The information you need to start your day, from PaymentsSource and around the Web:
Paytm's castle
Vijay Sharma, the founder and chairman of One97 Communications, which operates Indian mobile pay app Paytm, envisions payments as a "moat" that surrounds the company's expansion on several fronts outside of its core digital transaction processing.
The company plans to diversify in “two dimensions” — lifestyle and financial services, Sharma said in an interview on
Blockchain pays
Investment is flowing into
Proof of Capital has launched a $50 million fund to invest in the technology behind blockchain and distributed ledgers. Of particular interest will be remittance, payment execution, security and wallet technology, reports
Its first investment, Ubanx, develops blockchain products to support easier user experiences for financial services.
Supply lab
Based in Tel Aviv's technology center, the lab will include developers and product managers who will focus on IoT, distributed ledgers, regulatory technology and other innovations and how these can connect to back offices, open banking platforms and transactions.
The lab's first projects are an API and an app store for trade finance products.
Better vision
The FIDO Alliance, EMVCo, and the World Wide Web Consortium have formed an interest group to build what the groups call a "vision" for web payment security and interoperability.
The group will identify gaps that are holding back that vision, and will propose technical specifications to improve compatibility.
The interest group comes shortly after the formation of a similar entity called the
From the Web
Forbes | Wed Apr 17, 2019 - The Swiss FinTech company Armillion has elevated its already ultra-luxe payment and multi-key bracelets, releasing a diamond-edged version that can make MasterCard-supported payments of up to £1 million ($1.3million).
Chain Store Age | Wed Apr 17, 2019 - 1-800-Flowers.com is offering new shopping and payment options, as well as special assortments, in time for Mother’s Day. The specialty online gift retailer’s Mother’s Day push includes implementing Google Home as a new voice platform for shopping and transacting.
CNBC | Wed April 17, 2019 - NatWest has launched biometric payment approval technology for business and commercial customers. In an announcement Tuesday, the bank said the system enabled its customers to make payments, via an app, using Apple’s Face ID or Touch ID.
More from PaymentsSource
E-commerce, mobile and faster payments are making a whole new world of experiences possible for consumers, merchants and financial institutions — but gaps linger that could hinder or even harm progress.
SnapPay has grown rapidly in its role as an acquirer and payments gateway for Chinese mobile payment acceptance in North America, and it is ready to show merchants the next step.
Almost conspicuous by its absence, Apple Pay is finally an option in the Uber Eats food delivery app — after five years of being a way to pay for Uber's separate ride-sharing service.
Stripe has updated its products and made an acquisition to prep for new security standards it says will impact more than 300 million people, potentially giving Stripe the same kind of influence over European merchant technology that it enjoys in the U.S.
