Are you getting your children ready for back-to-school? Or maybe looking to book a flight in the near future for your end-of-the-year vacation? The world of payments brought these purchasing events together this week to help us compile a list of the most compelling headlines across the globe. Check out what make the cut this week below!
1. Back-to-school spending to increase approximately 4% in Canada
Back-to-school season is upon us, which means parents and guardians are stocking back up on paper, pens and binders to prepare their children for the first day back. This year, back-to-school spending is going to increase 4% from 2017, with data showing that shoppers are focused more on speed and ease than ever before.
2. Lessons from BlackBerry Moneris among highlights of 2018 Digital Transformation Awards
It’s always exciting to see members of our executive team representing Moneris across the country, and this week our CTO Amer Matar was featured at the 2018 Digital Transformation Awards. Amer appeared on a panel to discuss FinTech 2.0 with CISO advisor Michael Ball – make sure to take a look at what he said!
3. Air Canada Expands Acceptance of Alipay and WeChat Pay to North American and Hong Kong Websites
Paying for flights just got simpler thanks to Air Canada. Air Canada announced on Tuesday that they would begin to accept Alipay and WeChat Pay, two leading mobile payment solutions in China. Air Canada is now the first Canadian airline and is among the first of North American airlines to accept these payment options in North America!
4. Netflix Tests Bypassing iTunes Payment Methods
The way you pay for your Netflix account might be changing in the near future. Netflix is reportedly looking to break free from the Apple revenue sharing system they’re currently tied to for their users that watch from their iPhones or iPad devices, which Apple takes a 30% cut from.
5. ENJOY EP ON TAP, WITH AIB
Electric Picnic, a three-day long music and arts festival in Ireland, is set to go contactless through their new partnership with Visa and AIB (Allied Irish Banks). With another summer festival going contactless, it sounds like cash at festivals will soon be a distant memory!
Interested in seeing what else has happened in the world of payments this summer? Make sure to take a look at our recaps from August 13 to 17 and August 6 to August 10.