The information you need to start your day, from PaymentsSource and around the web:
Grabbing more markets
Ride sharing app Grab has expanded to more than a dozen Middle Eastern Countries and Japan, part of a rapid expansion for the Singapore-based firm over the past few years.
The company plans to offer its full range of services, such as pairing rides with merchant payments and incentive marketing. Grab has operated mostly in Southeast Asia.
Like Uber and local rival Go Jek, Grab has incrementally
Fastest shopper of all time?
Sam’s Club is promoting its Scan & Go checkout technology, enabling customers to scan items as they shop and check out within the Sam’s Club app, through a multimedia campaign framing Olympic sprinter Usain Bolt at the “Fastest Shopper of All Time” thanks to the technology.
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Ad agency Mono has been working with Sam's Club parent Walmart since 2016. Walmart briefly tested Scan & Go in Walmart stores but discontinued the self-checkout process and has relied instead on its Walmart Pay approach to checking out at terminals.
Hockey time
Discover Financial Services has extended its longtime partnership with the National Hockey League.
Discover continues as the official NHL credit card, and is now the league’s official bank, according to a press release.
Discover also will take on the new role as title sponsor of NBC Sports’ Hockey Day in America on Feb. 16, 2020, featuring three back-to-back games. Discover continues to offer its NHL Discover it card customized for any of 31 NHL teams.
IPO down under
Tyro Payments plans to list on the Australian Securities, hoping to build on its $17.5 billion yearly processing business.
The Sydney-based firm has given a price range of A$2.50 to A$2.75 per share, which would be a capitalization of about A$1.36 billion, reports
Tyro is Australia's fifth largest payment processor, according to Finextra. Among its recent moves is a partnership with
From the web
SOUTH CHINA MORNING POST | Wed November 20, 2019
By the end of the annual 24-hour Singles’ Day shopping extravaganza, the Chinese tech giant reported a record-shattering 268.4 billion yuan (US$38.4 billion) of sales. All of this took place with “zero downtime” thanks to its cloud infrastructure and artificial intelligence (AI) technology, Alibaba Cloud said in a statement.
YAHOO FINANCE | Tue November 19, 2019
Amazon Web Services, Inc. announced that Western Union has selected AWS as preferred long-term strategic cloud provider. Western Union will be using AWS to build a more seamless and reliable experience for its customers who send money and payments to over 200 countries and territories through its mobile application, website, and agent locations around the globe.
FORBES | Tue November 19, 2019
Hardly a week goes by without another exchange pulling the plug. Recently it was CoinExchange.io. The reason is not too complicated; many of the flashy coin projects that spewed into the crypto space in 2016 are dead and have no reason to trade or for that matter to exist at all. The exchanges have little business to sustain the cost of staying open.
More from PaymentsSource
Since the dawn of the commercial banking age, the transaction-led business model which underpins most of the U.K.’s high street banks has stood relatively unchallenged.
PayPal Ventures is part of an investment group that has raised $4.2 million for cryptocurrency risk management platform TRM Labs.
In a move that accelerates Western Union's plan for its money transfers to be part of advancing digital technology, the cross-border payment provider has entered an agreement with Amazon Web Services for long-term cloud services.
Cryptocurrency’s ongoing climb towards respectability continues - mostly unabated. The signs are everywhere. Look at the plethora of payment options now available for bitcoin holders.
