Mobile payments
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Kudi wants to make it easier to pay bills in places where internet access is limited
Making payments and sending money to friends and family in Nigeria can be cumbersome. Y Combinator-backed Kudi, which recently launched in Nigeria, is aiming to make it easier for people to pay bills and pay each other via messaging. At its core, Kudi is a chatbot, which lives inside Facebook Messenger and eventually Skype, that helps you transfer money, buy airtime for your phone, pay bills… Read More
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Symple wants to be Venmo for business payments
Between Venmo, Square Cash and even Snapcash, no one can argue that it’s hard to send money to a friend. But it wasn’t always this way. Paper checks used to be the de facto method of repayment — and it was messy, time-consuming and nowhere near instantaneous — someone could wait a month to cash a check you wrote them, leaving you with an annoying surprise when the… Read More
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Target will launch its own mobile payments system this year
Target’s CartWheel application has grown to some 27 million shoppers who have used it over the past three years following its debut to save over $600 million at checkout. Now, the retailer hints it may be adding mobile payments to the app, and potentially its main Target application, as well. The company didn’t confirm which of the two, or if both, would be updated to include… Read More
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Facebook Messenger now supports PayPal payments in bots, will track your PayPal receipts
PayPal is deepening its relationship with Facebook, and will now become one of the payment options within Messenger, among other integrations. That means customers who shop via the growing number of chatbots from online merchants will be able to transact on Messenger using PayPal’s payment service. In addition, as part of this deal, PayPal says it will make it easier to link your… Read More
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Android Pay expands its reach via new partnerships with Visa and MasterCard
Google announced this morning two strategic partnerships with Visa and MasterCard aimed at expanding the reach of its mobile payments service, Android Pay. The company says that Android Pay users who are shopping online from their smartphones will soon be able to make payments on hundreds of thousands of new sites where either Visa Checkout or Masterpass are accepted at checkout. Visa… Read More
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Kohl’s rolls out its own mobile payments platform, Kohl’s Pay
Larger retailers are beginning to offer their own alternatives to emerging mobile payment systems, like Apple Pay, Android Pay and Samsung Pay. Today the latest to launch its own, independent mobile payment platform is department store chain Kohl’s, which has now integrated “Kohl’s Pay,” along with its loyalty and rewards programs, into the company’s mobile app.… Read More
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Squire makes software for barbershops
Squire, a company that launched last week at Y Combinator’s Summer ’16 Demo Day, makes software for barbershops. Not salons or beauty parlors or wherever else you get your hair cut… just barbershops. So what makes a barbershop so unique that it warrants its own software platform? A few things. First, most customers book a barbershop appointment the day of service, not weeks… Read More
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Boku locks down another $13.75M to fund carrier connections for global expansion
Global mobile payments company Boku announced a $13.75 million funding round today led by a consortium of UK investors. The company had previously raised approximately $77.25 million from Khosla Ventures, New Enterprise Associates, Index Ventures, Benchmark, and Andreessen Horowitz among others. The relatively small round, within the greater context of the company’s past… Read More
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Google Wallet debuts automatic transfers so you can skip “cashing out”
Google today is stepping up its battle with Venmo, Square Cash and other person-to-person payment applications with an update to its Google Wallet mobile app, which now allows for automatic transfers to your bank account. That is, transfers will no longer require you to cash out money from your Wallet balance first. This will speed up the time it takes for Wallet users to gain access to… Read More
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Shopify launches its POS app and card reader in the UK
Shopify is launching its retail hardware and point-of-sale app for merchants in the UK. The reader supports tap, chip and swipe payments, letting retailers accept both contactless and traditional card-based payments, and the free app works in tandem with the reader device on either iPhone or iPad. The Shopify app and reader combo means sellers can accept a range of payment options at… Read More
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