Facebook Messenger now supports PayPal payments in bots, will track your PayPal receipts

facebook-messenger-payments PayPal is deepening its relationship with Facebook, and will now become one of the payment options within Messenger, among other integrations. That means customers who shop via the growing number of chatbots from online merchants will be able to transact on Messenger using PayPal’s payment service. In addition, as part of this deal, PayPal says it will make it easier to link your… Read More

Zelle p2p payments push to compete with Venmo now has 19 US FI backers

Zelle The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has 19 US financial institutions signed up to a forthcoming payments network called Zelle, due to launch in early 2017. Read More

Android Pay expands its reach via new partnerships with Visa and Mastercard

pixel-silver-visa-masterpass Google announced this morning two strategic partnerships with Visa and Mastercard aimed at expanding the reach of its mobile payments service, Android Pay. The company says that Android Pay users who are shopping online from their smartphones will soon be able to make payments on hundreds of thousands of new sites where either Visa Checkout or Masterpass are accepted at checkout. Visa… Read More

Google Wallet debuts automatic transfers so you can skip “cashing out”

googlewallet-table Google today is stepping up its battle with Venmo, Square Cash and other person-to-person payment applications with an update to its Google Wallet mobile app, which now allows for automatic transfers to your bank account. That is, transfers will no longer require you to cash out money from your Wallet balance first. This will speed up the time it takes for Wallet users to gain access to… Read More

China’s UnionPay Steps Into Mobile Commerce In JV With UK Startup Powa

china-bubble On the heels of reports that Apple Pay is gearing up for a February launch of its mobile payment service in China, the country’s biggest credit card company has entered into a JV with a mobile payments startup out of the UK to take its own steps into smartphone-based transactions. UnionPay Network Payments — a wholly owned subsidiary of China UnionPay, the state-run company… Read More

PayPal Launches PayPal.Me, A Simpler Way To Request Money Using Your Own Personalized URL

paypal-me-profile PayPal today is launching a new take on peer-to-peer payments with the debut of a platform it’s calling PayPal.Me. For the first time, PayPal customers will be able to set up their own user profiles which are associated with a personalized URL (e.g. paypal.me/username), which can then be shared with others via text, over email, on instant messenger, via social media, or anywhere else, as… Read More

iZettle Gets $67M To Expand From Mobile Payments To Small Business Financing

cYn8okcNG665Iv0HkJ8ph-TlcbQXRYcninzdbuHmfKU European mobile payments player, iZettle, is expanding into what amounts to small business loans — announcing a capital advance product, called iZettle Advance, which will be available to select iZettle customers who need funds to grow their own businesses. So it’s basically moving onto even more of the territory where traditional banks fear to tread. Read More

How The Digital Economy Can Help End Extreme Poverty

beggar When I was in Addis Ababa, Ethiopia recently as part of the U.S. government’s delegation to the Third International Conference on Financing for Development, I was struck by how much the international development landscape is changing. Where governments were once the primary source of development assistance, today the private sector, civil society, academia and donors are all working… Read More