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Today In Payments Around The World: India Pay-Later App Slice Debuts No-Fee Visa Card; Stripe To Buy African Payment Processor Paystack

PYMNTS

In today’s top payments news around the world, India’s pay-later app Slice is introducing a no-fee Visa Card, while Stripe is purchasing payment processor Paystack. Slice Integrates No-Fee Visa For Millennial Shoppers In India. Stripe is buying Paystack, a firm that says it processes over half the online payments in Nigeria.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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China’s Millennials Driving Mobile Payments Market

PYMNTS

Millennials in China make the vast majority of the mobile payments taking place, eMarketer reported on Thursday (June 16). million users in 2016. Mobile device users ages 21–29 and 30–39 are leading the charge in the country’s mobile payments adoption. percent annually to reach 195.3 In comparison, the U.S. can claim only about 37.5

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Afterpay Announces Nationwide Adoption By Major Retailers

PYMNTS

Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct. Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country.

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Faster Cash Back, Happier Customers?

PYMNTS

Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers.

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Robinhood Rolls Out Interest-Earning Bank Account

PYMNTS

Online brokerage startup Robinhood has introduced a cash management service that will give customers 1.8 We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. Robinhood , which launched in 2013, attracts millennials interested in trading stocks and cryptocurrency.

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FiServe Survey: More Consumers Using Mobile Bill Pay, Slowly Testing Digital Wallets

PYMNTS

According to a press release , the percentage of consumers using mobile pay rose significantly from late 2015 to late 2016, growing from 22 percent to 28 percent. Among mobile banking users, 41 percent used the service to pay bills in the past 30 days.

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