Payments round-up: 9 November 2017
It’s been offering cross-border payments in India for a decade, but PayPal has now launched domestic operations in the country as it looks to take on Paytm and Amazon Pay. The firm says Indian consumers can now transact with PayPal with some of India’s marquee merchants including BookMyShow, Makemytrip, PVR and Yatra. These merchants can process both local and global payments for PayPal’s 218 customer accounts around the world through a single integration.
Anupam Pahuja, MD, PayPal India, says: “Developing economies are strongly driven by aspirations India presents opportunity in the digital space. India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale. For us, the marathon has just begun.”
NCR Corporation, in collaboration with Samsung Electronics America, has launched NCR Silver Quantum, an “all-in-one” point-of-sale (POS) commerce station featuring an integrated payment device with mobile wallet acceptance capability, customer display, loyalty scanner and Samsung Galaxy tablet.
The tablet serves as an employee interface and is pre-loaded with the NCR Silver Android POS app, which offers inventory management, marketing support and sales reporting once activated through NCR.
Scotiabank Masterpass stores a cardholder’s payment information in one place. Mastercard says the customers will be led through a tailored registration experience where they can choose from their Scotiabank debit and credit cards every time they shop. All payment information, including card details and shipping information, is included in the Masterpass wallet.
Australian domestic debit network Eftpos has launched a new service to help its members resolve disputed transactions via a centralised dispute processing solution.
Eftpos acting CEO, Paul Jennings, says this service “becomes increasingly significant, supporting consumer comfort levels, as Eftpos moves into digital payments and Eftpos Tap & Pay”. Eftpos states that it accounts for around two billion CHQ and SAV transactions in 2017 worth $130 billion.