Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe

 B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Mumbai-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round announced this summer. Originally pegged at… Read More

Apple Pay Cash starts rolling out to iPhone users in the US

 Apple Pay Cash is finally starting to roll out to users in the States, bringing the ability to send other iOS users payments directly through iMessage. The update is arriving piece by piece to those who’ve downloaded iOS 11.2, which launched two days back with a not-yet-live version of the feature. Apple Pay Cash was announced back in June at WWDC. However, the company added ahead of… Read More

Apple Pay Cash starts rolling out to iPhone users in the US

 Apple Pay Cash is finally starting to roll out to users in the States, bringing the ability to send other iOS users payments directly through iMessage. The update is arriving piece by piece to those who’ve downloaded iOS 11.2, which launched two days back with a not-yet-live version of the feature. Apple Pay Cash was announced back in June at WWDC. However, the company added ahead of… Read More

Apple Pay Cash starts rolling out to iPhone users in the US

 Apple Pay Cash is finally starting to roll out to users in the States, bringing the ability to send other iOS users payments directly through iMessage. The update is arriving piece by piece to those who’ve downloaded iOS 11.2, which launched two days back with a not-yet-live version of the feature. Apple Pay Cash was announced back in June at WWDC. However, the company added ahead of… Read More

Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

 Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today. Grab is present in seven markets across… Read More

Apple Pay now in 20 markets, nabs 90% of all mobile contactless transactions where active

 While we are going to have to wait a little longer for Apple to launch payments in iMessage, this weekend, Jennifer Bailey, Apple’s VP of Apple Pay, announced a series of other milestones for the digital wallet and payments service that competes against the likes of Android Pay from Google, Samsung’s wallet and others efforts from retailers and banks. The advances point to how… Read More

Elements, Stripe’s new check-out toolkit, aims to boost e-commerce sales completions

 Stripe, the payments startup is now valued at $9 billion, is today taking the wraps off its latest effort to help its customers — which now number in the hundreds of thousands, and include companies like Lyft, Salesforce, Facebook, Deliveroo, and the U.K. government — generate more transactions, and thus greater returns for Stripe itself. It is launching Elements, a free toolkit… Read More

Venmo rolls out QR codes for user profiles in its mobile app

 Venmo today quietly rolled out a feature designed to make it easier to find friends within its mobile payments app, so you can add them to your connections list or get paid yourself. The feature, found under the new menu option “Scan Code,” is available now in both the iOS and Android version of the Venmo app. When tapped, it launches a new interface that allows you to either use… Read More

PayPal expands partnerships with Citi and Chase to include reward points and more

 PayPal today announced an expanded partnership with two of the largest bank issuers, Chase and Citibank. The agreements include a number of increased integrations between the companies, including easier access to Chase and Citi bank cards in the PayPal wallet; permitting Chase and Citi customers to take advantage of cards’ rewards points anywhere PayPal is accepted; integrations with… Read More