This Week in Payment News - July 23 to 27

July 27, 2018

Tired of the difficulty that comes with international money transfers? Or maybe you’re frustrated with having to leave your seat to pay for snacks while at a baseball game? This week in payments focused in on making payments safer and easier, from person to person payments, to drone deliveries and even fashion-forward payment bracelets. 

1. MoneyGram And Visa Team To Deliver Real-Time Global P2P

Looking for a better way to send international payments to friends or family without difficulty?

MoneyGram and Visa have partnered to change the way that international person-to-person payments can be done in real time. Launching in October, MoneyGram will expand the options in which money receivers in Mexico and the Philippines may receive and use funds from Visa-branded debit or prepaid credit cards.

2. Drone deliveries could support contactless payment to fight fraud 

The idea of drone deliveries once seemed like a distant memory, but is quickly becoming a reality. A concept contactless payment system built into drones was unveiled this week, proposing an idea of how to mitigate fraud from occurring when delivering packages without human interference. Make sure to check this article out!

3. Philadelphia Phillies & Aramark Launch Apple Business Chat at Citizens Bank Park 

The MLB is really making waves in the payments industry. Last week was the announcement of fingerprint and facial recognition tickets, and this week it’s news from inside the stadium! Philadelphia Phillies fans now don’t have to worry about missing their favourite player up to bat, with a new food delivery service that utilizes text messages and Apple Pay to have orders brought right to their seats.  

4. Tovi Sorga payment bracelets make contactless look cool 

If you’ve been hoping for a more stylish alternative to your smartwatch or smartphone when making contactless payments, this news is for you!

Tovi Sorga, an accessories brand based in the UK, is releasing a line of leather bracelets that have embedded contactless chips that connect to Visa or MasterCard debit or credit cards. Right now these bracelets are only on the market in the UK, so hopefully we see them across the pond soon!

5. More than half billion Chinese pay by mobile phones: report

According to recent industry data, the Chinese mobile payment industry is growing exceedingly fast.

527 million Chinese smartphone users made a mobile phone transaction by the end of 2017, an increase of more than 57 million in a single year! There are a number of reasons for this growth, including access to the internet and a growing number of smartphone users, but make sure to check this article out for more information!

To learn more about the recent headlines in the payments industry, make sure to take a look at our articles from July 16 to July 20 and July 9 to July 13.  

The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. 

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