Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Alipay

Opportunities

Google Tez Becomes Google Pay

The Tez rebranding is likely to convince Walmart not to accept NFC payments. Instead, Walmart will demand that Alphabet and Apple adopt QR Code.

Google Pay is likely to roll out QR Code in the United States. That will force Apple (NASDAQ: AAPL) to add QR code to Apple Pay. A natural consequence of Google Pay QR Code is PayPal adopting QR Code. The addition of QR Code to Venmo is inevitable too.

The tech giants will have to go along because Walmart is on track to generate $500.34 billion (half a trillion dollars) in revenues in 2018, Statista forecast. Access to that revenue is probably what convinced Alphabet to add QR Code to Google Pay.

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Grocery Wars

Walmart to Use Tencent Holdings’ WeChat Pay

News stories did not say whether WeChat Pay will be integrated with Walmart’s QR-code based payment app Walmart Pay. Walmart Pay is one of the fastest growing payment solutions in the United States.

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Cryptocurrency

61 Japanese Banks plan to Offer Ripple Mobile App

Money Tap will use a QR (quick read) code to communicate with cash registers and automatic teller machines (ATMs), PYMNTs.com reported. Theoretically, Money Tap would allow individuals to make brick and mortar purchases with Ripple; move Ripple funds into bank accounts, convert Ripple funds into cash and withdraw it from ATMs or cash registers, and make cash deposits through ATMs that can be converted into Ripple.

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Cryptocurrency

Alipay vs Predatory Lending

Old-fashioned predatory lending might be one of the biggest threats to cutting-edge digital payment platforms. Ant Financial learned that lesson

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CryptocurrencyOpportunities

Visa and the Value in Payments

Nor are mobile wallets such as PayPal, Apple Pay, Walmart Pay, Android Pay, Samsung Pay, and Alipay, automatically a threat to Visa’s business.

Only 16% of Americans said they had used a mobile wallet in 2015, a JPMorgan Chase survey indicates. The same survey found that only 56% of large businesses and 25% of small businesses were accepting payments from such mobile wallets.

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CryptocurrencyGrocery Wars

Surprise Walmart Pay is winning the Payment Wars

Around 6% of 58,000 customers surveyed by Forester Research said they used Walmart Pay, Bloomberg Technology reported. About 7% of the same group said they had used Apple Pay in the past three months. That means the adoption rate of the two apps is about the same.

The number of active Walmart Pay users will surpass the number of Apple Pay users sometime next year, Richard Crone; the CEO of Crone Consulting told Bloomberg Technology on 7 November. Walmart Senior Vice President for Services and Digital Acceleration Daniel Eckert thinks his company’s victory in the payment wars will come sooner than that.

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Cryptocurrency

Wells Fargo lets Android Pay and Apple Pay customers Get Cash from ATMs

Alipay has a secret weapon in its’ American invasion, Chinese visitors to the United States 400 million of whom use Alipay back home.

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Cryptocurrency

Braintree Adds Apple Pay and Android Pay in Australia

Like Apple Pay, Android Pay still has not cracked the hardest barrier of all big U.S. retailers.

Almost no major U.S. retail brands appear in the Where to Use Android Pay page at the app’s website. Such behemoths as Walmart, Amazon, Kroger, Home Depot, Lowes, CVS, Burger King, Safeway, and Target are conspicuously absent from the list. The same sorry situation is repeated at Apple Pay, where almost all the big names in U.S. retail are conspicuously absent.

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Cryptocurrency

Apple Pay can be hacked

It is possible for hackers to steal the Apple Pay “payment token” using public Wi-Fi or a fake Wi-Fi hotspot that asks users to create a profile. In other they can crack Apple Pay by using a time tested hacking tactic called Wardriving.

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Good Stocks

Chase Proves Banking is Back!!

Chase Pay will be integrated with both PayPal’s digital wallet and the Braintree merchant platform, TechCrunch reported. That means Chase Pay users might be able to use the app to pay at merchants will Braintree accounts.

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