Morning Brief 9.20.19: Google Pay makes a series of releases in India

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

In the cards

Google Pay is adding support for tokenized payment cards in India, enabling both online and offline payments as India tries to migrate from a cash-heavy economy to cards and digital payments.

Tokenizing card follows other moves Google has made in India, such as opening an AI research hub, reports TheNextWeb. Google Pay this week also added features for businesses and job seekers in India, reports 9to5Google.

Google earlier this summer improved security for Google Pay in India and has been extending where the app can be used, adding support for transactions such as train ticketing.

Digital trek

Banco Santander is extending its Openbank digital subsidiary to Germany, with planned launches in the Netherlands and Portugal later this year, with an eventual move to the Americas.

Openbank's core product is a mobile app and debit card that powers payments and transfers to any EU country, as well as a charity marketplace that supports "roundup" digital donation payments as banks seek to use online channels for donations as cash fades.

The app also includes the ability to remotely turn cards off and on and block cards in a specific country or channel.


As technology companies quickly develop replacements for traditional cash registers, at least one company is selling hardware that measures how people feel about their shopping experience.

The Finland-based HappyOrNot deploys tablets in stores with simple surveys that let consumers touch on the screen to give their opinion of their experience (a basic survey would be the company's actual name as one of the choices), reports TechCrunch, noting the startup just raised $25 million led by Verdane to build out its technology.

HappyOrNot has not built a point of sale terminal, but is meant to accompany checkout-free experiences and other retail innovation that places less emphasis on traditional checkout hardware, providing merchants with data about shopping preferences and staffing.

Crypto crooks

A group of thieves called "Panda" is attacking companies that support cryptocurrency by installing malicious software inside the companies.

The crooks use remote access tools and crypto-mining, which gives access to other information at companies beyond crypto data, reports CoinDesk. The early attacks have focused on the monero currency.

The attack is particularly dangerous because it updates quickly, making it hard for security software developers to keep track of.

From the web

Ripple Asks to Toss Lawsuit Over Crypto Securities
FORTUNE | Fri September 20, 2019
The cryptocurrency company Ripple has asked a federal court to throw out a class action lawsuit in which investors allege it illegally sold unregistered securities. The case is significant because it has the potential to resolve the contentious legal question of when cryptocurrencies should be classified as a security—and expose companies like Ripple to potentially massive liability.

Deutsche Bank buys stake in a fintech company months after major restructuring
CNBC | Thu September 19, 2019
Deutsche Bank bought a 5% stake in German financial technology start-up Deposit Solutions, valuing the firm at north of 1 billion euros ($1.1. billion). The deal makes Deposit Solutions Germany’s second-largest fintech unicorn — a private business that’s worth $1 billion or more — according to publicly available data.

Thinkful confirms data breach days after Chegg’s $80M acquisition
TECHCRUNCH | Fri September 20, 2019
Thinkful, an online education site for developers, has confirmed a data breach, just days after it confirmed it would be acquired. “We recently discovered that an unauthorized party may have gained access to certain Thinkful company credentials so, out of an abundance of caution, we are notifying all of our users,” said Erin Rosenblatt, the company’s vice-president of operations, in an email to users.

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