mobile payments

Chat app Line to raise $1.33BN via convertible bonds to double down on financial services

Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the fina

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

Google launched its Tez payment app in India a year ago, and now the company is giving the service a major push into retail as it prepares to expand it to other parts of Asia and beyond. The app itsel

Costco now supports Apple Pay across all of its US stores

Apple has landed a big new partner for Apple Pay in the U.S. after Costco began accepting the mobile payment service across 750 stores. The retailer plans to include support at its gas stations, but t

Apple Pay is finally coming to CVS and 7-Eleven, and will soon expand to Germany

Longtime Apple Pay holdout CVS will finally be adding support for Apple’s mobile payments platform this fall, along with 7-Eleven, Apple CEO Tim Cook said this afternoon on the company’s e

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

SoftBank’s move into new services continues with plan for a payment service in Japan

SoftBank is best known in Japan as a mobile operator but the company, which is behind the near-$100 billion Vision Fund, is increasingly getting into other types of consumer services in its homeland.

Venmo is discontinuing web support for payments and more

PayPal-owned, peer-to-peer payments app Venmo is ending web support for its service, the company announced in an email to users. The changes, which are beginning to roll out now, will see the Venmo .c

Zelle forecast to overtake Venmo this year

Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to gr

PayPal and Singapore’s Temasek invest $125M in Indian payment startup Pine Labs

Fresh from agreeing its largest acquisition to date with a deal to buy European payment firm iZettle for $2.2 billion, PayPal is on the investment hunt once again after it backed India’s Pine La

Starbucks’s mobile payment service is slightly outpacing Apple’s

People really love getting their coffee more quickly. Starbucks, which has operated its own mobile payments service since 2011, is the market leader in terms of mobile payments users, beating out Appl

Google Pay’s app adds boarding passes, tickets, p2p payments and more

Google Pay got a big upgrade at Google I/O this week. At a breakout session, Google announced a series of changes to its payments platform, recently rebranded from Android Pay, including support for p

MobileCoin, a cryptocurrency advised by the creator of Signal, just raised $30M for mobile payments

A new privacy-centric cryptocurrency project with some big names on board just raised a round worth noting. On Tuesday, the team at MobileCoin announced that Binance Labs, the major blockchain incubat

Say goodbye to Android Pay and hello to Google Pay

As we reported last month, Google is uniting all of its different payment tools under the Google Pay brand. On Android, however, the Android Pay app stuck with its existing brand. That’s chang

Zelle users are finding out the hard way there’s no fraud protection

Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number

WeTravel builds a payment platform for small travel businesses

WeTravel wants to be the payment platform for small travel companies and group trips. Founded by three immigrant entrepreneurs who met at University of California, Berkeley, the company has just close

New credit card skimmer worked in plain sight at Aldi stores

Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang pl

Commerce platform iZettle raises $47M at a $950M valuation

iZettle — the commerce platform based out of Stockholm that competes against companies like Square, Paypal and SumUp to provide card transactions using smartphones and tablets as well as related

French peer-to-peer payment app Lydia adds Apple Pay support

A peer-to-peer payment app that works similarly to Venmo from startup Lydia in France now works with Apple Pay (a feature originally announced in July), making it possible to spend your balance from t

Target launches its own mobile payments system with debut of ‘Wallet’

As promised earlier, Target today launched its own mobile payments system with the introduction of “Wallet” in the Target app. Wallet, as the name implies, allows Target shoppers in-store

Carrier billing startup Boku to raise £45M in London IPO November 20

Boku, the startup that partners with Apple in its rollout of carrier billing for the App Store, expects to raise £45 million ($60 million) on a post-money valuation of £125 million ($164 million) wh
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