This Week in Payment News – September 17 to 21

September 20, 2018

The payments industry was abuzz this week, with unique headlines popping up across the globe. From TIFF spending in Toronto, to contactless payments thriving in Europe, to one of the largest credit card issuers on the globe celebrating their birthday, it was quite the week in payment news!

1. Walmart Canada Teams Up with Instacart to Offer Same-day Grocery Delivery in as Fast as an Hour to Greater Toronto Area and Winnipeg Customers

Walmart Canada is adding to their extensive list of product and service offerings this week, with same-day grocery delivery now in the market for Greater Toronto Area (GTA) and Winnipeg residents.  Walmart Canada currently offers next-day delivery and pick up services in the GTA, but this is their first delivery service in Winnipeg.

2. Where your dollars went during TIFF

Toronto International Film Festival (TIFF) has come and gone once again, but did it leave a positive financial impact? This Thursday our Chief Product and Partnership Officer Malcolm Fowler was on Breakfast Television to discuss TIFF spending, and provide an analysis of what this spending data means. Make sure to give this short video a watch!   

3. Christmas Trees With Mobile Payments? That’s Amazon’s New Plan.

It never seems to be too early to start talking about the holidays, and Amazon is ready to capitalize on that conversation early this year. The next great idea? Purchasing your fresh Christmas tree on Amazon, and having the freshly cut tree shipped directly to your door. This new shopping may be a little impersonal, but it could help ease the stress that comes from a cold outdoor shopping trip in December to pick out your tree.

4. Nearly 1 in 2 payment transactions in Europe are now contactless

Contactless payments are quickly prevailing in the European payments industry, so much so that they’re nearly 50 per cent of the transactions made in the continent! From transit systems going contactless to the overall surge in digital wallets, Europe has become the forerunner in contactless payment technology.

5. From Startup To Global Payments Giant: Visa Turns 60

60th birthdays are a big deal, especially for a company as significant as Visa! This week Visa celebrated their 60th birthday, a milestone that many companies look to reach. What once began as a small startup in northern California has turned into one of the biggest credit card issuers on the planet, with 3.3 billion cards, 46+ million merchants, and 16,000 financial institutions in its network.

Want to learn more about the news making headlines in the payment industry? Make sure to take a look at our recaps from September 10 to 14 and September 3 to 7.

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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This Week in Payment News – September 10 to 14
This Week in Payment News – September 10 to 14