Digital Payments
Globally, Alternative Payment Methods (APMs) inched past card payments for the first time ever with 51% of market share.
It is also likely eWallets will overtake credit cards in the global eCommerce market by 2019.
Monetizing Digital Games
Free-to-play MMO and mobile games generated two-thirds of the $63.7 billion global digital gaming market in 2015. The most lucrative games are becoming “services,” which may be downloaded for free, but are financed through steady digital transactions.
Payoneer & Digital River
Payoneer and Digital River have teamed up to transform the way businesses send and receive cross-border payments. Today, Digital River’s solution enables merchants to process online payments using more than 200 international payment options and over 170 currencies.
PayCube
CardWeb.com’s CardData database of Company Profiles today features PayCube, a specialist in domain driven software development and delivery.
Payza Launches Bitcoin in 190 New Markets
Payza payment platform and services for ecommerce has taken the lead in the international Bitcoin market. The company is offering members the opportunity to withdraw funds from their Payza eWallets directly into their Bitcoin wallet. The Bitcoin payments are based on the exchange rate of both U.S. currency and Bitcoin value at the time of transfer. Payza consumer exchange rates will be locked in at the moment of the transaction. All transactions, no matter which of the 21 currencies Payza currently handles, will be completed using the U.S. dollar currency rate at the time of the transaction.
Allied Wallet Now a Licensed MasterCard Issuer
Allied Wallet online payment processing is now licensed to issue MasterCard and Maestro cards.MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied Wallet has been deemed a licensed issuer of MasterCard or Maestro cards, servicing various regions of Europe including the United Kingdom, Germany, France, and Spain. This issuing license will allow Allied Wallet to issue payment cards to its eWallet members, giving them the opportunity to spend the money saved in their eWallets at any storefront that accepts MasterCard or Maestro. Allied Wallet already supports over 100 million users. This issuing license is a large step for the company, but the rewards will benefit Allied Wallet users most. All users in supported regions will be eligible for MasterCard or Maestro card issuing.
GoNow Issued Patent for Mobile eWallets
GoNow Technologies has been granted a patent by the U.S. Patent and Trademark Office for two-way, secure, wireless communication between a smartphone or other computing device and a reprogrammable card with data storage in a fully encrypted, secure element on the GoNow Card. The value of a reprogrammable card, paired with an eWallet on a smartphone, has now been recognized as the key way to enable 100% acceptance of phone based eWallets. When paired with any eWallet application on a smartphone, a single reprogrammable GoNow Card can store more than 50 credit, debit, ATM, loyalty or gift cards. The user simply selects the payment or other card on the phone eWallet, or from a set already on the card, and the magstripe on the card is instantly programmed with the key data for the card selected. The GoNow Card can then be used at any traditional magstripe, Dip, ATM or other reader, with no changes necessary to current retailer terminals or back office systems.
Payoneer Partners with Quantium Solutions
Payoneer announced today it has signed a partnership with Quantium Solutions Inc. of Japan to provide global cross-border payment solutions for Quantium’s international e-commerce and mail-order business operators. Under the terms of the partnership, Quantium customers can become Payoneer accountholders, so they can more easily receive commercial payments from companies in the U.S. and around the world. Payoneer’s secure and trusted service can be utilized by a wide range of international e-commerce and mail order business operators, providing customers with full control over their money and providing the ability to withdraw funds to their local bank account or at local ATMs. Payoneer offers multilingual, 24/7 customer service and web support, and mobile applications for users across the globe.
GlobalCollect Grows Asia Pacific Presence
GlobalCollect announced the further expansion of its Asia Pacific operations with the opening of their Shanghai office, with plans to expand to Beijing, as well as into Japan and Australia. These offices are in addition to the regional headquarters opened by GlobalCollect in Singapore in 2008. The expansion into the People’s Republic of China is in support of GlobalCollect’s commitment to customer advocacy and its mission to deliver outstanding customer service. GlobalCollect is the preferred payments partner for hundreds of international Tier 1 brands including regional companies like Air China, Hainan Airlines, Lightinthebox, DHgate, DinoDirect and SmartBuyGlasses.com Optical Group. GlobalCollect contributes to the growth of these companies through its broad global portfolio of more than 150 local payment methods, enabling transactions in more than 170 countries around the globe through a single contract and technical interface.
GlobalCollect Offers BOKU mPayment Checkout
BOKU and GlobalCollect online payment services in the eCommerce market, announced today GlobalCollect has selected BOKU as its global mobile payments partner. The partnership integrates BOKU’s payments platform into GlobalCollect’s international payment network, allowing online merchants to accept mobile payments at checkout. Using BOKU’s bank-grade mobile payments technology, GlobalCollect merchants can enable their customers to make purchases online via their mobile phone number; charges appear on their operator bill. The partnership with GlobalCollect reinforces mobile payments as a mainstream payment vehicle helping merchants to acquire new customers, and provides consumers with a simple and seamless checkout experience.
GlobalCollect and Newzoo Offer Insight on Video Game Monetization
GlobalCollect premier payment service provider of local e-payments has extended its partnership with games research firm, Newzoo, to provide fresh data on key emerging and western markets for 2012. GlobalCollect will again sponsor Newzoo’s suite of consumer research in 2012, publish unique joint insights and organize webinars centered around the hottest topics in the games industry. The partnership combines the payment processing and monetization expertise that GlobalCollect has developed servicing the worlds’ largest game companies with the consumer insights provided by Newzoo. One of the key objectives of the co-operation is to increase transparency of emerging markets. This is illustrated by the joint effort to profile game preferences and spending behavior of 30 million active internet users in Turkey and 18 million in Poland.
GlobalCollect Appoints Global Market Directors
GlobalCollect premier payment service provider for e-payments appointed Pier Iberti as Global Market Director Retail, and Nathan Salisbury as Global Market Director Gaming. Their appointment is the next step in GlobalCollect’s global vertical market strategy to focus sales, product innovation and marketing on key growth industries for eCommerce. Both Global Market Directors are business leaders and have an excellent track record in thought leadership in their respective verticals, which will ensure the increase of the company’s growth in the Gaming and Retail markets. Iberti has worked for the last two years in a Business Development Retail role for the North American region confirming her broad experience acquired previously working with retailers. Nathan Salisbury, as part of the European Business Development team will be heading the Gaming vertical. Prior to GlobalCollect Mr. Salisbury worked for more than 10 years in a variety of sales leadership roles for media and technology companies.