PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
The fitness industry is rallying. Gyms and studios are working hard to transition from in-person classes as the virus shuts down their facilities. Skyrocketing demand for online offerings is changing their business models, with help from platforms like ClassPass and Mindbody. From Welltodo.
Online shopping up in Brazil. Unsurprisingly, Brazilians who are staying at home to avoid spreading the coronavirus are doing more shopping online, according to a study from Compre & Confie in conjunction with the Brazilian E-Commerce Association. The study reported an 80% increase in supermarket shopping from the previous year, and an 111% increase in health product purchases. From MENAFN.
Endorsements for digital payments continue to pile up in light of the coronavirus outbreak. Among the latest to suggest that consumers go cashless are:
- The National Bank of Kazakhstan, which is recommending cashless payments to reduce human-to-human contact, noting that the risk of catching the virus from banknotes themselves is low. From Kazakh TV.
- “Banking and digital currency experts” in Myanmar. These experts advised consumers to be careful handling cash. From The Myanmar Times.
- Sri Lanka’s banking and financial services industry. A collective effort is underway to board merchants onto digital platforms without requiring them to visit a bank. From Daily Mirror.
- Amazon, which has stopped accepting cash-on-delivery as a payment method in India to minimize contact between delivery staff and consumers. It also announced it would stop delivering non-essential items. From The Tech Portal.
Stripe invests in Fast. A startup called Fast recently announced a $20 million investment from Stripe. Fast is building a universal login and checkout platform that will enable consumers to sign in to and make purchases through a single service. The funding round comes just a few months after the company’s seed round in November. From TechCrunch.
QR Code Support
QR code platform supports long-term societal vision in Qatar. The Qatar Central Bank is the latest to embrace the potential for QR codes to help increase financial inclusion and grow electronic transactions. The bank recently released specifications for an interoperable, national system called the Qatar Mobile Payment System. The platform will support retail as well as peer-to-peer payments, transportation and withdrawals from mobile wallets. From Mobile World Live.
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