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Four Indian Startups Garner $8.5M From Samsung Venture

PYMNTS

Samsung Venture Investment Corporation (SVIC) announced on Wednesday (July 10) an $8.5 According to Aloknath De, corporate vice president and chief technology officer at Samsung R&D Institute in Bengaluru, SVIC focuses its tech investments on early stage and growth-stage Indian startups in India.

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The Mobile Banking and Payments Summit – Impressions from Day 2

Celent Banking

There’s still plenty of fragmentation in the market : Android is an open system utilizing Host Card Emulation (HCE), while Apple is a closed system using a secure element. Getting the marketing right is tough : Often, the mobile wallet really isn’t about the payment so much as the experience around the payment.

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Mobile Payments: What’s In It For Me?

PYMNTS

South Korea has 11 mobile payment services such as KakaoPay, Naver Pay and Samsung Pay, and around 28 million cards were loaded onto users’ smartphones in the second quarter. “You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International.

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Big Tech’s Big Shadow Over FIs

PYMNTS

If issuers and banks don’t do that, he said, Apple, Google, Samsung and a whole host of Big Tech players are ready to step in and do so — taking away FI customers in the process. Narayan said that partly means using some of the best user experience (UX) innovation that tech players have brought to the space.

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Fintech Trending: Look Who’s Chasing Venmo, Student Loan Servicing Falls Short

Fintech Labs Insights

While there is no word yet on UI and UX specifics such as emojis with special powers, gifs, and social feeds, there have been a few questions about the name Zelle, which Urban Dictionary defines as, “a girl who is attractive and intelligent.” Samsung Pay. Competition and Markets Authority. Android Pay. Walmart Pay.

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