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Google Pay passes 100 million installs mark
Earlier this year, Google pushed out a redesign to its mobile wallet and changed the name from Android Pay to Google Pay. Now, Google Pay has passed 100 million installs from the Play Store. Google Pay is currently available for free download from the Play Store, which makes it available for pretty much anyone that wants to [...]
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US Faster Payments Council release governance framework draft
A 27-member Governance Framework Formation Team (GFFT) has spent eight months working on a draft governance framework for a new US Faster Payments Council (FPC). The draft for the new council’s framework and has now released it into the wild, inviting others to provide feedback over the next 60 days. The development is the latest landmark in [...]
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TransferWise breaks into UK’s RTGS faster payments scheme
TransferWise has become the first non-bank company to gain direct access to the UK’s Faster Payments Scheme, which TW says will help it compete with banks on sending money overseas. TransferWise, one of several start-ups trying to tempt consumers and small businesses away from banks, said it would now be able to offer customers faster [...]
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The four best ways to make cross-border payments
Almost half (45%) of corporates see a bank’s B2B payables and cross-border payments offering as being a very or extremely important factor in the bank selection process. In its 2017 B2B Payments & Working Capital Management Survey report, it also found that at least 24% of respondents operate in each of the world’s 10 major [...]
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Is PayPal quietly moving toward becoming a traditional bank?
PayPal seen by some to be nudging its customers closer to mainstream banking services. The renowned payments company has been reaching out to groups of customers in recent months with an offer to add basic banking features to their PayPal digital wallet. The features include Federal Deposit Insurance Corp. insurance for balances up to government-set [...]
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