Tag Archives: Mobile Payments

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...

Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...

The People’s Bank of China (PoBC) announced they are nit against PayPal’s desire to acquire a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.). With this step, Paypal is becoming the first international entity that will be offering its online payment solutions in China.GoPay mostly works as a provider of a number of payment products for various industries including cross-border commerce, aviation, tourism, etc.According to the information revealed by the company,...

Bunq, a fintech startup mobile bank that provides accounts and other financial services, will be spreading its services to another 22 regions, pushing the number of countries it operates in, all the way to 30. The company, based in Amsterdam, will also be supporting both Apple Pay and Google Pay for all of its customers with Travel Cards in certain countries including Spain, Italy, Belgium, France, Ireland, and the Netherlands.The Bunq company, which already operates in the above countries,...

Prolific Billionaire Jack Ma has stepped down as Chairman of Alibaba. After twenty years which has seen one of the biggest technology giants come from zero to hero, Ma has been one of the defining icons of the technology industry since the early days when no one thought that technology would be either this big or go this far in defining the human existence.He would remain on the board until the next Shareholders Annual General Meeting when it is expected that he will step down from the board...