Coke adds a subscription to a vending machine; Bottlepay introduces bitcoin transfer via tweet | Payments Source


The information you need to start your day, from PaymentsSource and on the web:

The soda of the month

Subscription services have skyrocketed over the past year as more companies and products embrace the model. A deployment in Japan brings the concept to vending machines.

Coca-Cola has launched a $ 25 monthly subscription service that allows consumers to get one drink per day from a network of 340,000 vending machines, reports Kotaku. Called Coke On Pass, it is an addition to the soft drink maker’s Coke On app and an attempt to improve the use of overdue vending machines during the pandemic.

Based on the consumption of one coke per day, the monthly charge of $ 25 is about $ 10 lower than the cost of buying sodas individually at the normal price in Japan.

Watch ATMs

Singaporean bank OCBC has rolled out its initial group of ATMs that can be accessed when the user scans their face at the machine.

There are only 8 ATMs at launch and only account balance requests are available, although the bank plans to add withdrawals and facial biometric access for its entire fleet of 550 ATMs from June, report Asia Channel News.

Demand for OCBC’s ATMs remains high despite the switch to digital banking, with the bank reporting an average of two million withdrawals per month over the past year. He hopes to keep that momentum going while embracing the movement towards contactless transactions by removing the need for ATM cards.

Tweet-to-tweet payments

Digital payment company Bottlepay introduced a feature that allows users to send and receive bitcoin and traditional currencies through Twitter in an effort to compete with established transfer companies.

A user can type “@bottlepay send 1,000 sats (a unit of bitcoin) to @twitteruser,” which sends the bitcoin from the first user’s account to the other person, explains Finextra. Bottlepay uses the Lightning Network and offers real-time transfers in traditional currencies like the US dollar and crypto.

Bottlepay plans to add integrations with Reddit, Discord, Twitch, Telegram, and Mastodon in the coming months. It also plans to add more traditional currencies, such as the euro.

Business contract

A group of US venture capital firms including Homebrew, Susa Ventures, Haystack and J Ventures made an initial investment of $ 3.3 million in Higo, which created a P2P-like application for commercial payments in Latin America.

Higo hopes to be an alternative to banks in the region and address the relative lack of e-invoicing for supply chains in Latin America compared to the United States, according to TechCrunch. The platform automatically populates, giving businesses a view of incoming and outgoing invoices.

Higo claims to have signed up hundreds of small businesses and is on track to have thousands on its platform by the end of the year.

From the web

WhatsApp hires Amazon Pay’s Mahatme to lead payments in India: sources
REUTERS | Friday, March 19, 2021
WhatsApp has hired a senior Amazon executive to lead its payments business in India, two sources told Reuters, as the messaging service prepares to expand into the booming industry.

Backed by YC, Vendease builds Amazon Prime for restaurants in Africa
TECHCRUNCH | Friday, March 19, 2021
For small and medium-sized restaurants in Nigeria and most countries in Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or save a lot of money. Most restaurants don’t have access to direct relationships with farms to get better deals because they don’t have the staff to hunt them down. In addition, they also do not have the power of aggregation as single entities to directly get good value from farms.

Global streaming subscriptions to exceed 1 billion during pandemic
The number of subscriptions to online video streaming services worldwide reached 1.1 billion in 2020, according to data released Thursday by the Motion Picture Association – a new milestone in the midst of the Covid-19 pandemic that has kept people locked away, seeking home entertainment.

More from PaymentsSource

Most influential women in payments, 2021
The 2021 Most Influential Women in Payments winners demonstrate how diverse experience and a unique perspective can be crucial in tough times.

Square’s Tidal deal brings disruptive fintech to the designer economy
The deal has the potential to increase payouts on both sides, but also open up new avenues such as merchandising and related content, says Kunai’s Tarun Bhasin.

Transit fare plans allow more trade as cities open up
The rise of contactless payment options will not only encourage consumers to return to offices and stores, but also enable them to change their payment habits.

Challenger Bank Launches First FICO-Free Credit Card
TomoCredit, a San Francisco challenger bank for immigrants and youth, is launching a credit card that drops the FICO score.

Powell says central bank digital currency must coexist with cash
Potential central bank digital currencies should be integrated into existing payment systems alongside cash and other forms of currency, Federal Reserve Chairman Jerome Powell said.

Sign of the evolution of fintechs: two new DC commercial groups
Some of the biggest names in fintech, including Plaid, Varo and LendingClub, are joining forces to raise their industry’s profile with lawmakers.

The push for digital transactions must also reach corporate culture
Even for well-positioned business innovators, with the best hands at their disposal, the COVID-19 pandemic has had a destructive effect. In payments, financial services, and other industries, new channels have emerged quickly, opening up new opportunities for a different kind of social interaction.

Payment technology companies need to specialize to stay disruptive
As the fintech industry matures and takes stock of how it has disrupted the banking industry for good, it is essential that we continue to value specialization in order to create a better customer-centric experience. for everyone, says Luc Gueriane from Moorwand.

Regulatory pressure could boost business innovation Buy Now / Pay Later
The close scrutiny of installment lenders could prompt them to refine their offerings and diversify into new markets.

Payoneer is working to raise awareness through SPAC and the Mastercard pact
Within weeks, Payoneer announced it would go public through a Special Purpose Acquisition Company (SPAC), then collaborated with Mastercard on a suite of services for B2B payments.

Cash is most dominant in Romania, Egypt, Kazakhstan, Bulgaria and Ukraine
Despite advances in digital payment and the availability of mobile wallets in most countries, cash remains an important payment method, especially in Romania, where 78% of transactions are still made in cash.

UL obtains approval from EMVCo to test payment specifications for mobile devices
The UL Technology Safety Assessor will test the EMV specifications on consumer mobile devices as part of the EMVCo standards body’s early adoption program.

How Citi and Mastercard Created a More Inclusive Credit Card
True Name, launched on Mastercards issued by Citi, allows members of the transgender community to display the first name of their choice on their payment card.

Visa and Mastercard to delay increase in merchant fees by one year
Visa and Mastercard are postponing plans to increase the fees U.S. merchants pay when consumers use credit cards online, pushing back changes one year to April 2022 due to the pandemic.

EMV deadline is approaching for gas stations, but many won’t
After postponing the application for years, card brands are implementing an EMV responsibility shift at gas stations, which are still struggling to make the necessary upgrades for chip card acceptance.


Previous 6 Steelers whose cap savings outweigh their dead money if released
Next Purdue Pharma owners increase settlement offer to $ 4.28 billion

No Comment

Leave a reply

Your email address will not be published.