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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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Today In Payments: Samsung Pay Launches Debit Card; Apple Introduces New eCommerce Portal

PYMNTS

In today’s top news, Samsung Pay is launching a debit card and a money management tool, and Apple has introduced a new ecommerce portal. Samsung Pay Launches Debit Card, Money Management. Samsung Pay is launching a physical debit card, and this summer the company will introduce a money management tool in partnership with SoFi.

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The Mobile Banking and Payments Summit – Impressions from Day 2

Celent Banking

With the card dip taking away from the user experience, the expectation is that mobile wallets will finally offer enough UX improvement over traditional cards that consumers might opt for them during payment. This includes Apple Pay, Android Pay, or Samsung Pay.

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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. Samsung Pay provides gift cards from Dunkin’ Donuts, and users earn money with its own rewards prepaid card. billion won from the previous quarter.

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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. Also at fault is the large, fragmented number of suppliers.

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