 WEEKEND ROUNDUP |
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WhatsApp Pay is on the verge of launching in India WhatsApp has created the necessary data storage facilities in India to introduce WhatsApp Pay to the chat app's entire Indian user base — estimated at 350-400 million users.
The service is now being audited by the India Computer Emergency Response Team (CERT-IN), and once the audit is complete, WhatsApp can launch WhatsApp Pay throughout India.
WhatsApp Pay is seemingly set to overcome the obstacles that prevented it from launching in India after its beta test in 2018, namely privacy-related regulation.
Now, a successful launch has the potential to rock the country's mobile payment market.
Business Insider Intelligence's Daniel Keyes has the full story. |
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| | | Toyota will bolster its electric efforts by investing 28.3 trillion rupiahs ($2 billion) to develop electric vehicles (EVs) in Indonesia over the next four years. Read More → |
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| | | Two of the bank's flagship credit cards — its ultra-premium Sapphire Reserve card and its suite of United Airlines cobrands — are jockeying for share as Sapphire Reserve begins to cannibalize United's business. Read More → |
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| | | US satellite TV company Dish has swooped in to help move forward T-Mobile's pending $26.5 billion merger with Sprint. Read More → |
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| | | Verizon partnered with the US Department of Veterans Affairs (VA) in a move that will give veterans who are also Verizon customers access to the VA's telehealth app VA Video Connect free of data charges via Verizon's 4G LTE network. Read More → |
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| | | Global central banks may have to issue their own digital currencies sooner than expected now that Facebook has announced its plans to create its own crypto. Read More → |
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| | | US-based companies will be allowed to resume business with Chinese networking company Huawei, following an apparent reversal from US President Donald Trump. Read More → |
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| | | Amazon will live-stream a concert on its platform on July 10 — a few days ahead of its 48 hour-long Prime Day— headlined by Taylor Swift, and featuring other popular artists like Dua Lipa, SZA, and Becky G. Read More → |
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| | | The US House Financial Services Committee has written Facebook a letter asking the tech giant to put a hold on the development of its crypto. Read More → |
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| | | Amazon is now its own largest package handler, surpassing the US Postal Service (USPS), according to Rakuten Intelligence. Read More → |
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| | | JPMorgan Chase CEO Jamie Dimon told Yahoo Finance the firm is "gaining share in millennials every day," despite the segment's infrequent branch visits. Read More → |
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| | | Business Insider Intelligence looks at the healthcare payments process, including the types of healthcare payments, the stakeholders making them, where those payments are going, and what's driving change in the market. We then examine payments companies' innovations from the past year that address healthcare payments' most pressing challenges, analyze why they're lucrative, and discuss how other payments companies can learn from the innovations to furnish their own solutions. Learn More → |
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| | | Business Insider Intelligence looks at a variety of grocers' curbside pickup and grocery delivery options, analyzing how they compare with competitors' strategies, how profitable they are for the grocer, and what their future may be. While companies like Instacart exist that offer online grocery services for other grocers, we focus specifically on companies that sell their own products. Finally, we examine different strategies companies can use to optimize the profitability of their online grocery offerings. Learn More → |
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| | | Tech giants are set to grab up to 40% of the $1.35 trillion in US financial services revenue from incumbent banks, per McKinsey. Three of the largest US tech companies — Apple, Google, and Amazon — are particularly encroaching on financial services and threatening incumbents with their size and ability to attract massive, loyal user bases. This report examines the moves they're making to gain a larger foothold in the global financial services industry, detailing each tech company's threat to incumbents and potential next steps. Learn More → |
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Insurers are keen to engage in ecosystems — but few are well positioned to succeed as ecosystem partners. |  |
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Debit finally beat cash as US consumers favorite payment method. |  |
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Transportation & logistics CEOs are concerned that an employee skills gap is stifling innovation. |  |
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