Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping.
Chinese tourists visiting Spain will be able to shop at Spanish stores using their Alipay mobile wallets through an agreement between BBVA Group and Ant Financial Services, the Alibaba affiliate that operates Alipay.
Several leading banks and corporations in Spain are launching a cross-industry development platform called Red Lyra, leveraging blockchain technology to streamline the creation of services that use digital identities.
After launching a mobile pre-order and pre-pay app at Five Guys burger locations in Paris and Madrid, Ingenico ePayments is preparing to make the system available at the chain's restaurants throughout Europe in the coming months.