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Samsung Pay Crosses 1.3 Billion Transactions, But Falls Short of Apple Pay

Bank Innovation

As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but its numbers still lag its main rival, Apple Pay. Samsung revealed yesterday that it had completed 1.3

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Identity As A Service To The Rescue

PYMNTS

Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Coronavirus: eBay Prohibits New Listings For Hand Sanitizer, Face Masks; Analysts Lower Facebook Revenue Estimates

PYMNTS

Samsung will move a portion of its domestic phone manufacturing to Vietnam because of the quick spread of the coronavirus and temporarily shutter its facility in Gumi, the Financial Times reported. Samsung said it would “return Gumi’s production to normal levels when appropriate.”.

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Tencent To Increase Investments In Payments

PYMNTS

Tencent, the Chinese mobile games and social media company, is gearing up to increase its investments in online payments, cloud services and artificial intelligence. It marks the biggest gain in seven years for the mobile games and social media company. Revenue increased 59 percent to 56.6 billion yuan.

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NEW REPORT: How AI And AR Give Makeup A Makeover

PYMNTS

The financial services company recently debuted a new partnership with Russian phone operator and telecom provider MegaFon. The two collaborated on a payments solution designed to enable MegaFon subscribers to make purchases or pay bills via their smartphone using Apple Pay or Samsung Pay and a linked virtual Mastercard.

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App Could Keep Fridges Full, CPG Brands Informed

PYMNTS

The app has the potential to fit into the emerging trend of smart kitchens, particularly as manufacturers of household appliances — such as Samsung — seek to integrate smart technology into their products. The company, which has operations in Silicon Valley and India, currently has seven employees. Enter Chefling Inc. ,

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In Praise Of The Selfie And The Commerce It Drives

PYMNTS

McDonald’s, the high holy of fast food culture, marked National Selfie Day with a promotion that gave out styluses with which customers could operate their phones without using their “greasy” fingers, according to The Washington Post.

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