Morning Brief 9.18.19: Alipay powers a bus that works like a ride-hailing app

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The information you need to start your day, from PaymentsSource and around the Web:

Home bus stop

Transit systems are quickly adopting ticketing and payment technology, with the latest deployment coming in Shanghai in the form of a bus that uses mobile technology to operate like a for-hire taxi.

Alipay is lending its artificial intelligence to the bus, which commuters order and pay for via an app — the bus then shows up at a specific location and time, as opposed to a static schedule at a traditional bus stop, reports ECNS, a local news site, adding the commutes generally take 30% less time and cost 10% less than taxi fares.

Alipay is also working with mapping app AutoNavi, and the project is part of a larger strategy to build QR-code based commuting payments over the next three years.

MLB network

Postmates is collaborating with the Yankees and Legends, a hospitality company affiliated with the Steinbrenner family, to support order and pay at Yankee Stadium.

Fans use the app to place and pay for concession orders from their seats, then pick up the items at a designated location. A limited deployment starts this week, with a broader rollout in the 2020 season.

Postmates made a similar deal earlier this year with the Dodgers, and provides order and pickup for AEG music festivals such as Coachella and Stagecoach.

Still closed

Even as digital payments take off globally, banks are still wary of open banking, the concept of consumer direct data sharing that underpins mobile financial services.

A majority of banks are more fearful than optimistic about open banking, according to Capgemini, which just released its yearly payment research report.

Non-cash payments are expanding rapidly, says Capgemini, reporting yearly growth rates of 43% in Asia, 19% in Central Europe, Middle East and Africa, and 14% in all markets. Non-cash payments are expected to pass one billion in number in the next three years.

Beer alliance

Grab and Heineken are collaborating to build the beermaker's digital business and market share in Southeast Asia.

Heineken will use Grab's mobile services, such as delivery and payments, to power last-mile logistics and improve relationships with distributors, reports TechInAsia.

Grab's core business is an Uber-style ride-sharing app. And like Uber, Grab has dramatically expanded into financial services over the past year to build on its user base.

From the Web

EU clears Global Payments purchase of Total Systems
REUTERS | Tue September 17, 2019

EU antitrust regulators have cleared Global Payment’s proposed $21.5 billion purchase of rival Total Systems Services. The European Commission, which oversees competition policy in the 28-member European Union, said it had concluded the proposed acquisition would raise no competition concerns.

GoCardless launches US debit payments solution and opens San Francisco office
TECHCRUNCH | Wed September 18, 2019

GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company has also opened an office across the pond in San Francisco’s financial district.

Square launches modern replacement for ‘outdated’ payment terminals
YAHOO | Wed September 18, 2019

Payment firm Square has launched a new all-in-one payment terminal device it says makes credit and debit card payments fairer and more accessible for businesses. The £199 Square Terminal combines a point of sale device with a payment machine which can accept all types of credit and debit card and contactless payments as well as print receipts or send them digitally.

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