E-money blog

Turkish payment provider launches a Google Glass app

Turkey’s Bankalararası Kart Merkezi (BKM) has introduced a Google Glass app that allows users make online payments through QR codes and voice commands. With the app a Glass wearers get access to the firm’s Express digital wallet, where cards from 16 local banks can be stored. The new app allows Glass wearers speak to access the firm’s Express digital wallet, … Read the rest of this entry

Starbucks to launch order and pay service via smartphones in 2015

Starbucks, coffee and tea retailer with one of the largest loyalty programs, will launch an order and pay mobile service in 2015. The new service will also include a delivery. The coffee retailer, which conducts nearly 7 million mobile transactions a week, is a strong player in the market of mobile commerce with their apps that allow customers to pay … Read the rest of this entry

New insights in income and wealth inequality

Income and wealth inequality is a problem of every society, as it’s harmful for the economy in general. It is assumed that people in an unequal economy spend less, which implies the absence of economic growth. According to economist Larry Summers, middle-class or low-income families are focused on surviving while prosperous ones tend to invest their incomes. Not everyone agrees … Read the rest of this entry

Polish hospital to accept Bitcoin payments

A private hospital in Warsaw, running by the Medicover Group, will soon be accepting Bitcoin from patients. In order to facilitate the process, Medicover Group plans to launch a Bitcoin ATM at the facility in the nearest future. The hospital will accept payments for a wide range of healthcare services, including major surgery, the chain said. Medicover hospital in Warsaw treats  more than … Read the rest of this entry

Russia: eBay Integrates Visa QIWI Wallet

eBay, the global online marketplaces,and QIWI, a leading Russian-based payment provider, has partnered to integrate Visa QIWI Wallet as a payment option on eBay in Russia. The additional payment option on eBay along with PayPal and credit cards, will allow eBay customers to make online purchases in a simple and secure manner. The service will be available for all Russian … Read the rest of this entry

Payza allows new merchants to accept online payments

Payza has started to allow new merchants to accept online payments. A merchant needs to sign up for a Payza business account, complete and submit the website review form, and integrate Payza’s ‘Buy Now’ button scripts into their website to start accepting payments. The innovation aims to attract new merchants to the platform. Recently, Payza has expanded the number of … Read the rest of this entry

Google helps retailers to anticipate buyers needs

Google has re-launches an analytical tool – Consumer barometer- that will help online retailers to get all necessary information about customers needs. The Consumer barometer allows businesses to download tailored data, as well as e-commerce market information regarding consumer behavior from 46 countries. This data can be compared and filtered in an unlimited number of ways. The tool also features … Read the rest of this entry

Facebook will not launch its own payment system

Facebook CEO and co-founder said that Facebook is a collaborator and not a competitor when it comes to electronic payments. ‘Payments is an important part of the online business ecosystem, but we’ve traditionally thought about this as something that we’re going to partner with other companies on to enable great solutions, rather than trying to compete and do it as … Read the rest of this entry

Innovations in Bitcoin Wallet Security

Nowadays it is time to take the problem of bitcoin wallet vulnerabilities seriously as a lot of Bitcoin holders suffer losses from attackers. The good news is that hardware wallets with remarkable features – Trezor and BTChip – have finally appeared which protect from computer viruses that rob software wallets. This article is an attempt to summarize all the known … Read the rest of this entry

Banks increase spending on innovations

According to the latest data from Efma, in order to confront the threat to the established hegemony from technology companies, telcos, and emerging startups, financial institutions are raising their innovation spend significantly. 84% of 100 banks polled by Efma, on behalf of Infosys, say they plan to increase investment in innovation spending over the next year. Sixty-one percent of the … Read the rest of this entry