The information you need to start your day, from PaymentsSource and around the Web:
Faster payments hardball
Paytm is in a fierce competition with outside companies such as Mastercard and Visa to migrate
Paytm is offering instant bank settlement for merchants that support Paytm QR payments at physical stores. This covers about 10 million merchants, reports
Paytm's battle with outside payment companies has also extended to local politics, with the companies lobbying on opposite sides of
The heart of Poland
Fresh off of opening a fintech hub in
The factory plans to launch five companies in the next year in fintech, insurtech and retailtech, reports
Mastercard also plans to have its other global technology hubs work with Heart Ventures to build global payment technology.
Ready for Asia
As it preps to launch in the U.S., London-based payment technology company
The company has earned licenses to operate in Singapore and Japan ahead of a planned launch in early 2019, reports
In Singapore, Revolut users will be able to store funds and send money, while in Japan Revolut has a green light from the country's Finance Service Agency.
Debit film
Movie ticketing company Sinemia is adding a debit card option to cut some costs related to its core online service.
The problem began when the company introduced
Sinemia's debit cards will remove the convenience and processing fees when used at the theater, but will still carry fees for online purchases, according to Engadget. The cards will cost $15.
From the Web
ABC News | Thu November 29, 2018 - Dunkin' Donuts has issued a warning to its "DD Perks" customers after they say a third-party might have gained access to their account information. "Although Dunkin' did not experience a data security breach involving its internal systems, we've been informed that third-parties obtained usernames and passwords through other companies' security breaches and used this information to log into some Dunkin' DD Perks accounts," said the company in a statement.
CNBC | Thu November 29, 2018 - Ohio has a message for blockchain enthusiasts: The Buckeye State wants your business. That memo was a key driver of the state's decision to accept bitcoin for taxes, Ohio's state treasurer Josh Mandel told CNBC this week.
China Daily | Thu November 29, 2018 - Ant Financial Services Group has appointed Simon Hu, former head of Alibaba Cloud, as its president, the latest follow-up in Alibaba’s organizational restructuring announced three days ago. Hu will report to Ant Financial Chairman and CEO Eric Jing, the fintech giant said in a statement Thursday.
More from PaymentsSource
As the concept of Smart Cities — urban settings undergoing a digital transformation through "internet of things" technology and connected platforms — evolves, so too will the concept of making a payment.
In a world where most financial matters can be handled with a few taps on an app, debt collection appears stuck in the last century.
Quicken and U.S. Bank are launching a co-branded contactless credit card that will integrate with Quicken's personal finance software and mobile app.
The initiative would allow financial firms to test new — and potentially less transparent — disclosure forms on customers.
