FinTech news in Apple Pay category

The new experience combines the company’s successful Starbucks Rewards loyalty program with an NFT platform, allowing its customers to both earn and purchase digital assets that unlock exclusive experiences and rewards. As you gain more points, you may earn invites to special events hosted at Starbucks Reserve Roasteries, or even earn a trip to the Starbucks Hacienda Alsacia coffee farm in Costa Rica. Brewer says Starbucks is already imagining how some of the activities that earn NFTs will be connected to real-world Starbucks purchases, for instance. To engage with the Starbucks Odyssey experience, Starbucks Rewards members will log in to the web app using their existing loyalty program credentials

Apple launched Apple Pay, which lets customers make payments in stores and online through iPhone, iPad, Apple Watch or Mac, in Malaysia on Tuesday. Currently, Apple Pay is supported for Malaysian customers using Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank with support for American Express cards coming later this \[…\]

While Apple has partnered with payment providers and others on the financial side of things before in order to make Apple Pay and Wallet work, Pay Later represents the first time the company is handling the actual loans, risk management, and credit checks itself.

According to antitrust investigators, Apple abused its dominant position, as competitors can’t provide NFC-enabled contactless payments on the iPhone to develop other mobile wallets and compete fairly with Apple Pay.

Dapio’s launch is a sign of where the U.K. payments scene is currently — where contactless payments aided by NFC technology have exploded, making up a quarter of all payments in the country.

Apple has announced plans to introduce a new Tap to Pay feature for iPhone that turns the device into a contactless payment terminal. The company says that later this year, U.S. merchants will be able to accept Apple Pay and other contactless payments, including Google Pay, by using an iPhone and a partner-enabled iOS app. \[…\]

French startup Sunday, which didn’t even exist in 2020, has raised large sums to allow people to easily pay and share the bill, freeing up wait staff and increasing turnover in restaurants. The payment solution for consumers in restaurants has now raised $17 million in seed financing in a round co-led by Berlin Cherry Ventures and Point Nine Capital of Germany. The benefits for restaurants include a higher potential turnover of tables, more possibility of tips for wait staff and returning customers who enjoy the simple experience. The founding team of Qlub consists of Arun Sharma, Eyad Alkassar, Filiberto Pavan, Gizem Bodur, Jeff Matsuda, Jianggan Li, John Mady, Mahmoud Fouz, Oscar Bedoya and Ramy Omar.