What's New in Payments

Tencent launches WeChat mobile wallet in South Africa

WeChat

Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform. More









What's New in Payments

14% of US shoppers will use mobile payments over holiday season

More than one in ten US shoppers with a smartphone (14%) plan to make mobile payments using services including Apple Pay or Android Pay this holiday season, research from Bankrate reveals. “Among those who don’t plan to make mobile payments, the top reasons were not secure enough (36%) and other payment methods are more convenient (31%),” the company says.... More