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PayPal very sneakily increases its charges and adds weird non-discouragement clause for sellers

Nobody likes to share bad news, and PayPal is no different. Price increases certainly fall into the category of bad news, and PayPal has decided to publish the details as “Policy Updates”. But it’s not just the price hike that’s included in this misleadingly-titled document — there’s also something rather weird. If you are a seller — such as on…

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boon. with Apple Pay is coming to Switzerland

Independent from any bank or telecom operator As one of the leading payment service providers, Wirecard today is launching its mobile payment solution boon in Switzerland. After establishing the application in the UK and France, Switzerland is already the third market, where customers can benefit from boon with Apple Pay which is transforming mobile payments with an easy, secure and…

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Mobile wallet spend to rise by more than 30% this year, reaching US$1.35trn says Juniper Research

Global spend via mobile wallets is expected to rise by nearly 32% this year to US$1.35 trillion. That is according to a new study from Juniper Research. The study, Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts, found that spend is currently concentrated in the Far East and China, due primarily to the success of Alipay and WeChat. However, it…

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Mi-Pay secures data roaming with 12 Telecom

On Jan 30, 2017, Mi-Pay group plc, the leading provider of mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators and 12 Telecom a UK company providing innovative telecommunication technology for businesses have established a strategic partnership for the provision of International App based digital services. Under the agreement, all 12 Telecom mobile service customers…

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PayPal’s mobile payments volume sees 55% increase in 2016

Mobile payments accounted for a third of PayPal’s overall payment volume during the fourth quarter of 2016, the company’s CEO Dan Schulman has revealed, with the total volume of mobile payments increasing by 55% over the course of last year. The company processed US$31bn in mobile payment volume during the fourth quarter, representing a 53% increase on the same period…

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Jack Ma’s Ant Financial Buys MoneyGram for $880 Million

Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. The $880 million acquisition marks Ant’s first deal with a U.S.-listed company, as it begins to explore markets beyond a home arena it already dominates. The transaction will connect MoneyGram’s network of 2.4 billion bank and mobile accounts…

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Austrians to open bank accounts from home using online video ID service

Customers of Austria’s Erste Bank und Sparkassen can now open a current or student account using video-based online identification through either a mobile device or desktop computer, saving the “time and effort involved in visiting a branch office”, the bank says. The bank has integrated video identification solutions provider IDnow’s Video-Ident solution across its digital banking platform to enable the…

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PayQwiq now available in all Tesco stores across the UK

Tesco is making it faster and easier for customers to pay for their shopping by extending the availability of its mobile payments app, PayQwiq, to every Tesco store in the UK.  This follows positive feedback from customers during the initial roll-out. READ MORE: Mobile payments market worth $3,338bn by 2022 PayQwiq, available for both Android and iOS smartphones, allows customers to…

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Santander invests in PayKey, a startup that allow peer to peer payments with WhatsApp, Facebook Messenger or Twitter

Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an investmenet in PayKey, a startup that allow peer to peer payments as easily as writing a chat or sending a photo to a friend using WhatsApp, Facebook Messenger or Twitter. Israeli-based PayKey has developed a mobile keyboard application that connects to the bank to make instant and…

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Mobile and online banking in Austria are growing

Usage of online banking and mobile banking, including new methods of payments, is growing in Austria and smartphones are becoming increasing competition for banks, according to the recent GfK Online Survey. Two thirds of respondents use a debit card at least once a weak, up from 58 percent in 2015. Usage of a credit card at least once a weak…

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