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Mobile and Emerging Payments

08.18.17

Mobile Contactless Hits £370 Million in U.K. in H1 2017

Mobile contactless transactions in the U.K. topped £370 million (US$476 million) in the first six months of 2017, a whopping 336 percent year-on-year increase, according to the latest transaction data from payments processor Worldpay. (Infographic included.)

08.18.17

Top 5 Best Challenger Banks: Revolut

Last month, we asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legit chance to become consumers’ preferred accounts, not just a stepping stone to the big banks. For the next few weeks, we’ll be sharing our spotlight articles on these challengers. First up is Revolut.

08.18.17

KeyBank Invests in Billtrust, Launches AR Platform

KeyBank is putting its money where its mouth is. The bank isn’t just partnering with fintech companies, it’s also investing.

08.16.17

Singtel Rolls out First Virtual Visa Card in Singapore with Wirecard

The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between global technology group and 2017 Pay Awards Change Agent of the Year Wirecard and Singtel. 

08.16.17

SWIFT Partners with TCH to Drive Instant Payments in the U.S.  

Hot on the heels of the Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the U.S. by 2020, SWIFT is offering a gateway.

08.14.17

Digiliti Money Delays Earnings Report, Weighs Sale, Chapter 11

Instead of reporting its second-quarter earnings today, Digiliti Money Inc. plans to file for an extension with the SEC after its accounting firm flagged problems with its previous financial reports, the company announced Aug. 14.

08.14.17

Geoswift, UnionPay and Western Union Vie for Chinese International Tuition Payments with Amazon Promotion

As students gear up for back to school, the competition for international tuition payments continues to heat up. Geoswift, UnionPay International and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that use their service for cross-border tuition payments.

08.14.17

Morgan Stanley’s Diversity-Focused Innovation Lab Welcomes First Five Startups

Morgan Stanley’s new innovation lab, which aims to support multiculturalism and diversity in financial services, has onboarded five startups for its three-month accelerator program.

08.11.17

Coinbase Joins Unicorn Club with $100 Million Funding, Partners with Fidelity

Digital currency wallet Coinbase has taken the leap to become a unicorn. The San Francisco-based company, which was one of the first to receive a BitLicense in New York, has received $100 million in Series D funding led by IVP.

08.11.17

Barclaycard Tests Alipay in Eight U.K. Retail Stores

Barclaycard is launching a pilot that enables merchants to accept in-store Alipay transactions in the U.K., where Chinese tourists are expected to spend more than £1 billion (US$1.3 billion) in 2017.