The Case for Consolidation

If you believe Forrester, the mobile payments market in the United States will triple over the next four years, from $50 billion to $142 billion.  Who will dominate the market for mobile payments by 2019? Well, it’s not likely to be Starbucks. At the end of 2013, Starbucks claimed a whopping 90% of the mobile

Visa Poised to Invest €200 Mn a year in New Payments Technologies

Visa Europe has reported its strongest annual financial performance to date for the year ending 30th September 2014. Gross revenues grew 9% year-on-year to €1.9 billion while profits of €344 million were €80m higher than last year. This enables Visa Europe to invest more than €200 million in new payments technologies to accelerate the growth

Google Wallet to Power P2P Money Transfer for Gmail Users Outside US

Google Wallet is now taking steps towards enhancing its international presence leveraging Gmail as a platform. Across geographies outside the US, Google Wallet was being used only for making in-app purchases on Google Play or for online checkout. Even the Google Wallet app is not available in many countries. But this new initiative is hinting

In Talks with Chen Amit, CEO of Tipalti that Raised $13 Mn

Q.) Just to start off with, how are things shaping up at Tipalti? Chen: Business is fantastic. The company is growing quickly and the pace of growth is accelerating.  We have had near perfect customer retention rates and our customers are very happy. Q4 2014 was by far our strongest quarter ever. We also made

CheBanca! Opts for Backbase Platform to Take its Banking Experience Up a Notch

CheBanca!, the retail bank under the Mediobanca Group, has selected Backbase’s Digital Banking Platform to improve their online and mobile banking experience. Backbase is an omni-channel digital banking specialist. CheBanca! is known as one of the most innovative players in Italian banking. Backbase is one of the market leaders when it comes to next-generation digital

Judo Payments Raises £6 Mn to Drive Mobile Payments for KFC & Others

Judo Payments, a leading mobile-first payments platform in Europe, has successfully closed an additional £6M in funding to drive growth in the rapidly expanding mobile commerce sector.  The first institutional funding round was led by financial technology venture capital firm Route 66 Ventures. KFC is the latest restaurant to invest in Judo’s technology to simplify

Exclusive Interview with Gordon Russell, CEO & Co-founder of Springboard Retail

On a recent trip to Boston, we got a chance to meet Gordon Russell, CEO & Co-founder of Springboard Retail. The first remarkable thing about Gordon and his group is that they come from the retail industry and they started implementing their cloud based solution more than a decade ago. And since they come from

26% of Global Online Payments Transactions Now via Mobile

Adyen, the global payments technology company, has published its quarterly Mobile Payments Index, which tracks mobile payment data from web-based transactions across Adyen’s customer base. As the world shifts to mobile, the latest index reveals a surge in mobile’s share of online transactions, marking the first time mobile payments have accounted for more than a

This Startup is All Set to Bring a Whole New Banking Experience in Europe

Number26 is a US banking startup which is currently owned by the Spanish bank BBVA. The online-only banking service recently launched its services in Europe and has begun accepting deposits from customers in Germany and Austria. Number26 has established a strategic partnership with Wirecard Bank and has received an official banking license from the Germany

USAA Rolling Out Biometric Authentication for Account Log-in via Mobile

USAA members residing in the states will soon be able to log into their accounts through mobile devices using biometric recognition. This will make USAA the first U.S. financial institution to offer facial and voice recognition on a mobile app as added protection against fraud and identity theft. USAA members are expected to have access