Morning Brief 8.30.19: Paytm plots move into mobile health care payments
The information you need to start your day, from PaymentsSource and around the Web:
Paytm is planning a mobile health care payments venture, attacking one of the more difficult transaction types to automate given the complex mix of consumers, billing and third parties involved in health care payments.
The platform will use QR codes, with the belief that it's the most usable form of contactless payments, reports inc42. QR codes will be placed at medical facilities, similar to Paytm's strategy to build payments at India's local kirana stores.
U.K. payments and financial services fintech Revolut is collaborating with the WWF and The Rainforest Alliance to provide a digital payment rail for donations to fund the firefighting effort in the Amazon rainforest.
Revolut's in-app Donations feature allows users to round up digital card payments and donate the difference. The donations in this case will fund medical assistance, firefighters and other safety measures.
As cash and check usage declines, digital payment processing has proven to be a useful way to remove friction from charitable giving by creating a more direct route between the donor and the cause.
Johannesburg-based mobile provider MTN is launching a mobile money service in Nigeria, bringing a successful financial inclusion model to its largest market.
MTN earlier released a mobile money service in Ghana, reports Africa News, adding the Nigerian deployment includes transfers and other payments through mobile phone connections.
PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.
The bank had been working on its connection to Ripple for more than a year, and the deployment will allow consumers and businesses in the U.S. to receive real-time payments from outside the country.
Ripple has also partnered with MoneyGram and other global financial institutions to execute cross-border transactions without requiring third parties such as correspondent banks.
From the Web
Juul introduces new POS standards to restrict sales to minors
TECHCRUNCH | Thu August 29, 2019
Juul Labs, the e-cigarette behemoth partially owned by Altria, has today announced a new POS age-verification system that it will require all Juul retailers to comply with by May 2021. The Retail Access Control Standards program, or RACS for short, raises the standard for age-restricted POS systems, automatically locking the POS each time a Juul product is scanned until a valid, adult ID is scanned.
‘Legend of Mir’ Game Maker Inks Agreement for Blockchain Payments
COINDESK | Thu August 29, 2019
Wemade Tree, a subsidiary of the game company behind the Legend of Mir series, has signed an agreement with Linka, a local blockchain payments provider. The companies will cooperate so that Wemade Tree’s blockchain gaming platform will be able to process wallet payments via Linka’s gateway.
France’s antitrust cop is wary of new actors in online payments, 'killer acquisitions'
THE BUSINESS TIMES | Fri August 30, 2019
France's Isabelle de Silva may be about to become Europe's most feared antitrust regulator as Margrethe Vestager's term as European Union (EU) competition commissioner winds down. Ms de Silva, 49, was picked to head France's antitrust arm in 2016 and immediately grabbed headlines fining firms owned by billionaire Patrick Drahi.
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