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Google tests Android Pay rewards
Android Pay users will soon be able to earn rewards such as Google Store credit, Google Play Music subscriptions and Chromecast devices when using the mobile payment service for in-store purchases. “The Tap 10: Android Pay Rewards is a short-term customer participation program operated by Google,” the company explains in the promotion’s terms and conditions. “Any rewards that [...]
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New study quantifies the ROI of mobile banking
The analysis shows mobile banking adoption is associated with lower attrition, use of more products, and an increase in transactions, resulting in increased revenue for financial institutions that offer the service. The study included eight credit unions and nine banks and evaluated data from more than 67,000 mobile banking users. Researchers looked specifically at the [...]
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Paytm trials sound wave-based mobile payments
Paytm is working on a new way to make mobile payments in stores using smartphones. The method they are trialling is called ‘Sound Pay’ and it uses ultrasonic sound waves to transfer money. A new icon will be added to the Paytm app called Sound Pay. Clicking on the icon will emit an ultrasonic sound wave that will [...]
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FinTech M&A: A payments frenzy for 2016
Payments is a massive, confusing and unsustainably fragmented industry right now. So it’s no surprise that 47% of global FinTech M&A deals tracked last year were payments companies getting snapped up. Overall the number of FinTech acquisitions jumped 66% between 2014 and 2015 and that number will only increase in the next 12 months. Arguably the [...]
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How do you do cross border payments?
New FinTech innovators are challenging the traditional way that cross border payments have been done. But are businesses tapping into the new innovation – or staying with the status quo? We are researching the current methods used by acquirers, issuers, PSPs and merchants to do cross border transactions. We would, therefore, be very grateful if [...]
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