The information you need to start your day, from PaymentsSource and around the Web:
Global delivery
Starbucks is dramatically expanding its delivery service in China in anticipation of replicating the program in the U.S.
The coffee chain has been piloting the program in a collaboration with
Starbucks also plans to expand in Japan by adding about 300 new stores, delivery via a partnership with Uber Eats and mobile order and pay and marketing through social networking company Line, the
Governor crypto
In addition to changing Congress,
The lobby group's list of highly rated pols includes Gavin Newsom [D, Calif.], Jared Polis [D, Colo.], Mark Gordon [R, Wyo.], Gina Raimondo [D, R.I.] and Greg Abbott [R, Texas]; all of whom easily won their elections.
Unlike traditional finance, the politics around cryptocurrency are less clear. Generally considered a libertarian-friendly market, cryptocurrency has attracted praise from Newsom, a liberal Democrat; and a "deplorables" cryptocurrency from right of center populist
Wearing EMV
Australian fintech Inamo is formally launching its non-embedded EMV contactless wearable payment device in the U.S.
Originally designed for surfing and other water sports,
Its wearable uses a microcard that is waterproof and designed to attach to most watches. Inamo supports merchants that accept Apple Pay and Google Pay.
PayPal's play for German SMBs
PayPal is expanding is
Like PayPal's U.S. small business lending and other products from companies such as Square, BusinessKredit loans are paid off via future payments at the merchant.
From the Web
Fortune | Wed November 7, 2018 - Caroline Louveaux, Executive Vice President and Chief Privacy Officer at Mastercard gave the General Data Protection Regulation (GDPR) high marks. “There have been many benefits for us,” she said, adding that for the financial payments company, GDPR has “not been a revolution, more an evolution” thanks to Mastercard’s previous efforts and investment around privacy.
Reuters | Wed November 7, 2018 - The European Court of Justice ruled on Wednesday that the Hungarian state’s monopoly over national mobile payment services was illegal. The ruling would require the end of exclusive control over Hungarian mobile payments exercised since July 2014 by state-owned firm Nemzeti Mobilfizetesi Zrt.
The Business Times | Thu November 8, 2018 - Grab announced a partnership with Thailand’s Kasikornbank (KBank) to launch mobile payment application GrabPay by KBank. The mobile wallet, which is slated to be launched as soon as early 2019, will allow Grab customers to pay for transport and delivery services, transfer funds, purchase products and services online, and make QR-code payments in restaurants and shops across Thailand.
More from PaymentsSource
During his time as U.S. attorney general, Jeff Sessions was an outspoken opponent of the legalization of cannabis sales. Now that Sessions has resigned, legal marijuana is poised to become a growth industry.
The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global, interoperable, mobile-driven commerce.
Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, according to a Federal Investigation Agency official in Pakistan.
Kenyans using the M-Pesa wallet to make payments and receive funds can now send cross-border payments through a connection with Western Union's global platform.
