Morning Brief 11.26.19: Mars seeks new shelf space in checkout-free retail
The information you need to start your day, from PaymentsSource and around the web:
Candymaker Mars Wrigley has partnered with Standard Cognition to explore how autonomous checkout technology affects the impulse-buy category, when consumers in the last stage of the shopping journey reach for treats near the point of sale.
Because most of Mars’ products including chewing gum, mints and chocolate are purchased in the checkout lane, the company is eager to remain relevant as cashierless checkout technology from companies like Standard Cognition evolves, according to a press release.
Standard Cognition also is interested in solutions for last-minute treats and rewards in autonomous checkout environments.
Friends with PayPal
Discover cardholders can now use their credit card rewards to make PayPal purchases.
Customers who link any Discover card to PayPal when they shop online or in apps may instantly redeem any amount of their rewards on eligible purchases at the checkout, according to a press release.
The move builds on Discover’s ongoing collaboration with PayPal. Discover added PayPal as one of its 5%-back purchase categories earlier this year. Discover's decision to extend its card rewards to PayPal merchants comes about a month after Amex announced a similar credit card rewards-redemption deal with PayPal.
Apple Card has added Nike to the growing list of retailers where cardholders can get 3% back if they pay via Apple Pay, according to TechCrunch.
Apple Card users can get 3% Daily Cash at Nike stores, Nike.com, in the Nike app and at SNKRS, Nike Training Club and Nike Running Club.
Other retailers offering 3% Daily Cash when using Apple Pay with Apple Card include Uber, Uber Eats, Walgreens and Duane Reade and T-Mobile. All other Apple Card purchases made with Apple Pay net 2% cash back and purchases with the physical card earn 1% cash back.
Commonweath Bank of Australia has followed the example of BBVA Compass and Barclays by installing lockers for Amazon deliveries in several Sydney branches, reports Finextra.
The majority of CBA’s customers said in a recent survey that having choices for e-commerce deliveries is a top priority.
From the web
Argentine fintech Ualá raises $150M led by Tencent and SoftBank
TECHCRUNCH | Tue November 26, 2019
Ualá, an Argentine personal finance management app, has raised a $150 million Series C led by Tencent and SoftBank’s Latin America-focused Innovation Fund. Ualá is a mobile banking app and lending platform with services similar to Revolut, Monzo and Nubank.
Singapore fintech Osome raises US$3m to expand to UK, Hong Kong
THE BUSINESS TIMES | Tue November 26, 2019
Digital business services startup Osome said it has raised US$3 million from venture capital firms led by existing investor Berlin-based Target Global, with participation from Phystech Venture and AdFirst.
Payments platform 2C2P raises $71m for expansion
THE STRAITS TIMES | Tue November 26, 2019
Regional payments platform 2C2P, which helps airlines, travel companies and online shopping malls handle payments from customers in the region, has raised US$52 million (S$71 million) from investors, including the World Bank's International Finance Corp, Cento Ventures and Arbor Ventures, to fund expansion.
More from PaymentsSource
Fiserv to court basketball fans with First Data's Clover tech
The mobile point of sale platform Clover was a star in First Data’s attempts to diversify beyond payment processing. First Data's new owner, Fiserv, sees a similar role for Clover — with sports becoming a prime venue.
Paytm raises $1 billion at $16 billion valuation
India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up.
Congress can work around court’s nixing of OCC fintech charter
Former Comptroller Thomas Curry, who initially proposed the special charter now blocked by a judge, calls on policymakers to find another way to regulate financial tech startups.