Boku Unlocks India for Mobile Payments

Boku launches direct carrier billing connections with all leading telecom providers in India, unlocking millions of potential customers for global merchants July 30, 2014 – San Francisco, California USA —Boku, Inc., the global leader in mobile payments, has developed technology and mobile network operator (MNO) relationships that make advanced mobile payments technology available in India,

Kash Seeks to End Credit Card Fees for Small and Medium Sized Retailers

Any retailer would know the pain of having to lose a percentage of your revenue every month via credit card transaction fees. Thousands of dollars are being lost every year in this manner by small and medium businesses to the likes of Visa and MasterCard. Enter Kash – a mobile payment startup that completely does

MasterCard and EcoCash Collaborate to Enable Financially Excluded Zimbabweans

Yesterday (30th July, 2014), Mobile Money service – EcoCash – announced a significant agreement with MasterCard that could help increase financial inclusion via electronic payments in Zimbabwe. “The adoption of electronic payments is critical to Zimbabwe’s economic development,” commented the CEO of Econet, Douglas Mboweni, in a press release. Reducing dependency on cash while increasing

If Iphone 6 comes with NFC, Will it be a Game Changer?

A new iPhone is imminent and again there is much fascination in the payments world as to whether Apple will finally join the near field communications (NFC) fray. It now appears that the iPhone 6, which is expected in September, will be the device that sees Apple enter the mobile payments market. As with all

AvantCredit Acquires $75 Mn in Series C Funding, $200 Mn Credit Facility

On July 23, 2014, one of the fastest-growing national online providers of consumer loans, AvantCredit, announced the completion of a $75 million round of Series C funding, led by Tiger Global Management, and a $200 million credit facility, led by Victory Park Capital. “AvantCredit’s tremendous growth in just under two years is a reflection of

Visa Digital Solutions Launched to Facilitate Secure Payments for Wearables and Internet- Connected Devices

In 2014, commerce initiated with mobile phones and tablets is expected to total $114 billion in the U.S. alone, according to research firm Forrester. On July 24, 2014, global payments leader Visa announced the creation of Visa Digital Solutions, a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables. “Visa

Six Companies that are Making us Coupon Happy

People sometimes need an incentive to shop, and that is what digital coupons provide. Today a large number of websites offer digital couponing services and provide a reason for people to shop. Different industrywide stakeholders – retailers, manufacturers, big brands – are trying their best to collaborate with such couponing companies to enhance sales and

Sage North America and Moneris Collaborate to Streamline Payment Processes for Canadian Businesses

Yesterday (July 28, 2014), Sage North America, a leading provider of business-management software and services to small and midsized companies in Canada, announced a strategic alliance with Moneris Solutions, Canada’s largest debit- and credit-card processor. “Recent studies indicate that Canadians prefer the convenience of paying by credit or debit, and businesses that accept credit cards

Coinbase Vault Goes Live to Provide Security for Storing Large Bitcoin Amounts

Recently a new Bitcoin vault and wallet, Xapo Bitcoin Wallet, was launched by Wences Casares, CEO and co-founder of Lemon Wallet (which was later sold to LifeLock for $42.6 Mn). On July 25, 2014, Coinbase, a provider of trusted and secure third-party payment processing, launched its own vault designed to provide greater security. How does

Deem Raises $50 Mn to Accelerate its Growth in Commerce Services

Deem is a cloud and mobile commerce company that enables merchants and partners to lower costs, increase revenue and deepen customer loyalty through its Commerce-as-a-Service (CaaS). The company recently announced the completion of a $50 million round of capital raising. The company is planning to use the funds to expand globally, make acquisitions and further