The information you need to start your day, from PaymentsSource and around the Web:
Pay over IP
Skype is expanding its support for PayPal transactions by enabling users on Windows 10 to make and receive in-app transactions.
The Skype Money feature is in testing and should be released shortly,
Funds for Brazilian fintech
Tencent is paying $180 million for a stake in Nu Pagamentos, which operates Brazilian startup Nubank.
The investment comes as Nubank, which has established a digital payments and payment cards business in Brazil, plots a move into other financial services such as consumer loans, reports
Since its founding in 2013, Nubank has issued 5 million credit cards and registered 2.5 million consumers to its digital payment accounts.
Brainy money
CSIRO, an Australian research agency, and the bank will work with the National Disability Insurance Scheme (NDIS) to manage conditional transactions.
Conceptually similar to smart contracts that trigger transactions when certain conditions are met, "smart money" can manage conditions that "know" what the money can be spent on, who can spend it and where. Smart Money can also integrate with
'Wearables' fitting room
A few days after news of
The configuration will allow developers to launch wearables that can be remotely updated and support multiple functions via a multi-use, multi-application contactless wearable.
Similar to Danske Bank, GlobalPlatform's goal is to make it easier to deploy contactless payments for a variety of devices to make the technology more flexible and responsive to user trends, rather than driven by the technology.
From the Web
The Wall Street Journal | Tue October 9, 2018 - Western Union Co. is aggressively expanding its digital services as the money-transfer giant tries to keep pace with competitors vying for international transfers. At stake in this digital race is a growing share of an industry that each year handles more than half a trillion dollars in remittances, in which money mostly flows from migrant workers to their home countries.
CCN | Tue October 9, 2018 - Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerate Ant Financial, has said in a recent speech that he pays special attention to Bitcoin and blockchain technology, and the potential of establishing a cashless society. Although Ma is still studying the fundamental value Bitcoin and other major cryptocurrencies bring to the market, he emphasized that blockchain technology as a whole is a powerful innovation that could enable a completely cashless society.
Yahoo News | Wed October 10, 2018 - Singapore-based FX and cross-border payments startup Wallex Technologies has raised funding in a Pre-Series A led by BEENEXT. The investment amount was not disclosed. Wallex offers a range of online cash management solutions including virtual accounts (for collections and disbursements), a multi-currency wallet, FX conversions, cross-border payments, and an API with real-time FX execution capability.
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