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Deutsche Telekom and Wirecard Team up for Mobile Payments
PayPal Competitor WePay Introduces New API, Drops Prices
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myTaxi has introduced a mobile payment solution for its taxi app that connects passengers and taxi drivers, making conventional taxi dispatch services obsolete. From now on myTaxi passengers can use the myTaxi app to order a taxi and pay for the journey.
The myTaxi founders Niclas Mewes and Sven Külper point out that their solution is the first mobile payment system that works without relying on additional hardware such as an external dongle, NFC-tags or QR-codes. “With myTaxi Payment, from now on, passengers will be able to travel by taxi without needing cash. They simply pay both cardless and cashless“, commented Mewes.
In order to use myTaxi, users have to download the myTaxi app. If they want to use the mobile payment feature they have to enter their payment details as well. MyTaxi is working with PayPal and payment service provider Wirecard to provide the payment service. The cab driver has to pay a 3.9% fee + €0.21 for each successful myTaxi journey – there is no extra charge for the passenger.
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Lekkerland are expanding their strategic alliance and announce BarPay, a new e-commerce payment method in Germany.
In cooperation with Berlin-based EZV Gesellschaft für Zahlungssysteme, the companies have developed BarPay to allow cash payments for products ordered online. The new payment service enables customers in Germany to order goods or services on the Internet and to pay for them in cash at 18,000 petrol stations, shops and kiosks supplied by Lekkerland network in Germany. BarPay is designed for consumers that don’t have access to credit cards, don’t want to pay in advance, or don’t trust in online payment services such as PayPal.
According to Lekkerland the flexible opening hours of convenient stores and petrol stations make BarPay a user-friendly payment method. The company’s Executive Vice President Jonny Natelberg commented: “Our national infrastructure ensures that almost all consumers can reach one of our BarPay acceptance agents within a maximum of ten minutes.”
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Systems@Work Pte Ltd headquartered in Singapore for €34 million in cash.
Systems@Work, is one of the fastest growing electronic payment providers for banks and merchants in in Asia. Under its brand TeleMoney the company provides payment processing services for e- and m-commerce as well as point-of-sale in East Asia. Among its more than 500 business customers are big brands such as Carrefour, Starhub and the Singapore Land Transport Authority, the DBS and other major banks in the region. Dr. Markus Braun, CEO of Wirecard AG commented: “With this transaction we strengthen our position in East Asia and grow our regional customer portfolio further. Systems@Work’s approach to rely primarily on Internet technologies for payment processing matches our own strategy“.
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Jumio’s Netswipe solution turns a webcam into a credit card scanner. The camera analyzes and verifies the physical credit card in real time. Card holders only have to approve the transaction by entering the security code number and the additional security and authentication mechanism 3-D Secure of Visa and MasterCard. The service supports Visa, MasterCard, JCB, Diners Club and American Express credit cards.
Online merchants can benefit from higher conversion rates and less card fraud. For consumers online payments are becoming simpler as the manual input of card details is not necessary anymore. Daniel Mattes, founder and CEO of Jumio, said: “Our Netswipe solution transforms any computer with a webcam into a card reader. This means that users no longer have to input long credit card numbers, with the risk of error that this entails, and traders can rest assured that the buyer’s card is physically present, just like at a point of sale.”
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Wirecard Group and RatePAY announced a strategic alliance in order to offer installment payments for online purchases. In future, both companies will jointly offer RatePAY installment payments for the German market. Online shop operators who already use Wirecard solutions can expand their range of payment methods by adding RatePAY installment payments. RatePAY will be in charge of processing the purchase for online retailers while Wirecard provides the financing services, including the payment guarantee.
Michael Brinkmann, EVP Partner Management for Wirecard AG says: “Together with RatePAY, we offer our corporate customers both additional comfort when approaching customers, and also support, in particular, in developing additional sales potential and increasing liquidity. Retailers can approach totally new customer groups with installment payments.”
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