Sat.Jul 06, 2019 - Fri.Jul 12, 2019

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Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

The move will help to push InComm beyond specialized delivery of stored-value rewards to a large and comprehensive suite of end-to-end brand-focused loyalty, engagement and incentive programs, which will have travel and merchandise redemptions as well.

St. Louis 162
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FLEETCOR’s SOLE Financial Acquisition Extends Payroll Card Portfolio

PYMNTS

In a move that extends payroll card portfolios to serve small and medium-sized businesses (SMBs), global business payments company FLEETCOR Technologies, Inc. has acquired payroll card provider SOLE Financial. In addition, SOLE has built an extensive ‘referral network’ among payroll processors and PEO firms, that we hope to extend.”.

Cards 139
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Citi Looks To Lead In Q2 Earnings

PYMNTS

Last month, Citi partnered with Grab , the ride-hailing startup based in Singapore, to issue co-branded credit cards, an effort aimed at increasing Citi’s customer base in Singapore. In May, Citi partnered with India-based Paytm to release the Paytm First Card. In a similar manner, Citi is expanding its consumer base in India.

Cards 115
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WEX Expands Visa, Shell Payments Collaborations

PYMNTS

In a press release issued Wednesday (July 10), WEX said it can now issue Visa virtual commercial cards for its corporate customers in the U.S., The cards can be issued in USD, GBP and euro, and WEX plans to add support for additional currencies moving forward.

Payments 108
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How India’s war on cash stands to hurt Visa and Mastercard

Payments Source

card brands are already pushing Indian regulators to relax their data storage rules, and a new quirk in the country’s tax code creates a battle on an entirely different front.

Taxes 71
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InstaReM CEO On Why They Want A Digital Banking License

PYMNTS

As of 2019, most consumers in most markets are familiar with the table stakes of digital financial services: instant onboarding, mobile banking apps and card control mechanisms. The offering is, at base, a souped-up, pre-paid card service offering, with some bells and whistles beyond the basic level of digital services.

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Go-Jek To Grow Thailand Food Delivery Business

PYMNTS

Go-Jek started its Thailand operations with food delivery and motorcycle rides with the Get brand, which put pressure on Singapore-based Grab. The company integrated Go-Pay into the Go-Jek app, letting customers store money on their mobile phones — much like a digital debit card.

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