|
Dec 14 Payments NEXT newsletter: International remittances grow, fake 5-star reviews, Google Pay in Canada, optile acquired, eToro debit card, why Blockbuster failed, more...
|
|
Here’s your weekly global payments newsletter, all wrapped up in one handy reading package. Juniper Research reports global remittances hit $682.4 billion in 2018 with much more on the horizon. We look closely at the growth of fake five-star reviews on Amazon and other social media and its impact on online shopping. Ten Canadian credit unions launched Google Pay for Android phones with more credit unions to follow in the new year. Our guest post from PPRO surveys the barriers to successful international payments. Lots more weekend reading in the roundup below.
|
|
International remittances grew 11% and big growth is ahead
Remittances are a multi-billion-dollar industry and the latest Juniper Research offers valuable insight into the size of the market, the biggest sending and receiving countries, and what’s on the horizon for remittances in the future as a result of digitization. In 2018, international remittances through formal channels totaled $682.6 billion, up from $613 billion, an 11% increase over 2017. Read more… |
|
Five-star fakes and other phony reviews hurt Amazon and consumers
In Amazon we trust. Many online buyers check Amazon and other online product reviews and prices before purchasing online. Understandable, but are we being faked out by fake product reviews? Despite consumers’ acceptance of the value of reviews, questions persist about how many reviews of Amazon products are actually fake. Read more… |
|
Canadian credit unions launch Android phone payments with Google Pay
Ten credit unions launched the Interac Debit payment system with Google Pay, allowing Canadian consumers to pay for purchases using their Android phones. Canadians have used the interact debit payment system for more than 20 years and this marks a big step forward for Google Pay in its efforts to expand its footprint in banking services. Read more... |
|
The leapfrog effect: Overcoming barriers in global payment infrastructure
Over the last decade, we have seen an explosion in FinTech ushering a new era of commerce. Payment innovations and new solutions have closed the technology gap and have connected consumers all around the world — even those without bank accounts — to the digital marketplace. Many fast-emerging markets across Asia and Latin America have seen breakthroughs in delivering pragmatic payment solutions to meet the needs of their region’s consumers. Read more… |
|
| Dec 13 Global payments news roundup
In the roundup, Payoneer acquires German fintech optile in order to expand its services for business clients. eToro is planning a debit card to challenge other fintechs like RobinHood. The most popular US form of payment is still – wait for it – credit cards, for 43% of Americans. Retail Dive takes an insightful look at what the holidays may mean for department stores in the US. PayPal sues the CFPB alleging its digital wallets are not prepaid products. Finally, there’s a nostalgic look at the forces behind the death of Blockbuster. Payments industry reading that you can fit in between your weekend Christmas shopping trips. Read more… |
|
Get more global payments industry news and insight
Find the daily payments industry news you can use at Payments NEXT.
|
|
