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PhonePe raises $700 million, becomes a separate entity

PhonePe raises 0 million, becomes a separate entity PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the Bangalore-based financial services firm said on Thursday. To kick off its new journey, the firm said it has secured $700 million in a new financing round. This round, the name […]

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WhatsApp receives approval to expand its payments service in India

WhatsApp receives approval to expand its payments service in India WhatsApp, which began testing its payments service in India with 1 million users in early 2018, can finally start to expand the feature to more users in the world’s second largest internet market. National Payments Corporation of India (NPCI), the body that […]

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Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions UPI, a four-year-old payments infrastructure built by India’s largest banks, surpassed 2 billion transactions last month, exactly a year after hitting the 1 billion monthly transactions milestone. Driving the transactions for UPI — which has become the most […]

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Leaked pics reveal Google smart debit card to rival Apple’s

Leaked pics reveal Google smart debit card to rival Apple’s Would you pay with a “Google Card?” TechCrunch has attained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or […]

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Google Pay expands its integration with PayPal to online merchants

Google Pay expands its integration with PayPal to online merchants Google and PayPal have been strategic partners for some time. The companies in 2017 announced that PayPal would become a payment method in Android Pay, the service that later rebranded as Google Pay. Last year, users who added PayPal as a payment […]

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Google Assistant gets NYC subway arrival times ahead of MTA Google Pay support

Google Assistant gets NYC subway arrival times ahead of MTA Google Pay support Next week, New York City’s Metro Transit Authority will be adding contactless payment support for Google Pay. In the meantime, Google’s getting ready by bringing a key new commuting feature to Android. Starting today, NYC straphangers can use Google […]

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Apple and Google Pay are finally coming to 7-Eleven this month

Apple and Google Pay are finally coming to 7-Eleven this month Sure, 7-Eleven’s never been particularly well-known for being on the bleeding edge — expect, perhaps, in its quest to push the boundaries of human beverage consumption. Still, the Japanese-owned convenience mega-chain has been notably slow on the uptake of mobile payment […]

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Google is supercharging its Tez payment service in India ahead of global expansion

Google is supercharging its Tez payment service in India ahead of global expansion Google launched its Tez paymen app in India a year ago, and now the company is giving the service major push into retail as it prepares to expand it to other parts of Asia and beyond. The app itself […]

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Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020

Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020 The number of mobile payments users who tap to pay using a contactless payment solution provided by their mobile device’s maker will grow to 450 million people worldwide by 2020, according to a new forecast from Juniper Research. […]

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Google Pay rolls out support for peer-to-peer payments and mobile ticketing

Google Pay rolls out support for peer-to-peer payments and mobile ticketing Google is making several updates to Google Pay, its recently-rebranded service for all its different payments tools. Most of these updates were announced earlier this year, but now, Google says they’re actually going live in the app. One of the additions is […]

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