It’s not just that credit unions compete with the likes of Apple and Uber for digital loyalty. It’s that Apple, Uber, Skype and PayPal insist on teaming up to create even more formidable alliances within the payments sphere. This week, who’s partnering with whom to help change the digital payments landscape?
PayPal Partners with Skype for P2P Payments
A new “Send Money” integrated payment feature will allow users to send P2P payments processed while chatting on the latest version of the Skype app. Users will have to integrate their PayPal and Skype accounts.
Uber and Lyft Plan Their Own Credit Cards
Uber is working with Barclaycard to introduce an Uber-branded credit card; according to recent reports, Lyft may be following suit shortly. Uber sees the card as a valuable branding and loyalty move.
The Evolving World of eCommerce Payments
According to Worldpay, there are over 300 different types of payment methods used in eCommerce, which reached $1.9 trillion in 2016 and is poised to grow at 19 percent CAGR between now and 2020.
Is Apple about to Take a Bite out of Retail Banking?
At its most recent Worldwide Developer Conference in June, Apple confirmed that it is developing its own payments service, which will be linked to Apple’s mobile wallet, Apple Pay. Is this the first step toward Apple banking? And if so, how will we all compete?
The Payment Industry’s Most Significant Acquisitions of 2017
In the first quarter of 2017, U.S. fintech companies received $1.5 billion in investments across 124 deals. In the same period, European investment in fintech companies hit $880 million across 89 deals. Which deals are likely to have the biggest impact on the future?