Morning Brief 11.20.19: Grab adds markets in Asia and the Middle East
The information you need to start your day, from PaymentsSource and around the web:
Grabbing more markets
Ride sharing app Grab has expanded to more than a dozen Middle Eastern Countries and Japan, part of a rapid expansion for the Singapore-based firm over the past few years.
The company plans to offer its full range of services, such as pairing rides with merchant payments and incentive marketing. Grab has operated mostly in Southeast Asia.
Like Uber and local rival Go Jek, Grab has incrementally added more financial services in an attempt to build off of its substantial base of enrolled users and its easy payment experience.
Fastest shopper of all time?
Sam’s Club is promoting its Scan & Go checkout technology, enabling customers to scan items as they shop and check out within the Sam’s Club app, through a multimedia campaign framing Olympic sprinter Usain Bolt at the “Fastest Shopper of All Time” thanks to the technology.
A 90-second video shows Bolt racing through a Sam’s Club gathering 20 items in under 3 minutes using the Scan & Go app—stopping briefly for refreshment—before fellow Olympian Allyson Felix threatens to beat his time.
Ad agency Mono has been working with Sam's Club parent Walmart since 2016. Walmart briefly tested Scan & Go in Walmart stores but discontinued the self-checkout process and has relied instead on its Walmart Pay approach to checking out at terminals.
Discover Financial Services has extended its longtime partnership with the National Hockey League.
Discover continues as the official NHL credit card, and is now the league’s official bank, according to a press release.
Discover also will take on the new role as title sponsor of NBC Sports’ Hockey Day in America on Feb. 16, 2020, featuring three back-to-back games. Discover continues to offer its NHL Discover it card customized for any of 31 NHL teams.
IPO down under
Tyro Payments plans to list on the Australian Securities, hoping to build on its $17.5 billion yearly processing business.
The Sydney-based firm has given a price range of A$2.50 to A$2.75 per share, which would be a capitalization of about A$1.36 billion, reports Finextra.
Tyro is Australia's fifth largest payment processor, according to Finextra. Among its recent moves is a partnership with Alipay to support merchant payments at airports.
From the web
How Alibaba powered billions of transactions on Singles' Day with ‘zero downtime’
SOUTH CHINA MORNING POST | Wed November 20, 2019
By the end of the annual 24-hour Singles’ Day shopping extravaganza, the Chinese tech giant reported a record-shattering 268.4 billion yuan (US$38.4 billion) of sales. All of this took place with “zero downtime” thanks to its cloud infrastructure and artificial intelligence (AI) technology, Alibaba Cloud said in a statement.
Western Union Selects AWS as Preferred Long-Term Strategic Cloud Provider
YAHOO FINANCE | Tue November 19, 2019
Amazon Web Services, Inc. announced that Western Union has selected AWS as preferred long-term strategic cloud provider. Western Union will be using AWS to build a more seamless and reliable experience for its customers who send money and payments to over 200 countries and territories through its mobile application, website, and agent locations around the globe.
Crypto Exchanges Are Dying, But They Won’t Fade Away
FORBES | Tue November 19, 2019
Hardly a week goes by without another exchange pulling the plug. Recently it was CoinExchange.io. The reason is not too complicated; many of the flashy coin projects that spewed into the crypto space in 2016 are dead and have no reason to trade or for that matter to exist at all. The exchanges have little business to sustain the cost of staying open.
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