Morning Brief 3.5.20: Paytm closes offices after positive coronavirus test
The information you need to start your day, from PaymentsSource and around the web:
Paytm has temporarily closed offices in Gurugram and Noida after a staffer who had traveled to Italy tested positive for COVID-19.
The Indian financial services company also asked all employees to work from home for at least two days while the Gurugram office gets sanitized, reports Economic Times in India.
Companies globally are forming continuity strategies to respond to the coronavirus. JPMorgan Chase, for example, is testing a strategy that could have thousands of staffers working from home.
The National Bank of Fujairah has added support for real-time cross-border payments through the RippleNet network.
The bank, which is based in the United Arab Emirates, hopes to provide remittances in India, where it has a large consumer base, reports Finextra. The deployment will also include end-to-end tracking.
Ripple's blockchain was initially a rival to banks for international payments, though it has added bank partners over the past few years.
Most French companies are required to support employees' lunch, creating an opportunity for voucher company Lunchr, which has rebranded as Swile and added a payment card.
Swile is aimed at smaller businesses, which usually hand out vouchers for lunch, explains TechCrunch, adding larger companies build cafeterias.
By switching to a payment card over a voucher, Swile can link to a debit account to provide flexibility for users.
U.K. fintech Revolut has added support for donations to Medecins San Frontieres, tapping the philanthropy use case that's often useful in building adoption of digital payment rails.
The 48-year old NGO, called Doctors Without Borders in the U.S., sends medical teams to respond to humanitarian emergencies or areas with low medical coverage.
Current projects include medical support for a refugee crisis in Myanmar, a civil war in Yemen and political violence in northeast Nigeria. The organization has also worked with Apple Pay to boost digital donations.
From the Web
Credit cards vulnerable as gas pump upgrades enter final stretch
BOSTON 25 NEWS | Wed March 4, 2020
Gas pumps across the country must upgrade to EMV or chip card technology by October of 2020. Technology experts tell Boston 25 News the deadline is sending thieves into a frenzy to target credit accounts while they still can. Those stations that are not in compliance yet could be open to of the most lucrative scams going: credit card skimmers.
Bitcoin Could ‘Moon’ If Jack Dorsey Is Ousted From Twitter
FORBES | Thu March 5, 2020
The bitcoin and cryptocurrency community was worried by news last week the powerful Wall Street activist investor Elliott Management has bought $1 billion worth of Twitter stock and is working to oust Dorsey from the company he helped build. Dorsey's support for bitcoin during his leadership of Twitter has been good for crypto's image—but it's Square, not Twitter, that will make bitcoin mainstream.
Uphold's New Debit Card Lets You Pay With Bitcoin, XRP and Gold
COINTELEGRAPH | Wed March 4, 2020
Digital payment platform Uphold has announced a new debit card, allowing users to pay with converted crypto, commodities and cash. Uphold’s new multi-asset debit card allows United States-based participants to spend assets held in their Uphold accounts at any Mastercard compatible location, a representative from Uphold told Cointelegraph in an interview.
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