This week, simplicity and convenience – whether that means shopping from the comfort of home, paying wherever you are or just having the ability to use your preferred method – are at the center of much of the payments industry news.
Paytm has expanded on its use of QR codes to bring online and offline together for small merchants, Visa has launched a new program aimed at its partners in B2B, and Amazon hit a milestone.
Leading Indian payment facilitator Paytm is expanding the customer base for local shop owners and bringing new merchants onto the Paytm Mall in the latest use for what it calls its O2O (Offline-to-Online) platform.
The new service enables participating merchants to put their inventory online at the Paytm Mall. Local customers can scan a QR code within the shopkeeper’s store to access the catalog.
Customers will then be able to place orders online and have them delivered locally or pick them up in-store, Paytm said in a blog post.
This follows on an April announcement in which Paytm said it was enabling local shopkeepers to sell products from the Paytm Mall through placement of a QR code in their stores.
Since launching in 2011, Amazon Lending has loaned $3 billion to more than 20,000 small businesses in the U.S., the U.K. and Japan, the company said recently. More than $1 billion of that was within the past 12 months.
The loans, which range from $1,000 to $750,000, are available by invitation to businesses selling on its platform. The company’s access to seller data helps it determine the credit risk of potential loans.
Visa has launched its Visa Ready Program for Business Solutions. The program aims to help B2B technology companies integrate Visa payment solutions – including enhanced data and virtual card payments – into their offerings.
This launch follows on another partnership announcement for Visa last week, in which the company introduced new partners for its token service provider program.
Lufthansa is introducing Amadeus Airport Pay at 170 airports around the world. The new payment solution was developed by Amadeus, a travel industry technology provider, and payments provider Ingenico. It allows travelers to pay for ancillary services directly at wireless, handheld, EMV-capable terminals that airline agents can take anywhere.
Ingenico has also announced that Iceland’s WOW Air is using its ePayments platform to enable customers to pay for travel online using their preferred local payment method, such as Germany’s SOFORT.