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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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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. Users of Samsung’s Money by SoFi will be able to tap discounts for a variety of Samsung products, from Galaxy smartphones to washers, refrigerators and more. .

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Hive Project Taps Into Cryptocurrency For Invoice Finance

PYMNTS

“The Hive Project helps small businesses automate invoicing and payments, delivering the benefits of blockchain innovation to commercial entities previously deprived of ready access to finances,” said Richard Titus, former SVP of Samsung Electronics Visual Display, CEO of Prompt.ly, and current advisor to the Hive Project.

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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. Alipay, and the wider Alibaba Group, have truly set the global pace on retail innovation and the app economy. tkowski, CEO, Klarna. . Klarna added over 75,000 new merchants last year. billion.

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Q&A: The Next Leg Of Fintech Innovation

CB Insights

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. Free Download: State of Fintech q2’20.

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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.

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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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