Android Pay Adds International Remittances

WorldRemit might become a major player in the remittance and finance business because it has raised $148 million in venture capital. The next logical step for WorldRemit will be to launch its own digital wallet.

Read more

PayPal’s Extraordinary Growth Continues

PayPal sees a bright future for P2P and is betting big on the technology. The company acquired the Canadian cloud-based payment processor TIO Networks for $233 million in February, a press release indicates.

Read more

Tim Cook: Apple Pay Grew by 450%

Tim Cook is hiding some important data about Apple Pay, for example he did not say how many users the digital wallet actually has. Cook’s omission of that important detail was deliberate; because it would show small Apple Pay’s footprint really is.

Read more

Insurance Added to India’s Most Popular Digital Wallet

Wallet Insurance will cover Paytm users for losses due to fraud, theft, or loss of phone of up to 20,000 rupees ($311.87), Initiate India reported. There is no charge for Wallet Insurance as long users have the latest version of Paytm installed on their device.

Read more

Does Square Make Money?

Square (NYSE: SQ) is one of those companies that looks like it would be a great value investment on paper.

Read more

eBay is Still a Better Investment than Amazon

There is also one very ugly number in eBay’s financials and that’s cash from operations. Over the course of 2016 the amount of cash flowing through eBay’s till fell by $1.207 billion, and that occurred in eBay’s first year without PayPal.

eBay reported $4.033 in cash from operations at the end of fourth quarter 2015, and $2.826 billion in cash from operations on December 31, 2016. This is worrisome because all the additional revenue growth does not seem to be translating into additional cash.

Read more

Android Pay Now Supports PayPal, Discover and Visa Checkout

Among other things that means Android Pay is now accepted at all Walgreens (NASDAQ: WBA) drugstores, Payments.com reported. It also means but Android Pay can now be integrated with Walgreens Balance Reward card program much like Apple Pay is. Unfortunately Walgreens was the only store mentioned in news stories about the new registers.

Read more

PayPal Keeps Growing and Growing and Growing

That makes PayPal a growth stock that generates a lot of cash. My guess is that it will pay a nice dividend day, but until then it will generate a lot of cash and grow systematically. PayPal is on track to becoming a payment industry giant that might outstrip such historic rivals as American Express (NYSE: AXP) at some point.

Read more

US Bancorp the Value in Banking

I’ve begun to really like bank stocks lately because they’re cheap and fast-growing but produce a lot of income. One

Read more

MasterCard Joins the Payment App Wars

MasterPass looks like a serious contender in the payment wars that has a few advantages over Apple Pay. A big one is the existing MasterCard payment network. One critical step the company has done is to get the big monster banks including BOA and Citi (NYSE: C) onboard. Notably missing is Chase which is pushing its own Chase Pay solution.

Read more