Walmart has been expanding its omnichannel capabilities across its three segments that are Walmart US, Sam’s Club, and Walmart International. The individuals of the organization, as well as the technologies, are all dedicated to providing consumers the opportunity to shop both through e-commerce as well as through retail stores. This helps individuals to have access to all … Read more
The Federal Trade Commission (FTC) is taking action against Doxo by saying that the bill-payment organization misleads the customers as well as tacks junk fees. The Federal Tax Commission’s complaint alleges that Doxo buys search engine ads which appear when the consumers search for organizations that have billed them. Further, the landing pages of Doxo imply a … Read more
It’s not specifically called “WalmartCoin” yet, but that’s the phrase that’s getting bandied around on more than one front. A recently-filed application with the US Patent and Trademark Office makes it clear that Walmart wants a shot at the cryptocurrency market, and is planning to follow in Facebook’s steps with Libra to get there. The … Read more
A maturing market commonly features business closures and consolidations, mergers and acquisitions, as firms build their markets and some just find themselves unable to hack the growing competition. One such shutdown recently came to light, as Circle Pay announced it was beginning a “multi-phase wind-down,” which would conclude on September 30. Those who don’t extract … Read more
We’ve long considered Starbucks the poster child for in-store mobile payments, because not only has it vaulted to prominence based on what it’s done in the field so far, but also how it’s addressed setbacks caused by that success. And indeed, it’s been top of the heap for a while, but a new report suggests … Read more
Sometimes it might seem like the mobile payments market is a bit stagnant. Sure, we hear about new developments all the time, and new use cases keep cropping up, but it doesn’t often seem like we see a lot of people pulling out their smartphones at restaurants or retailers. A new report from IT Intelligence … Read more
I don’t know whether this plan is crazy or brilliant, or somewhere in between, but it’s definitely audacious. Recent reports emerged that Paytm—one of the biggest names in India’s mobile payments scene—is considering an expansion effort, and it’s targeting developed markets for its next big push. Paytm’s chief financial officer, Madhur Deora, took the stage … Read more
BANGALORE, August 27, 2018 /PRNewswire/ — Nreach Online Services Pvt. Ltd. (Xoxoday) is planning to raise US$ 5Mn to enhance its technology offerings and international expansion. The Bangalore based startup which was founded in August 2012 has seen over 160% of average annual revenue growth with a very capital efficient model. Xoxoday has worked with … Read more
Mobile payments are a convenient option for making payments, but effectively managing expenses is critical for businesses, particularly around tax time when identifying deductible expenses can significantly reduce tax liabilities. Recently, Certify enhanced its capabilities in expense management through the acquisition of Abacus. Abacus is noted as the first company to offer real-time expense reporting … Read more
It’s interesting, but while plenty of Americans have smartphones, their use of smartphones to make payments is actually somewhat behind the rest of the world. However, some new studies presented by The Economist suggest that this may just be a temporary issue, and that mobile payments in America are really catching on. One projection notes … Read more