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Five proven strategies to achieve cross-border e-commerce growth
For many of today’s European e-commerce businesses, payments are perceived as a commodity. Forward thinking businesses are switching on to the potential of cross-border payments to drive competitive advantage, looking beyond transaction processing at how they can differentiate, add value and enhance their service proposition. Cross-border payments are therefore changing the role of the Payment [...]
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Bank of America – Trends in Consumer Mobility Report
The latest Bank of America Trends in Consumer Mobility Report explores emerging payments trends – specifically person-to-person payment technologies (P2P) that allow consumers to send money to others via their mobile device – and forward-looking behaviors among adult consumers across the US. The report found P2P is quickly becoming the new social “norm”, as 36% [...]
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Competition increases for China’s $5.5 trillion mobile payment market
China’s mobile payment market is more than 50 times bigger than that its US counterpart sitting at $5.5tn and is now being shaken up by its underdog Tencent, which is snatching market share from rival Alibaba. Alipay, which Alibaba launched in 2004 as a PayPal-type service to facilitate payments on its Taobao e-commerce platform, has long dominated [...]
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Apple rumoured to be in talks to launch Venmo alternative – Apple iCash?
Apple is once again rumoured to be building its own money-transfer service to take on the likes of Venmo. The company has recently held discussions with payments industry partners about introducing its own Venmo competitor, according to multiple sources familiar with the talks. The service would allow iPhone owners to send money digitally to other iPhone owners – [...]
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Jetco to bring P2P mobile payments to Hong Kong
Hong Kong’s ATM operator is working to introduce a inter-bank solution for P2P mobile payments and peer-to-merchant payments. Jetco, which operates the cash machines of all banks in Hong Kong and Macau apart from HSBC and Hang Seng, hopes to become as large a player in the financial technology market, said chief executive Angus Choi. “We want [...]
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