3.26.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Domino's had a widely used payment app as early as 2013 and a smartphone presence that goes back almost ten years. The pizza chain has now made its move into in-car commerce.
Domino's has entered a partnership with Xevo Market, a commerce platform for connected cars, to support orders directly from their car's touchscreen. The app includes an order tracker and store locator.
The order feature will be automatically loaded on millions of cars that have the Xevo app, starting later this year. Xevo also partners with automakers such as Hyundai.
Developers are figuring out how robots can be used for delivery and other shopping services, and are making headway at colleges.
Starship Technologies, which has deployed robot delivery at George Mason University in Virginia, has added Northern Arizona University in Flagstaff to its client list. It's one of the first deployments of sidewalk delivery robots in Arizona, reports VentureBeat.
Retailers for the Northern Arizona University deployment include Cobrizo Mexican Grill, G's NY Style Deli, and the Wedge Market and Pizza. Deliveries cost $1.99 and embed in meal plans.
One of the reasons the challenger bank gave is lack of usage, reporting only 0.1 percent of its customers have ever deposited a check. Monzo also plans to shorten clearing times for deposits from about five days to two by the third quarter.
The check imaging system was introduced in part to reduce the expense of processing a lower number of paper checks, though Monzo's rate is likely far below what the imaging scheme had in mind.
Big Blue blockchain
IBM's blockchain is picking up steam for cross-border uses cases, adding Forex company Currency Matters, which has joined the IBM Blockchain World Wire network.
The network will give Currency Matters access to international real-time payments, more than 50 countries and 30 bank partners, reports Altcoin Buzz.
IBM set up the network to reduce processing time for cross-border payments from several days to a few minutes. It's one of several companies using distributed ledgers to entered the cross-border payments market over the past several years.
From the Web
Mastercard to invest $300 million in Network International IPO
Reuters | Tue March 26, 2019 - Global payments giant Mastercard has said it will invest $300 million as a cornerstone investor in the planned London float of payments processor Network International. Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year.
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
TechCrunch | Mon March 25, 2019 - Australia-based Airwallex announced that it has closed a $100 million Series C round that values its business above $1 billion. Airwallex provides a service that lets companies manage cross-border revenue and financing in their business much like an alternative to consumer-focused service TransferWise.
Yunji, a startup that enables social commerce via WeChat, files for $200M US IPO
TechCrunch | Mon March 25, 2019 - Another emerging e-commerce player that has leveraged WeChat is gearing up for a listing in the United States. Yunji, which was founded in 2015, is raising up to $200 million. Yunji bills itself as a “social e-commerce” service, which means it takes advantage of social relationships on apps like WeChat to acquire, engage and sell to users.
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