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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Ant Financial is China’s biggest firm in the $27 trillion Chinese payments market and is expanding into consumer lending. For too long consumers have had to endure non-intuitive, boring and overly complex services when shopping both online and offline. tkowski, CEO, Klarna. . Klarna added over 75,000 new merchants last year.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. ’s Faster Payments real-time payments system. Morgan Enhances Virtual Cards Via Marqeta.

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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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Sizzle Or Fizzle: Prosper, Alibaba, Snapchat – And Amazon Dash

PYMNTS

Online Fraud. The latest CyberSource annual report on online fraud tells the tale of card-not-present fraud not just going down, but going down by a whole big bunch – across all channels. Mobile was down, online was down and even cross-border fraud was down. Prosper/Alt Lending. Problem – what problem?

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26 Unicorn Companies That Exited In 2018

CB Insights

Company Description: Pinduoduo provides an online platform for buying a wide range of products. Select Investors: Cathay Innovation, Gaorong Capital, IDG Capital, Lightspeed China Partners, New Horizon Capital, Sequoia Capital China, Tencent Holdings. World Innovation Lab. Exit Valuation: $29.6B (IPO). Total Funding: $110M.

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