🗂 Link: Alternative Payment Methods Enable International Purchases

If people from other countries already visit your site and make purchases, you might think it isn’t necessary to adjust your payment methods for them. But you’d be wrong. For each international customer that makes a purchase, there could be others who abandon checkout because they aren’t comfortable with any of the options available.

Source: Alternative Payment Methods Enable International Purchases

🗂 Link: Rich countries must start planning for a cashless future

These problems have three remedies. First, governments need to ensure that central banks’ monopoly over coins and notes is not replaced by private monopolies over digital money. Rather than letting a few credit-card firms have a stranglehold on the electronic pipes for digital payments, as America may yet allow, governments must ensure the payments plumbing is open to a range of digital firms which can build services on top of it. They should urge banks to offer cheap, instant, bank-to-bank digital transfers between deposit accounts, as in Sweden and the Netherlands. Competition should keep prices low so that the poor can afford most services, and it should also mean that if one firm stumbles others can step in, making the system resilient.

Source: Rich countries must start planning for a cashless future

Link: New Tech Spotlight: Fintech Investments Reach All-Time High In Q2 2018

“In Q2 of this year, fintech startups raked in a total of $19 billion in funding, pushing the overall category to well north of $100 billion in total funding raised.”
Original source: New Tech Spotlight: Fintech Investments Reach All-Time High In Q2 2018

Link: VMworld 2018: Pivotal Container Service and the Long Road to NoOps

[Swisscom’s] Massalt polled the audience, asking how many of them had experience with updating their Kubernetes clusters. No one, in a reasonably full ballroom, raised a hand.

“There’s a reason for this: because it’s a painful process,” he said. It’s why Swisscom had already adopted BOSH as an automated deployment tool for replacing old versions and updating the underlying platform, thus taking care of a large chunk of Day-2 operations.
Original source: VMworld 2018: Pivotal Container Service and the Long Road to NoOps

Link: Ride-hailing app Grab partners Maybank for mobile wallet launch

To be a little Friedman in a taxi here: when I was in Jakarta, you could see the huge banking expansion available in converting much of the country to cashless. All these merchants and buyers (people, if you will) who are purely cash based and don’t have bank accounts. And that’s just one (albeit it, giant) city:

Ooi Huey Tyng, MD, GrabPay Singapore, Malaysia and Philippines, says: “The whole industry needs to come together to make the cashless economy a reality in Malaysia. We are honoured to partner with Maybank which not only shares our vision of a cashless payments future, but also recognises Grab as ideally poised to help make this a reality.

“With GrabPay mobile wallet as the leading payment method on our Grab app, it will build an interconnected ecosystem of our services, thus making Grab an everyday app to complement consumers’ everyday lifestyle.”

Also, I love this “cashless” term. So much better than “mobile payments.”
Original source: Ride-hailing app Grab partners Maybank for mobile wallet launch

Link: Ride-hailing app Grab partners Maybank for mobile wallet launch

To be a little Friedman in a taxi here: when I was in Jakarta, you could see the huge banking expansion available in converting much of the country to cashless. All these merchants and buyers (people, if you will) who are purely cash based and don’t have bank accounts. And that’s just one (albeit it, giant) city:

Ooi Huey Tyng, MD, GrabPay Singapore, Malaysia and Philippines, says: “The whole industry needs to come together to make the cashless economy a reality in Malaysia. We are honoured to partner with Maybank which not only shares our vision of a cashless payments future, but also recognises Grab as ideally poised to help make this a reality.

“With GrabPay mobile wallet as the leading payment method on our Grab app, it will build an interconnected ecosystem of our services, thus making Grab an everyday app to complement consumers’ everyday lifestyle.”

Also, I love this “cashless” term. So much better than “mobile payments.”
Original source: Ride-hailing app Grab partners Maybank for mobile wallet launch

Link: Inside Synchrony Financial’s Innovation Lab

“One thing that was great to see was that cross-functional barriers went away” once the new lab was set in motion, Arghirescu said. “Innovation became an entity.” People in the lab were given the authority to make decisions. A commitment was made to agile development.
Original source: Inside Synchrony Financial’s Innovation Lab

Link: Inside Synchrony Financial’s Innovation Lab

“One thing that was great to see was that cross-functional barriers went away” once the new lab was set in motion, Arghirescu said. “Innovation became an entity.” People in the lab were given the authority to make decisions. A commitment was made to agile development.
Original source: Inside Synchrony Financial’s Innovation Lab

Link: Apple Pay accepted at 1 out of 2 U.S. stores, says Apple VP Jennifer Bailey

“Apple Pay availability was limited to about 3 percent of stores in the U.S. when it launched in 2014, but is now accepted in 50 percent of stores.”
Original source: Apple Pay accepted at 1 out of 2 U.S. stores, says Apple VP Jennifer Bailey

Square is designed to guilt us into tipping basically everyone

When Square asks you if you’d like to tip, declining can feel petty–especially under the expectant gaze of service workers.

While I always find tipping policy a weird mystery in other lands, I suppose we’re a bit confused over here too:

Square and other POS systems are drawing attention to the fact that our informal gratuity systems have never really made sense. Delivery drivers receive tips, but plumbers don’t. Manicurists, yes; dental hygienists, no. The bartender who opens your beer expects an extra dollar or so, but the baker who iced your cupcake doesn’t—or, at least, didn’t until recently.

Source: Square is designed to guilt us into tipping basically everyone