1.18.19 Your morning briefing
The information you need to start your day, from PaymentsSource and around the Web:
Food ordering has become a major way for mobile payment apps to pick up merchant support, a trend Paytm hopes extends to India.
One97 Communications, which operates Paytm, has partnered with Zomato to provide food ordering via the Paytm app, reports NDTV. The service will start in Delhi, but there are plans to reach 100 cities covering 80,000 restaurants in a few weeks.
The delivery feature is one of several new products Paytm has added in the past year as it moves deeper into financial services and general retail, and adds new geographic markets.
On the road
Walmart wants to double its online grocery delivery footprint, adding 800 stores to its current 800 by the end of 2019 as it seeks myriad options to counter rival Amazon.
Walmart has signed Point Pickup, Skip Cart, AxleHire and Roadie to support online ordering and delivery with an option for same-day service. Walmart has also tested using its own employees to deliver groceries on their way home from work.
More recently, the retailer began testing delivery with driverless cars in the Phoenix area.
Open to sharing
As Hong Kong prepares to adopt PSD2-style open banking, it's finding a consumer base that's more open to the concept than other regions.
Half of Hong Kong residents are willing to share data with a third party if it results in more personalized services or a better rate, according to Accenture research. The survey also found only 31 percent of Hong Kong residents would not be willing to share data under these circumstances.
That's more open, so to speak, than other regions that Accenture polled. In Australia and the U.K., 66 percent and 60 percent of consumers said they are unwilling to share data with third parties for a better deal or personalized service.
Wirecard has signed a deal with Swatch to embed contactless payment technology into watches.
As of Feb. 1, Wirecard's boon mobile payment system will enable SwatchPay transactions at any Mastercard contactless retailer.
Swatch has supported mobile payments via its watches since 2015.
From the Web
New policy puts revenue squeeze on China’s payments giants
TechCrunch | Thu January 17, 2019 - The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks.
Three in five SMEs hit by cyber security breaches over last 12 months: Survey
The Straits Times | Thu January 17, 2019 - Three in five small and medium enterprises (SMEs) in Singapore have had cyber security breaches that resulted in business disruptions and data leaks over the past 12 months, a new survey reveals. But only 30 percent of those affected notified customers or employees of the data leaks, according to insurer Chubb's survey of 300 SMEs.
New U.K. Bitcoin Exchange Overwhelmed By 'Crazy' Demand Amid Brexit Uncertainty
Forbes | Thu January 17, 2019 - Hong Kong-based Binance, the world's largest bitcoin and cryptocurrency exchange by trading volume, has said it's been "overwhelmed" by registrations for its new Jersey-based trading platform, which the exchange's widely respected chief executive Changpeng Zhao, often known as CZ, put down to "crazy" demand.
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For merchants, social's the new home to build trust and transactions
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