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Payment Gateway

PayPal and Skype team up for mobile payments

PayPal has announced a new deal with Skype that will allow users in 22 countries worldwide to send money to other Skype users through an updated version of the Skype mobile app.   This extends PayPal’s potential reach by a sizable amount – the Skype app has been downloaded over a billion times to date, and has approximately…

Samsung Pay to arrive on PayPal accounts soon

Samsung Pay has announced that users will be able to use PayPal in-app, in-store and online.   Users can add their PayPal accounts to Samsung Pay and use their PayPal wallet anywhere Samsung Pay is accepted. And because it uses proprietary MST (Magnetic Secure Transmission) technology, which allows you to use Samsung Pay at terminals…

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…

China targets mobile payments oligopoly with clearing mandate

China’s central bank has ordered online payment groups to operate through a centralized clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors.   China is the world leader in mobile payments, with transaction volumes rising…

Visa goes into mobile payments via QR Codes

Visa has launched a new payment system, called mVisa, which enables mobile payments between merchants and customers.   The system is based primarily on QR codes, but it also works with numerical codes for future phones. When making a purchase with mVisa, a consumer uses a smartphone to scan a QR…

Tencent opens its credit rating system

Tencent has opened its credit scoring system to limited group users on QQ, WeChat’s older sibling.   This marks a big step forward for Tencent:  not only does this fill in a glaring gap in their product lineup, it also puts them in direct competition with Alibaba’s Sesame Credit.   According…

Starling Bank introduces Apple Pay

The UK-based mobile-only Starling Bank has announced the integration of Apple Pay for its customers.   The bank thus becomes the first bank in the UK to offer ‘in-app provisioning’, meaning that new customers will be able to load their card into their digital wallet with a single tap.   When using a credit…

SatoshiPay switches from Bitcoin blockchain to IOTA

SatoshiPay has teamed up with the IOTA Foundation, a non-profit that oversees network development, to explore replacing Bitcoin with IOTA as its settlement network.   Both parties have agreed to work on a proof-of-concept project, to be supported by the IOTA Ecosystem Fund, which would combine SatoshiPay’s content payment interface with IOTA’s…

Samsung, PayPal to consolidate mobile and online payments

Samsung has announced a partnership with PayPal to allow Samsung Pay users to make in-app, online and in-store payments with the US payment platform.   The service will be available in the US first and will be expanded to other countries in the near future.   Moreover, Samsung Pay will be accepted as…

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…