This week’s roundup will feature titles on digital wallets, alterative payment methods, technological hubs. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.
- Samsung has announced its launch of a digital wallet solution in South Africa for the local market. The wallet will merge Samsung Pay and Samsung Pass to exist as a one-stop solution to replace a physical wallet and satiate the demand for convenience through mobile devices. [source: Hypertext]
The locals within South Africa will be able to benefit from a true digital wallet, with the ability to store all bank cards, loyalty cards and even travel passes. This long overdue addition to the South African market will bring much needed convenience to the mobile-first region. – Jovi
- Visa is showcasing their latest technologies as FIFA’s official payment technology partner. They installed 5300 contactless payment terminals at the official venues, and some cardholders are able to pay with a QR code instead of using a physical card, and even procure prepaid cards with animated art. [source: Finextra]
This is a wonderful opportunity for Visa to trial new and exciting payment innovations which many are curious about. The end goal of these short-term displays is to give customers easy access to simple and secure digital ways to pay. Just like Unlimit BaaS. – Jovi
- Ireland could become the next global hub for payments, as they have seen a rapid amount of unprecedented growth. The country is now home to global players whose interest in the country had been piqued, including Mastercard, Elavon, Fiserv, Coinbase and PayPal. [source: FinTech Futures]
Ireland has already demonstrated that is it the place for technologies. The government support to make fintech a priority, along with its collaborative culture and international players and financial services, makes it not a matter of ‘could’ but ‘will’ for Ireland. – Jovi
See you next week, back in the blog for your next weekly news roundup.
