Articles tagged “digital payments”

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Yoolim Lee, Bloomberg

It's no secret that Go-Jek is keen to be Southeast Asia's answer to China's WeChat. Its move to expand digital payments will be a key step to gain dominance in the region.

2 months ago

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Cross-Border Payments: 4 Best Practices That Travel Providers Should Keep in Mind

Cross-Border Payments: 4 Best Practices That Travel Providers Should Keep in Mind

Flywire Payment Solutions + Skift

The travel industry has its own set of unique challenges when it comes to getting cross-border payments right. There are a few key tactics that can turn a good payments strategy into a great one.

3 months ago

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Dennis Schaal, Skift

Cryptocurrency is only in its early days, but already it's easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with all of its baggage, leading this Libra effort?

3 months ago

Japan Adopts New Payments Tech in Response to Chinese Tourism Boom

Japan Adopts New Payments Tech in Response to Chinese Tourism Boom

Sean O'Neill, Skift

Americans and Europeans who used to scoff at QR-style bar codes are going to need to learn how to use them to pay for meals, attractions, and tickets whenever they visit Japan. The reason? Swelling Chinese tourism is prompting the country to adopt China’s preferred mobile payment method.

6 months ago

$34 Billion Purchase of Worldpay May Shake Up Travel Payments

$34 Billion Purchase of Worldpay May Shake Up Travel Payments

Felice Maranz, Bloomberg

Worldpay is of the biggest players in processing cross-border payments, especially for travel companies. Fidelity National Information Services (FIS) will buy Worldpay in a $34 billion deal that will be one of the largest transactions yet in the fast-consolidating payments sector. But if the merger distracts Worldpay from expanding in emerging markets, rivals might steal share.

6 months ago

Max Levchin’s Affirm Brings Installment Payments to Travel

Max Levchin’s Affirm Brings Installment Payments to Travel

Julie Verhage, Bloomberg

PayPal co-founder Max Levchin said his new startup Affirm is piloting a new product where consumers can pre-qualify for a 20-day period with a specific merchant to add on items as they build out their trip, such as flights, hotels, rental cars, seat upgrades. The new effort will bring stiff competition to other startups like Uplift, Airfordable, and AirWallex.

10 months ago

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Travel Providers Need to Embrace Digital Payments or Risk Becoming Irrelevant

Travel Providers Need to Embrace Digital Payments or Risk Becoming Irrelevant

Wirecard + Skift

Consumers are increasingly using digital and mobile payments both while planning their trips and while in-destination –– which means travel providers looking to have a global reach need to prioritize their digital payment experiences.

1 year ago

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Dan Peltier, Skift

High upfront costs remain a barrier to many travelers who can't make a large purchase all at once. Affirm is trying to remove that obstacle and other travel brands are warming up to the monthly payments model in the process.

1 year ago

Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales

Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales

Sean O'Neill, Skift

Care to buy a plane ticket without needing a credit card? Soon a few airlines will test enabling air travelers to pay for their tickets by taking payments directly from consumer accounts. Three cheers for testing innovations.

1 year ago

Transport for London’s Adoption of Contactless Payments Really Worked

Transport for London’s Adoption of Contactless Payments Really Worked

Dave Montali, Skift

Identifying payment trends among consumers not only improves the customer experience but also allows businesses to create new operating models built around the improved speed and ease of transacting.

2 years ago

New Skift Research Report: The State of Consumer Payments in Travel 2017

New Skift Research Report: The State of Consumer Payments in Travel 2017

Dave Montali, Skift

Consumer adoption of new payment methods and devices for settling purchases is the main driver of adoption by companies. Yet travel companies can gain a valuable competitive advantage by predicting trends in payments and making payments as easy as possible for everyone.

2 years ago

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Skift Video: How The On-Demand Economy Is Reshaping Traveler Expectations

Skift Video: How The On-Demand Economy Is Reshaping Traveler Expectations

Mastercard + Skift

The rise of the On-Demand Economy, where goods and services are only a click away, has fundamentally changed the expectations of the modern consumer: we're now used to getting whatever we want whenever we want it and without friction.

2 years ago