Payments News

Alipay strikes deal with Samsung Pay in China

Alipay

A deal between Samsung and Alipay (Alibaba’s payments division) will make the pair the biggest provider of mobile payments in China. Apple had hoped to strike a deal but has been trumped in what’s a big win for Samsung Pay. Fan Zhiming of Alipay says: “Alipay covers the vast majority of online payment use cases. […]

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Hands Free payments by Google

Google Hands Free feat

Now that Android Pay is available in the UK as well as the US, it’s worth taking a look at Google’s plans to make it a part of our every day life shopping experience. Of course you can pay on line blah blah blah, but what’s much more interesting is how Google will persuade us […]

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Android Pay launches in the UK, but not for everyone

Android Pay

Android Pay has launched in the UK, good news for the 60% of the country who have a phone powered by Google’s Android operating system. If your mobile is running Android 4.4 or higher, and you have a handset that supports NFC then you’re all set to go, unless you’re like me and bank with […]

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Barclays first UK bank to launch contactless payments

Barclay's Mobile App feat

Barclays are to roll out a full contactless service on eligible NFC-enabled Android phones in June this year. They will become the first UK bank to offer its own, integrated service enabling contactless payments for both debit cards and credit cards on Android phones. PayPal appear to be falling behind in UK off-line payments. They […]

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PayPal remove purchase protection for ‘gambles’

PayPal feat

You back a crowd funded business that goes bust, you pay to enter a competition and don’t win, you pay the government for a service which you decide you don’t like, what do you do? Well up until June the 25th this year, if you live in the US and paid with PayPal you’d simply […]

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Mobile payments company Square under pressure

Square Market sm

One of the big players in mobile payments stateside is Square. The CEO is Jack Dorsey who is also Chairman of Twitter having founded both companies. Gross Payment Volume (GPV) for the first quarter was $10.3 billion, up 45% year over year. Adjusted Revenue was $146 million, up 64% year over year, and Adjusted EBITDA […]

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World First launches Japanese Yen service for online traders

worldfirst

WorldFirst has launched a new service in Japan providing access to a new market for online sellers worldwide. WorldFirst‘s new Japanese Yen service makes it possible for marketplace sellers to sell on Japanese marketplaces and transfer their sale proceeds back to a ‘home’ account without the need for a local bank account. World First’s launch […]

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PayPal report record numbers of active users

PayPal feat

PayPal have beaten all expectations in their latest quarterly investment results. Active user accounts are up at 184 million compared to what analysts expected at 182.8 million. PayPal processed 1.41 billion transactions in the last quarter with total payment volumes up at $81 billion compared to $79 billion a year ago and as if that […]

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PayPal leads investment in millennial investment start-up Acorns

acorns

PayPal, alongside Rakuten, has made an investment that helps millennial make investments by asking just two questions. Called Acorns, founded by Jeff and Walter Cruttenden, the idea is to make investing easy by boiling down the options to younger investors into “how much do you want to invest?” and “How much risk are you willing […]

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