Tag Archives: Mobile Payments

Siam Commercial Bank (SCB) wants to develop a mobile application that runs on Ripple. The 112-year-old bank has around 16 million customers and they want to deliver “happiness and smiles” to their customers. Not really sure how a banking app can cause smiling and happiness, but SCB’s SVP of Commercial Banking, Arthit Sriumporn believes that it can be achieved by partnering with Ripple.Alright, putting jokes aside, let’s look at the results of a recent survey by PwC. They have found out that...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

Tap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a payment card and all the normal alt-banking features that help tap fulfill its aim to be a truly unified crypto banking solution.The listing on Bittrex is part of a coordinated mass rollout of the Tap project. As part of this rollout, Tap released an MTO on the STP network on 19th December, the app was made...

While it may not be in the normal scheme of things for fintech companies to make it big within just a few years of operations, fintech startup Nubank has done that. Sources indicate that the Brazilian startup has gone from strength to strength and has become one of the leading forces in the global fintech space due to a few gutsy moves by its CEO David Vélez. It all started when David was reading about how mobile apps were now being used to manage money in a new and different way in China...

First of all, Happy Thanksgiving y’all. Be thankful for your life, your family and, hopefully, your wallets. Hope you had a nice dinner and it prepared you for the Christmas holidays.  However, today is Black Friday and even though it should remind us on the awful things done to the slaves in the U.S. back in time, it should remind us that, except this should never happen again, we could use this date to do something good – for someone, or for us (‘cause you have to love yourself,...

Social media giant Facebook Inc. has now decided to consolidate all of its payment services under a single umbrella. On Tuesday, November 12, Facebook announced its Facebook Pay platform which would facilitate ” a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp”.Facebook’s announcement comes just in a week’s time after it announced a new parent company logo as part of its rebranding efforts. The social media giant said that a lot of its...

Deserve offers a set of modern services, including setting up the credit card via mobile app in minutes, sending money with unique fees, participating in cashback programs, and much more. Currently, the platform is used by more than 100,000 customers. With the help of Machine Learning, it aims to make the service better and attract people from all over the United States.During the venture funding round, Deserve received $50 million in investments to enhance its services. The money will come...

Is what is seen by many as an innovation that will spark a revolution in the electronic commerce industry, Google Pay will now accept biometric security confirmations instead of the usual PIN code that people are already used to on the platform.Google Pay is formerly known as the Tez App which has already made its niche in the payments industry in terms of processing of transactions for users. SMS notifications on all transactions done within the Google Pay app recently became available and...

China’s internet and communications giant Tencent has recently raised concerns that if Facebook succeeds in its Libra launch by 2020, local Chinese payment service providers like WeChat pay and Alipay would face major threats in global markets.Tencent recently published a blockchain whitepaper in Chinese, wherein it calls Facebook’s Libra initiative as “bold and radical” as well as “prudent and rational”. The Chinese tech giant explains how Libra can quickly make inroads in markets where the...

Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer service that will operate through the Samsung Pay app. The service currently targets US users and Finablr’s subsidiary Travelex powers it.Official information shows that Finablr is a listed partner of Ripple in London. Nonetheless, this deal with Samsung has no involvement from Ripple or XRP. An official announcement...