South Korea bans Google, Apple payment monopolies

South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. The legislation prohibits…

Android Pay Launches Across 1 Million Locations In US

Android Pay works with all NFC-enabled Android devices (running KitKat 4.4+), on any mobile carrier, at every tap and pay ready location across the US. Android Pay also stores your gift cards, loyalty cards and special offers right on your phone. Existing Google Wallet user can access Android Pay through the app.

QuikWallet Raises $1.6mn From Snow Leopard Technology Venutres

QuikWallet currently caters to about 1,000 restaurants and small businesses with a gross transaction value of Rs 50 lakh per month. The service supports both online and offline transactions with a plethora of payment offerings through SMS, NFC, QR codes, Web/Mobile Apps and a POS Software. So far, QuikWallet has raised $2.1mn in funding.

Paytm Will Begin Listing Products From 1 Lakh AliExpress Sellers This August

The company expects the move to double its GMV by a further $1.5bn in 6 months. For Alibaba, which invested $650 mn in Paytm this Feb, this serves as its first real shot at capturing the $6bn worth Indian online retail market. The integration with AliExpress will be a mamoth task with Paytm having to take care of legal and taxation issues, international logistics, customs, the process for issuing payouts to merchants and for refunds.

MobiKwik Ties Up With ICICI Bank To Let Users Load Cash Into Their E-Wallets

Customers will be able to recharge their digital wallets with cash at any of the Bank’s 4,000+ branches in the country. Even people without a bank account or access to net banking services can now use MobiKwik’s service. In order to facilitate recharging its wallet with physical cash, the company has come up with a new feature called CashPay. Through this, users will be able to add funds by making out a regular cash deposit slip at any ICICI bank branch.