What's New in Payments

Uber moves into financial services with new Uber Money division

Uber announces deeper push into financial services with Uber Money — CNBC — “The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its four million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride. Uber could one day offer a bank account to consumers on its platform, according to Uber Money head Peter Hazlehurst.”











Transit Ticketing Today

Zhengzhou Metro rolls out face recognition ticketing

Face-scanning metro check-in and payment launched in central China — Xinhua — “Zhengzhou Metro in central China’s Henan Province has ushered in the face-scanning era, as a new check-in and payment system based on facial recognition was launched on Friday… It is the first face-scanning metro check-in and payment system in the country launched along a full metro line, providing passengers with a better experience of quick pass access and automatic ticket buying.”



What's New in Payments

China to move to common QR payments standard

In depth: The fight for dominance in China’s mobile payment market — Caixin Global — “Under the plan, by the end of 2021 all merchants will be able to use one universal barcode to facilitate transactions through different payment service providers, including banks, Alibaba’s Alipay and Tencent’s WeChat Pay. Currently, payment providers issue different barcodes that can be used only on their own services.”


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