E-commerce firm eBay has added support for Google's mobile payment platform Google Pay in a bid to intermediate end-to-end payments on its marketplace.
UK-based fintech company Fingopay has decided to initially launch its biometric vein payments system at leisure and hospitality venues in Manchester, England.
Based on Hitachi VeinID technology, Fingopay solution uses infrared light to map the pattern of a customer's finger veins
The launch is a first for the UK. It allows business to make payments of any size through their Bankline Mobile app using Face ID or Touch ID.
Therefore, users don't need to bother with a card reader. With this new feature, business can also authorise numerous users to set up payments. From there, business owners can approve on the go through their app.
The financial industry is undergoing unprecedented changes. Focusing on how to navigate through new regulations has become a challenge, especially while keeping security a priority.
PayPal has introduced a new feature, which will enable customers to transfer money to their bank accounts from the app instantly.The new Instant Transfer to bank feature is powered by a tie-up with banking group JPMorgan Chase.
Currently, four services on the GOV.UK website are supported by Apple Pay and Google Pay.
These include the Global Entry Service, which supports quick entry to the US for UK citizens.
Payments for online basic DBS checks, which are conducted prior to allowing one to work in certain sectors, also accepts the two mobile payment services.
Customers increasingly want payments to be seamless. New developments in biometrics, instant cross-border payments, and the Internet of Things (IoT) are all part of the larger trend towards more convenient payments. However, seamlessness for consumers means complexity for merchants, creating challenging market conditions.
For an economy as developed and advanced as Japan's, cash is surprisingly still its most widely used payment instrument. Japanese consumers remain averse to mobile payments, and are even hesitant to use payment cards.
The technology from FIS hopes to be a crucial part of Australia-based Volt's overall platform. It will provide a highly scalable, cost-effective platform to serve customers.
The PayPal investment in Tink will give it access to Tink's account aggregation technology. Furthermore, this will allow PayPal to significantly improve the produce experiences it offers to customers in Europe.
Social networking platform Facebook is planning to introduce its own cryptocurrency next year, reported BBC. Dubbed GlobalCoin, the new offering is expected to be made available in around 12 countries by the first quarter of 2020 following a trial later this year.
