Booking travel arrangements online has never been faster, cheaper, or more convenient for consumers. The rise of smartphones in particular has resulted in an uplift in last minute bookings, and with the younger generation driving the digital shift, travel operators need to deploy mobile-first experiences, or run the risk of being left behind.
New research by UN-based Better Than Cash Alliance show that Alipay and WeChat Pay enabled a total of $2.9 trillion in digital payments in China last year.
The results are the company’s first since the merger of Optimal and Skrill, which joined to form Paysafe in late 2015.
Mastercard and Oracle have announced a global partnership that is set to enhance digital payments experiences for hospitality and retail chains.
A further £2.5m is expected to be raised from crowdfunding on Tuesday.
Yet more Google technology is infiltrating the payments industry.
PaymentEye met Mike Camerling, CPO at AEVI, at last year’s Money 20/20 in Las Vegas to get his take on the year’s trends, the evolution of B2B space and to see what the future holds for the payments industry.
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has secured its contract with Transport for London (TFL) for another seven years, with an option to extend a further three years.
PayPal CEO Dan Schulman is attempting to make good on his promise to better serve the unbanked.
The new feature appears closer to being fully functional than previous rumours had suggested.