The information you need to start your day, from PaymentsSource and around the Web:
Home bus stop
Alipay is lending its artificial intelligence to the bus, which commuters order and pay for via an app — the bus then shows up at a specific location and time, as opposed to a static schedule at a traditional bus stop, reports
Alipay is also working with mapping app AutoNavi, and the project is part of a larger strategy to build QR-code based commuting payments over the next three years.
MLB network
Postmates is collaborating with the Yankees and Legends, a hospitality company affiliated with the Steinbrenner family, to support order and pay at Yankee Stadium.
Fans use the app to place and pay for concession orders from their seats, then pick up the items at a designated location. A limited deployment starts this week, with a broader rollout in the 2020 season.
Postmates made a similar deal earlier this year with the Dodgers, and provides order and pickup for AEG music festivals such as Coachella and Stagecoach.
Still closed
Even as digital payments take off globally, banks are still wary of
A majority of banks are more fearful than optimistic about open banking, according to
Non-cash payments are expanding rapidly, says Capgemini, reporting yearly growth rates of 43% in Asia, 19% in Central Europe, Middle East and Africa, and 14% in all markets. Non-cash payments are expected to pass one billion in number in the next three years.
Beer alliance
Grab and Heineken are collaborating to build the beermaker's digital business and market share in Southeast Asia.
Heineken will use Grab's mobile services, such as delivery and payments, to power last-mile logistics and improve relationships with distributors, reports
Grab's core business is an Uber-style ride-sharing app. And like Uber,
From the Web
REUTERS | Tue September 17, 2019
EU antitrust regulators have cleared Global Payment’s proposed $21.5 billion purchase of rival Total Systems Services. The European Commission, which oversees competition policy in the 28-member European Union, said it had concluded the proposed acquisition would raise no competition concerns.
TECHCRUNCH | Wed September 18, 2019
GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company has also opened an office across the pond in San Francisco’s financial district.
YAHOO | Wed September 18, 2019
Payment firm Square has launched a new all-in-one payment terminal device it says makes credit and debit card payments fairer and more accessible for businesses. The £199 Square Terminal combines a point of sale device with a payment machine which can accept all types of credit and debit card and contactless payments as well as print receipts or send them digitally.
More from PaymentsSource
Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.
When Wells Fargo announced Tuesday that it is building a distributed ledger for cross-border payments and a digital coin tied to the U.S. dollar, many saw it as an answer to JPM Coin, the digital currency and distributed ledger being developed by JPMorgan Chase.
To accommodate Asian tourists, Banco Santander has launched JCB merchant acquiring operations in Spain after obtaining a license with JCB International, the international operations unit of the Japanese global payment brand.
Following the growth of U.S. digital B2B lending platforms such as Kabbage and OnDeck, investors have turned their attention to fintechs targeting Mexico’s underserved SME lending market.
