Friday, 11 November 2016

My summary of the week

Amazon

launched its €4.99 Dash buttons in Spain. The Dash button, which first launched in the US in 2015, will make it possible for the company's customers to order any of the different participating brands by pressing the Wi-Fi enabled button. Fairy, Dodot, Ariel, and Hero are among the firms included in the service's national debut. Each button can order one product manufactured by its specific company   


Mobile Payments

•             Citi unveiled Citi Pay, a new global digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment. Customers will be able to make online and in-app purchases using the same Citibank online user ID and password that they currently use to manage their existing online relationship with Citi. Citi is partnering with Mastercard® to leverage its digital payment service, Masterpass®, to enable the online and in-app transactions
•             PayPal has integrated with Apple agent Siri to enable subscribers to use voice commands to transfer payments in 30 countries and in a variety of languages.
•             The Bank of Ireland has authorized Facebook Limited International Payments Ltd. as an e-money institution with effect 24 October 2016.
•             Starbucks has reported that 25% of transactions are mobile in the US, while over $1.4 billion was loaded on cards in the Us and Canada in Q4 and over $6 billion in FY2016.


Fintech

•             Citi unveils global API developer hub. Through the hub, developers will get access to APIs across eight categories, including account management, peer to peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorisation.

•             Payolution, the white label installment payment solution owned by Paysafe, launches in the UK through Odlo, the Norwegian-based online sports retailer.

•             During its Q316 results, Square announced that  Software and Data product revenue was up 140% YoY, already representing 8% of Total Net Revenue.

  
Spanish banks


•             Bizum, the p2p mobile payment platform backed by major Spanish bannks, reported that 176,000 users have registered in the first month of operations.

•             Following Self Bank and BBVA launches, Evo Banco has announced a digital on-boarding solution based on selfie and video call.

•             Bankia launches BeBankia a service that let merchants create offers that can be redeem by Bankia customers and non customer through a dedicated app. The service is similar to Barclaycard BeSpoke Offers that after 2 years of operations was closed.



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