Tag

payments

SpherePay receives USD 10 million in funding

SpherePay, the Singapore-based mobile payments app, has raised USD 10 million in funding from unnamed investors. The company said that the names of the investors were not revealed owing to “on-going developments”. According to SpherePay, the latest fundraising along with its collaboration with bike sharing operator oBike will position it as the top three payment…

Google merges payment platforms under Google Pay

Google is revamping its mobile payment offerings and creating a new brand called Google Pay. The new product merges Google’s existing mobile payment platforms. That includes Android Pay, which lets customers pay for things online and in stores with their Android phones, and Google Wallet, which lets you send money to your friends. The new…

MOLPay, iPay88 to introduce Digi’s vcash e-wallet as payment option

DIGI Telecommunications Sdn Bhd (Digi) has inked agreements to appoint online payment networks MOLPay and iPay88 as partners for its mobile payment service vcash.   Under this agreement, vcash will be made available as a payment option for merchants under MOLPay and iPay88’s online payment gateway networks, enabling customers to transact using vcash with thousands…

Digi enters the fintech world with ewallet app: vcash

DIGI Telecommunications Sdn Bhd on Nov 9 announced their entry into the fintech space with vcash – a mobile payment application that offers Malaysians an easy, more convenient way to pay, send, request and store money in their smartphones.   vcash is a solution offered by Digi in partnership with Valyou Sdn Bhd, an e-money…

WhatsApp UPI payments option spotted in beta

WhatsApp will soon facilitate instant money transfer via the Unified Payments Interface (UPI) transaction system, shows a new beta update by the mobile messaging platform.   According to a blog website WABetaInfo, WhatsApp was finally giving shape to its plans towards bank-to-bank transfer using the UPI system.   In the new version ‘2.17.295’ through the…

PayPal introduces cross-border trade service

PayPal has announced the introduction of PayPal Global Sellers, a cross-border trade service for small and mid-sized businesses (SMBs) in the US. In collaboration with Webinterpret, the service addresses the commonly cited international growth barriers with a suite of tools, including: website translation, taxes/duties presentment, international shipping and return facilitation, or localized…

Concardis to support Alipay in Austria and Switzerland

Concardis, a payment service provider, has announced that it will support Alipay payments in Austria and Switzerland.   In Austria, Gössl is the first merchant that allows Chinese consumers to pay using their smartphones with the Alipay app. The clothing brand will start by supporting the app in 20 stores…

PayPal processes USD 31 bln in mobile transactions in Q4 2016

PayPal processed a total of USD 31 billion in mobile payment volume in the fourth quarter of 2016, according to the company’s latest financial report. This figure represents an increase of 53% over the same period in 2015. Mobile payments represented 31% of the company’s USD 99 billion in payment…