Another day, another Venmo competitor. This time we might actually have something worth looking at, though. Zelle — a payment network developed by Early Warning and built on top of ClearXchange — has been announced with integrated support for many different banks and their respective applications, including Wells Fargo, Bank of America, US Bank, CitiBank, and Chase (among a huge list of others). These days everyone seems to think they can edge out Venmo, but with bank integration, Zelle might actually be able to do it. Read More
After what was a pretty slow start, support for new regions by Android Pay is starting to gather pace. A couple of weeks ago, Google pointed to the next 5 countries on the list. After the recent launches in Canada and Russia, Taiwan has now reached the front of the checkout queue – Android Pay is available in the country from today. Read More
A few days ago Android Pay continued its mission to increase its support by adding 71 banks and credit unions, and now it's adding a further 39 to that list. With most of the major banks already using the technology, Google is now checking off the smaller institutions across the US in its bid for ubiquity. Read More
Android Pay is continuing its expansion in the US by reaching more and more banks and credit unions. At this point, most of the major players are on board, so most of what we keep seeing with each addition are small to medium regional institutions that are joining the fold. Read More
Chinese mobile payment company Alipay, an affiliate of the more famous Alibaba Group, is making efforts to bring their mobile payment platform into the US, via a partnership with US company First Data Corp. With acceptance at over six million merchants, First Data is allegedly the world's largest provider of payment processing services. That footprint will give Alipay a huge advantage with their expansion into the competitive US market. Read More
PayPal has revealed today that it will be adding Venmo as an option during checkout. For now, it will be opt-in for users of Venmo and will manifest itself with the same convenience as PayPal. During the checkout process, users will be able to select Venmo with no changes required by sellers. There is no additional cost to the customer or retailer to use Venmo over PayPal. Read More
Hot on the heels of Simple adding support for Android Pay, we have another list of (smaller) banks that have stepped up to our preferred mobile payment platform. With the 35 and 9 added in February, the 51 in March, and at least 46 in January this is shaping up to be a big year for Android Pay. Read More
Sometimes it's hard to defend LG and its "me-too" strategy of always trying to launch the exact same thing Samsung does, but several months or years later. This case is another example, although the details do appear a little encouraging in LG's favor.
The company has officially announced today that it made an agreement with Dynamics Inc., a US-based company that has developed a Wireless Magnetic Communication technology that's similar to Samsung's MST but with a different algorithm, to start using said tech in LG Pay. The service is supposed to launch in South Korea in June, with the first official phone being the G6 since it already has all the necessary hardware. A firmware update may bring LG Pay to other devices later in the year as well. Read More
After weeks of teasing Samsung Pay in India, the service was made available to testers earlier this month, but today it's been officially announced for everyone.
Owners of supported Galaxy devices in India will be able to install the Samsung Pay app today and add VISA, Mastercard, and American Express cards issued by Axis Bank, HDFC Bank, ICICI Bank, SBI, and Standard Chartered Bank, with Citibank India to follow shortly. Digital wallet Paytm is also supported, as well the Indian government's new Unified Payments Interface.
Then, users will be able to tap to pay at various retailers using either NFC or Samsung's Magnetic Secure Transmission technology, which is the most prevalent across POS machines in India. The announcement doesn't say which Galaxy devices are supported, but your best bet based on previous countries' Pay launches are flagships from the last year or two and high midrange devices from the last year. Read More