Mastercard to PFs on QR Codes: “Do What You Do Best”

Payment Facilitator Mobile Business Compliance Security Payments Industry
Mastercard to PFs on QR Codes: “Do What You Do Best”
Payment facilitators have developed a reputation for innovating solutions that bring previously excluded parties into the formal payments system. According to Mastercard’s James Hicks, this ability to take a fresh look at old problems makes PFs well suited to help the card networks expand the use of digital payments into emerging markets using QR codes.

LaterPay Aims to Capture Revenue from Cherry Pickers

Payment Facilitator Mobile Business Compliance Security Payments Industry
LaterPay Aims to Capture Revenue from Cherry Pickers
The question of how to earn revenue from their online content has dogged publishers since the advent of the internet.

The models that have emerged are typically either advertising- or subscription-based. But German company LaterPay thinks it has found a way to bridge the two – by focusing on readers and how they consume content.

Is Singapore the Next E-Payment Frontier?

Payment Facilitator Mobile Business Compliance Security Payments Industry
Is Singapore the Next E-Payment Frontier?
While Singapore is technologically advanced in many ways, it is falling behind in others. This is according to Singapore’s prime minister, Lee Hsien Loong.

In an annual address last week, Lee named digital payments as one area where better use of information technology could improve the lives of Singaporeans.

Stripe in New Zealand; Cross-Border Education Payments: News Roundup

Payment Facilitator Mobile Business Compliance Security Payments Industry
Stripe in New Zealand; Cross-Border Education Payments: News Roundup
In a roundup of this week’s news, we report on payments powerhouses continuing to expand globally, a new application for QR codes in India, and an offer promoting card payments for cross-border tuition bills.

New Worldpay Helps Create Global Opportunity for PFs

Payment Facilitator Mobile Business Compliance Security Payments Industry
New Worldpay Helps Create Global Opportunity for PFs
As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally.

But what does all this mean to payment facilitators?

PayPal Makes Swift Acquisition

Payment Facilitator Mobile Business Compliance Security Payments Industry
PayPal Makes Swift Acquisition
Leading payment facilitator PayPal announced last week that it plans to acquire Swift Financial, which provides working capital to businesses through both loans and advances on future revenue.

As we’ve noted previously, many small businesses are turning to payment facilitators for their capital needs. And PFs are seeing this business as one opportunity to expand the ways they serve their merchant clients’ business needs, in an integrated environment that includes payment processing.

China Pushes Back on Cashless Trend

Payment Facilitator Mobile Business Compliance Security Payments Industry
China Pushes Back on Cashless Trend
China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities.

But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.

Alipay Gives Yelp a Good Review, U.K. Drivers Prefer Cash Parking for Now: News Roundup

Payment Facilitator Mobile Business Compliance Security Payments Industry
Alipay Gives Yelp a Good Review, U.K. Drivers Prefer Cash Parking for Now: News Roundup
In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.

PFs Key to Supporting QR Code Expansion

Payment Facilitator Mobile Business Compliance Security Payments Industry
PFs Key to Supporting QR Code Expansion
Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes.

The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.

Visa Partners with Uber, Payworks Adds Alipay: News Roundup

Payment Facilitator Mobile Business Compliance Security Payments Industry
Visa Partners with Uber, Payworks Adds Alipay: News Roundup
In a roundup of this week’s news, we report on a new partnership for Visa in Africa, more expansion into Europe for Alipay, and a transaction milestone in India, driven largely by mobile payments.

As Visa looks to expand the reach of its network into developing economies, it has tapped another partner with reach in Africa: Uber.