We tend to find themes when scanning the top headlines of the payments industry, and this week it was definitely delivery services. From McDonalds to Starbucks, there's a full plate of headlines this week in payments!
1. McDonald’s Ends Exclusive Deal With Uber Eats; Starts DoorDash Partnership
Remember the days where you had to go to a physical McDonalds to get a BicMac or chicken nuggets? They seem so far gone it is a distant memory, and thanks to this new partnership the memory will become even more far away. McDonalds has ended their exclusive partnership with Uber Eats, and will now be delivering through DoorDash as well. This means there will be more platforms to order McDonalds from, so you can use your app of choice!
2. As LG Pay Makes Its (Belated) U.S. Debut, Observers Question Its Likely Impact
LG Pay has finally made its debut in North America, now being available on select LG smartphones in the U.S this week. LG Pay is similar to Apple Pay, Samsung Pay and Google Pay, allowing phone users to store their card data on their phone and make payments with their device. Given the delayed debut, as well as it’s limited availability on which devices it initially works on, observers are curious about the adoption rate the solution will have.
3. Canadians will soon be able order Starbucks with Uber Eats
From fast food delivery to coffee delivery, Starbucks and Uber Eats have announced a partnership this week that will start to bring your favourite coffee to your home. Launching first in Toronto, Vancouver and Calgary, Uber Eats users will be able to order the majority of the Starbucks menu to the location of their choice. Starbucks hopes to use this as a way to expand into more homes of Canadians, and they’re definitely making it easy to order your favourite coffee!
4. Quebec's new credit card payment minimums kick in on Aug. 1
This week Quebec passed a new regulation that will require that the minimum monthly payment on a credit-card bill is to be no lower than two per cent of the monthly balance. This changes for new credit card agreements, where the new monthly minimum payment will be five per cent. Make sure to read this article to learn more about these new regulations.
If you’re curious about what else has been making the headlines this June in the payment industry, make sure to check out our recaps from July 8 to 12 and July 1 to 5.