSE Study: E-Commerce and Other Card-Not-Present Debit Transactions Surging
Card-not-present debit transactions surged 21% year-over-year in 2019, according to a new study commissioned by Discover Financial Services’ PULSE debit network and conducted by Oliver Wyman. The 2020 Debit Issuer Study found that one card-not-present transaction type – account-to-account (A2A) transfers using debit – is the fastest growing category of debit, doubling year-over-year......