Elements, Stripe’s new check-out toolkit, aims to boost e-commerce sales completions

 Stripe, the payments startup is now valued at $9 billion, is today taking the wraps off its latest effort to help its customers — which now number in the hundreds of thousands, and include companies like Lyft, Salesforce, Facebook, Deliveroo, and the U.K. government — generate more transactions, and thus greater returns for Stripe itself. It is launching Elements, a free toolkit… Read More

Following its $25M ICO, Omise lands strategic investment from Thai bank Krungsri

 Earlier this year Thailand-based Omise held a $25 million ICO to develop a next-generation decentralized payment network, and now the company has closed an undisclosed investment from Thai bank Krungsri (Bank of Ayudhya).
Omise has raised over $20 million in VC money — the ICO was for its Omise Go (OMG) division — but this new financing is strategic in nature. The deal itself… Read More

London Costcutter trials finger-vein readers for faster payments

The humble Costcutter supermarket at Brunel University in London has recently become home to a biometric payment system that allows customers to check out with a tap of their finger. The store's owner has begun trialling Sthaler's Fingopay system, wh…

Google’s mobile wallet for India uses sound for money transfers

After weeks of rumors, Google has officially released its payments app in India. Tez (Hindi for "fast") is a mobile wallet that seems like a blend between Android Pay and PayPal. Users can link their bank accounts and use it to pay for items in physi…

Google is reportedly releasing a localized mobile payment service in India

 Google is increasing its focus on India with plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken. The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing,… Read More

Ezetap, racing against bigger rivals like Paytm, just raised $16 million in fresh funding

 There are more than 1 billion cellphone users in India, which abruptly went cashless last November, when  Prime Minister Narendra Modi announced that millions of high-denomination currency notes would no longer be legal tender. These two developments play nicely into the vision of Ezetap, a six-year-old, Bangalore-based startup whose software as a service is used by more than 200,000… Read More

Venmo rolls out QR codes for user profiles in its mobile app

 Venmo today rolled out a feature designed to make it easier to find friends within its mobile payments app, so you can add them to your connections list or get paid yourself. The feature, found under the new menu option “Scan Code,” is available now in both the iOS and Android version of the Venmo app. When tapped, it launches a new interface that allows you to either use the… Read More

Amazon Pay Places lets you pay for real-world shopping using your Amazon info, starting with TGI Friday’s orders

 Amazon is today introducing a new feature called Amazon Pay Places, that allows customers to pay for in-store and order ahead shopping experiences using their Amazon app. That is, instead of using cash, check, credit or debit while shopping out in the real world, you can just use your Amazon account information instead. The first implementation of Pay Places involves a partnership with the… Read More