PosPal, a product of China-based technology service company Zhundong Network Technologies is integrating with Powa Technologies. PosPal is currently used by more than 200,000 merchants and is now available with PowaPOS on both iOS and Android operating systems.
Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
San Francisco-based Weebly has teamed with Square. Small businesses can build a website, blog and eCommerce store with Weebly and sync it directly to their Square account, streamlining purchases both online and offline.
The number of online payment users in China neared 300 million in June 2014, while mobile payment users topped 200 million. The market is dominated by local third party payment providers, such as Alipay and Tencent. However, 99Bill, Lakala Payment and China PnR are expanding.
mopay mobile payment solutions for online merchants continued global expansion with two new representative offices in Asia. Located in Seoul, Korea and Jakarta, Indonesia, mopay’s expanded presence will support Asian online merchants to grow internationally. Since establishing its regional headquarter in Beijing in 2010, mopay has succeeded in building a well-trusted payment brand among Asian merchants, acquiring over 100 new clients in the region, including Tencent, Shanda Interactive and Changyou. Today, mopay is working with nine out of China’s top ten online game companies.
American Express and Zynga social games services partnered to launch the Zynga “Serve Rewards” digital wallet. Offering the prepaid card market a unique service with in-game incentives for everyday spending, Zynga “Serve Rewards” phased program offers participants the ability to plant an interactive Serve Money Tree for virtual awards redemption. Users just register for the Zynga Serve Rewards program to receive a Zynga Serve co-branded prepaid card in the mail; add money to the Serve account through any funding source including a bank account, debit card, credit card, or cash using a GreenDot MoneyPak; activate the Zynga card online or by calling the activations line and use it everywhere American Express® Cards are accepted in the U.S. for purchases and receive online, in-game rewards in real time.
Zynga, the world’s leading provider of social game services, today announced that Scramble With Friends is now available on Google Play – enabling even more players to get mixed up with the fun. The latest mobile game from Zynga’s ‘With Friends’ franchise, Scramble With Friends’ cross-platform availability will give players who already love a good…
Zynga, the world’s leading provider of social game services, announced the Zynga Platform, a new platform designed to bring players what they’ve asked for: new ways to play and more people to play with. As part of the initial roll out, Zynga will debut the beta release of Zynga.com, the company’s new destination for social…
American Express established a new partnership with Lianlian Group payment service company, authorizing technology and investing. With this, AmEx will license its digital wallet “Serve” commerce technology to the Zhejiang-based Lianlian Group. The Chinese company will be allowed to apply the technology in its payment services, but will not necessarily use the Serve brand. AmEx plans to expand its Chinese presence and open a new office. This after having made an equity investment of US$125 million in its new partner. This ultimately will help AmEx improve its operating leverage in China and reach out to its merchants more efficiently, compared to other foreign payment service companies.
Discover partnered with Zynga social game developer to launch the “Winter Wonderland” FarmVille expansion. The customizable holiday farm is the third expansion to be released by the popular social games developer following “English Countryside” and “Lighthouse Cove.” With this, FarmVille players can get an early start on a quest to help a friendly orange Yeti use his Discover card to do his holiday shopping. Players can click on the Discover icon located in their neighbor bar to get an exclusive sneak peek of Winter Wonderland, before it is widely available to all players. When “Winter Wonderland” becomes available to the public on December 5, players will be rewarded with a free virtual gift from Discover just for visiting Zynga’s latest creation.
American Express is set to partner with Tencent Holdings to develop a way for users of Tencent’s online payments service to buy goods outside of China. Tencent Internet company faces competition from Alibaba and Baidu in processing online payments for consumers in China. American Express has a potential upside of 20.6% based on a current price of $47.87 and an average consensus analyst price target of $57.72.