A leaked company memo has revealed that Android Pay is only days away from launching in the United States; barely three months after Google showcased the technology at its I/O conference.

‘‘We want to create a new audience to the banking system; the deposits will come from the new people who want to come to the banking platform for the first time,’’ stated Vijay Shekhar Sharma, co-founder of Paytm.

E-commerce giant Alibaba has announced the appointment of its new director, with industry veteran Wan Ling Martello now working as an independent director on the company’s board.

This infographic, designed by white label global payment gateway provider PAY.ON, uncovers the six most important “tools” of open payments, and the role they play in developing open payment technology.

Alternative Payment Providers (APP) should be subject to tighter data protection regulations, according to The Clearing House (TCH), a lobby group owned by 24 of America’s major banks.

Nick Hayek, chief executive officer of Swatch, has given his opinion on the Apple Watch, stating that the technology is ‘not a revolution’, as Swatch prepares to release its first NFC-enabled wearable device.