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April 20 Global payments news roundup: Vyze, Amazon, Chase gift cards, Belgian e-commerce, KIDSBOX, more… |
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Your holiday weekend global payments news roundup is just ahead. MasterCard purchased POS loans platform Vyze while Amazon announced plans to depart the China online marketplace. We’ve got a look at contactless cards in the US and progress in the connected car payments market. The Netherlands is seeing a rise in British financial companies opening offices due to Brexit and Belgian e-commerce is booming.
Chase launches gift cards in the US and Facebook plans to shut down P2P payments via Messenger in France and the UK by June 15. Walmart will target kids through a subscription service agreement with KIDSBOX. We wish you a happy Easter if you celebrate it and we’ll be back with payments industry news as usual on Monday.
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MasterCard enters POS loan market with Vyze acquisition
Mergers and acquisitions in the payments industry are growing as indicated by MasterCard’s purchase of fintech point-of-sale financing platform Vyze. According to Accenture, point-of-sale (POS) loans are a $1.8 trillion business opportunity. “Both consumers and businesses want the best choice and service, exactly when they need it,” Blake Rosenthal, executive vice president of global acceptance at Mastercard, said. Read more… |
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Connected car and other IoT payments gaining speed
A new Transaction Network Services (TNS) report shows connected car and other internet of things (IoT) payments are gaining traction with consumers. The survey of more than 3100 consumers in the US, UK and Australia shows 26% of respondents that own a voice assistant have used it to make a payment, 57% would be willing to make a payment via a connected car if they owned one, and 45% would pay for groceries via a Wi-Fi refrigerator touchscreen or compatible application. Read more… |
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Chase launches US e-gift cards
Chase checking account customers in the US can now send digital gift cards to other US residents instantly using the Chase mobile app or Chase.com. All that’s required is a recipient’s email address. “Our digital gift cards make it more personal than sending a person-to-person payment,” said Prashant Gandhi, head of digital payments for Chase. Read more... |
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Belgian e-commerce is booming
Belgium has just 11.4 million residents and is 11,849 sq miles in size, a little larger than Massachusetts. Despite its small size, it is the world’s 27th largest economy by GDP and e-commerce is growing quickly here. E-commerce reached €7 billion ($7.91 billion) in 2018, an increase of €1.2 billion or $1.36 billion (+20%) over 2017. The average size of shopping carts was €100.05 ($113.10), up 3.31% from 2017. Read more... |
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April 20 Global payments news roundup...
It’s a holiday weekend ahead but we’ve still got your global payments news roundup to keep you current. MasterCard purchased POS loans platform Vyze while Amazon announced plans to depart the China online marketplace. Contactless cards in the US are slowly rising and there’s progress in the connected car payments market. All this and much more payments news highlights hidden among the Easter eggs. Enjoy your weekend! Read more... |
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