Xoom, PayPal’s international money transfer service, announced that customers will be able to send money to recipients in the U.S. for the first time via strategic alliances with Walmart and Ria. PayPal’s international money transfer service can potentially benefit more than 44 million foreign-born people...
Mobile payments startup Stripe announced its official launch in Mexico, the second-largest economy in Latin America. While retail eCommerce is expected to grow in Mexico by 35 percent this year, the internet only represents around two percent of the country’s GDP. “For internet businesses, accepting...
Apple Pay went live five years ago yesterday, on Oct. 20, 2014. When Tim Cook took the stage a month beforehand to announce this mobile payments innovation, he shared Apple’s vision for modernizing how consumers and merchants would interact at the physical point of sale....
PayPal Holdings announced that it can do business in China after buying a controlling stake in a domestic payments firm. The deal would make PayPal the first foreign firm to enter China’s payment services market. “The People’s Bank of China has approved PayPal Information Technologies...
Square is defending its decision to boost costs for smaller transactions. The company announced on Tuesday (Sept. 24) that it will now charge 2.6 percent plus a 10-cent fee. For example, the fee on a $10 transaction will rise to 36 cents from 27.5 cents....
Standard Cognition has revealed that it will enable cashierless transactions at a minor league baseball stadium. A store with snacks, drinks, and souvenirs at Polar Park in Worcester, Massachusetts will enable customers to shop without scanning or stopping to check out, according to Standard Cognition...
Paytm’s parent One97 Communications posted $549 million in net losses for the fiscal year ending in March, according to reports on Monday (Sept. 9). Losses widened 165 percent over last year’s loss of $206 million in the same period. Regardless, Paytm is still going to...
Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. It’s the market that should ignite but stubbornly refuses to. Its population is internationally renowned for being enthusiastic early tech adopters. They are eager participants in...
Sionic Mobile has announced the launch of mobile payments at gas pumps without requiring a mobile app. The company is integrating its secure, zero-friction ULink service with fuel dispenser supplier Gilbarco Veeder-Root’s Passport point-of-sale solution, enabling fast and convenient payment at all PoS systems, payment...
