June 14, 2019

PPRO Group, a London-based payments provider, announced the acquisition of Berlin-based Allpago, which says it is the largest payments provider in Latin America.

The acquisition follows a recent expansion of the company into Singapore and a $50 million investment 2018 in PPRO by PayPal and Citi Ventures.

"We have seen an increasing demand for the integration of Latin American (local payment methods) and this deal will provide our customers with access to local payments, worldwide through one contract and one integration," Simon Black, CEO at PPRO, said in the announcement.

Allpago in January announced that it had entered into Chile, which became the company’s fifth Latin American payments market. The company previously operated in Mexico, Brazil, Argentina and Columbia. The company also announced plans to expand its Latin American business to Peru.

Philipp Bock, founder and CEO of Allpago, will become a shareholder at PPRO under the agreement.

Terms of the acquisition were not disclosed.

Topics: Mobile Payments, Region: Americas

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June 13, 2019

Networld Media Group is making a last call for entries for the 2019 Bank Customer Experience Awards competition, which closes Friday, June 14. 

The awards honor financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience in four categories:

Judges, including the editors of ATM Marketplace and Mobile Payments Today, will weigh the merits of each entry on the basis of:

Qualifying entries must represent fintech products, processes or services introduced between May 1, 2018, and May 1, 2019, either in a pilot deployment or as a full rollout.

Entrants must provide:

"The industry has seen a great deal of innovation over the past year, and we expect to see some exciting changes in the banking industry as we approach this year's conference," said David Jones, editor of Mobile Payments Today. 

Winning entries will be selected and winners notified by July 15. Awards will be presented at a dinner party on Sept. 24, at the 2019 Bank Customer Experience Summit, Sept. 23–25, at the Loews Chicago Hotel just one block away from the Magnificent Mile, the Chicago Riverwalk and Navy Pier.

All award winners will receive complimentary tickets to the Sept. 24 dinner. Winning financial institutions will additionally receive one complimentary registration for the full conference.

Enter the 2019 Bank Customer Experience Awards competition.

View the agenda for the 2019 Bank Customer Experience Summit.

Register for the 2019 Bank Customer Experience Summit, Sept. 23–25, at Loews Chicago Hotel.

Topics: Bank Customer Experience Summit

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June 13, 2019

Cubic Corp. said that its Cubic Transportation Systems division will upgrade the Los Angeles county TAP point of sale devices with an Android-based app that will allow 450 retail merchants to reload bus and rail fares at the cash register.

Cubic said the Mobile for Merchants application will let commuters reload their transit fares directly with these retail merchants, which may be the only immediate option to reload fares while waiting for the bus or other transit stops when they need to ride to work.

"The majority of transit rides originate with bus travel, and at most bus stations there are not means of adding value to your card or purchasing your monthly pass," Josh List, senior program manager at Cubic Transportation Systems, said in a phone interview.

The merchants range from neighborhood grocery stores to check cashing places, public libraries and other locations. The system is very small and easy to deploy, doesn’t require any expensive equipment upgrades for merchants and sits on the countertop.

The LA public transit system carries about 1.2 million passengers during the week and operates two subways and four light rail systems with a total of 93 stops.The bus fleet includes almost 2,500 buses and almost 14,000 stops throughout the system.

Cubic has an extensive history of helping to automate public transit systems with smart cards, contactless payment systems and other upgrades. The company is involved in the New York City contactless subway and bus pilot that launched at the end of May.

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Topics: Contactless / NFC, In-App Payments, Mobile Apps, Mobile Payments, POS, Retail

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