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Tag Archives: Payment

Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report

HIGHLIGHTS Xiaomi Mi Pay will be based on UPI in India It was initially launched in China in 2016 Xiaomi is looking to collaborate with private lenders in the country Xiaomi is all set to unveil its Mi Pay digital payments platform in India, if a new report is to be believed. Launched initially in China in 2016, Mi Pay is said to arrive ... Read More »

Finance firms install ‘kill switch’ devices to cut out car engine and leave drivers stranded if they miss a payment

RUTHLESS car finance firms are fitting controversial “kill switches” that immobilise vehicles if drivers fail to meet payments. The devices are understood to be offered to those with poor credit scores – but financial watchdogs say lenders could be breaking the law, it’s reported. ALAMY Kill switches are being installed by car insurance firms and can cut out car engines ... Read More »

Even young, hip Americans don’t want to use mobile payment apps

Mobile payments are gaining steam, but large segments of the population still don’t use them. Despite their reputation for being tech-savvy, it’s still unlikely you’ll see a millennial use their phone to make a payment any time soon. Only 14% of millennials said they use their bank’s mobile payment app often and 35% said they don’t use a mobile payment ... Read More »

Shopify Announces Apple Pay as New Payment Option

The release of the new iOS 10 was not the only announcement made at the Apple (NASDAQ:AAPL) Worldwide Developers Conference in San Francisco recently. The tech giant said that Apple Pay, Apple’s mobile-payment service, will come to the Web this fall. Shopify, a cloud-based, multichannel commerce platform designed for small and medium-sized businesses, is among the first companies to publicly ... Read More »

Samsung Pay Adds Russia, Malaysia and Thailand to Mobile Payment Service

Samsung Electronics Co., Ltd. (KRX:005930) recently announced a new partnership with Russian bank Sberbank to bring its Samsung Pay service to three more countries: Russia, Malaysia and Thailand. The new partnership offers opportunities for small businesses here in the U.S. too. Samsung Pay Mobile Payment System Samsung Pay is a mobile payment system launched last year that uses a compatible ... Read More »

Shopify Announces Apple Pay as New Payment Option

The release of the new iOS 10 was not the only announcement made at the Apple (NASDAQ:AAPL) Worldwide Developers Conference in San Francisco recently. The tech giant said that Apple Pay, Apple’s mobile-payment service, will come to the Web this fall. Shopify, a cloud-based, multichannel commerce platform designed for small and medium-sized businesses, is among the first companies to publicly ... Read More »

LG Plans its Own Digital Payment Platform, LG Pay

Cash may be king, but having to deal with it is one of the biggest inconveniences for a small business. It is labor intensive and carries with it a lot of security risks. So the addition of one more smartphone manufacturer – LG – entering the mobile payment segment will be welcomed by businesses and individuals alike. The Korean phone ... Read More »

Mobile Payment Platforms For Small Business

According to a 2015 Federal Reserve Report (PDF), 87 percent of adults in the U.S. have mobile phones and are using them to shop, make payments, and do their banking. Mobile payments are the next new frontier for small businesses, because the new technology means there is going to be a scramble between those who take advantage of this new technology, and those ... Read More »

Facebook Messenger Adds PayPal as a Payment Option

Facebook Messenger Adds PayPal as a Payment Option HIGHLIGHTS PayPal announced its partnership with Facebook to start payments service PayPal will notify users and send them payment receipts It will begin rolling out starting the US The payment options on one of the world’s most used instant messaging apps, Facebook Messenger, has now widened. While previously Facebook Messenger only supported ... Read More »

Samsung Expands Payment Business to New Smartwatch Products

Samsung Electronics Co. unveiled its new wristwatch device in Berlin Wednesday, which includes support for contactless payments, as the company pushes to catch up to Apple in a still nascent market of wearable products. At the IFA technology tradeshow, the world’s biggest smartphone maker introduced the Gear S3 Classicand Gear S3 Frontier – two variations of the same base product, ... Read More »