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Tag Archives: Mobile Payment

Footsteps of Amazon Bank

Teenagers, otherwise known as Generation Z, with their lack of debit and credit cards, their absence of bank accounts and their overwhelming preference for actually putting on clothes and going to physical stores to buy things they could purchase online, pose a big challenge to Amazon. Amazon’s answer: The internet …

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Uber applies for e-money licence

Sky News has learnt that Uber has applied to the Dutch central bank for an e-money licence that will enable it to streamline its payment processes across businesses such as its core ride-hailing app and its fast-growing UberEats food delivery venture. Sources said the attempt to become classified as an …

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Step by Step Whatsapp Money Transfer

The WhatsApp Pay feature is slowly becoming accessible to Android and iOS users in India. As of now, it has been launched in beta mode for select Android smartphones and iPhones. The WhatsApp Pay feature is only available in India and the transactions will be done via Unified Payments Interface …

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Bitpay Goes International Bitcoin Prepaid Card

Bitpay has released its Visa-based prepaid debit card in 131 countries. BitPay chief commercial officer Sonny Singh said that “the Visa-branded offering enables users to top up its BitPay Prepaid Visa Card with dollars using cryptocurrency, which can then be spent as euros, British pounds or US dollars at merchants around the …

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Why Orange telecom diversify into banking?

Telecommunications company, Orange is set to open up a bank (Orange Bank) in France, Richard Stephane the company’s CEO has revealed. The Bank, according to Stephane, will allow users to control their payments directly from their mobile phones through the bank’s app. Orange first acquired 65 percent of Groupama Banque …

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How people use their phones for finance activities?

In today’s mobile-first world, smartphones provide a vital link between financial institutions and their customers. To help marketers make the most of this dynamic, Google partnered with Ipsos to survey smartphone users to help better understand the factors that influence financial-app discovery, usage, and loyalty. In this report, Google shares …

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IT may not be necessary to have a bank account to make payments with PayPal.

PayPal and TIO Networks announced today that PayPal would be acquiring TIO for $233 million. With this acquisition, PayPal accesses TIO’s 14 million customer accounts, and a network of agents, including Global Express, ACE Cash Express, and Moneygram. TIO is a bill-payment processing service for those who don’t necessarily use bank accounts …

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How to Money Transfer in Mobile Banking Without Internet Connection

Cashless after demonetization but finding it difficult to pay digitally due to poor or no internet connectivity? USSD technology is the solution for you. Here’s what it is and how you can use it. However, this payment method can be used only for small value transactions up to Rs 5000 …

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Europe will use only the payee’s mobile phone number for money transfer

Europe will introduce peer-to-peer mobile payments using a mobile phone number by the end of the year 2017, according to the European Central Bank. The ECB has unveiled plans to launch a standardised service across countries using the Euro allowing the mobile number of a payee to act as proxy …

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What is Facebook Messenger Payments and why is it important?

Facebook had bigger plans for Messenger, including voice calls, chat bots, chess games and — who knew? — mobile payments. It’s true: You can use the Facebook Messenger app to send and receive money, PayPal-style. Messenger payments require a debit card on both ends of the transaction. But there’s no …

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