Google Wallet Expands Tap to Pay for Teens
Hey Payments Fanatic!
It’s been a big week for mobile payments. Shortly after Apple’s Tap to Pay on iPhone expanded to nine new countries, Google is rolling out its own update—this time, for younger users.
Google Wallet now allows children over 13 to tap to pay in stores across five countries: the US, UK, Australia, Spain, and Poland. With parental supervision, kids can also access event tickets, library cards, and gift cards within the app.
Parents must approve any payment card added to Google Wallet, and they’ll receive email notifications for every transaction.
The Family Link app gives additional oversight, enabling guardians to monitor spending, remove cards, or disable payment access entirely, but online purchases won't be available for children.
This move brings Google closer to Apple, which already offers in-store payments for minors through Apple Cash Family. While Google has yet to announce plans for a broader rollout, the introduction of supervised payments signals an evolving approach to financial independence for younger users.
If you’re interested in reading a bit about what’s been happening in Payments, keep scrolling!
Cheers,
INSIGHTS
📊 Klarna touts 𝟮.𝟵 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 transactions per day made by 𝟵𝟯 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 active consumers in 2024 (+11% Y/Y) and 𝟲𝟳𝟱,𝟬𝟬𝟬 merchants.
PAYMENTS NEWS
🇲🇽 Pomelo integrates into Visa's Clearing House in Mexico. Pomelo will be able to receive the local processing and value-added services that Visa offers. This will enhance and extend Pomelo's offerings in the Mexican market and strengthen its commitment to providing innovative payment technology solutions to Mexican consumers, alongside Visa.
🇧🇷 DEUNA Presents Athia in Brazil: Transforming Data Chaos Into Commerce Growth. DEUNA, the unified platform to simplify global payments and power next-gen commerce, launches Athia, the first commerce-aware AI transforming data chaos into real-time, actionable insights, in Brazil before in any other country in LATAM.
🇦🇪 QED Investors leads $33m investment in NymCard, strengthening MENA’s payments infrastructure. With this investment, NymCard is deepening its presence across 10+ markets in MENA, improving its payment infrastructure solutions to better serve banks, enterprises, FinTechs, telecom providers.
🇺🇸 Checkbook enables Direct Digital Wallet Transfers with PayPal and Venmo Integration. This significant advancement empowers businesses to send funds directly to their customers’ digital and mobile wallets, offering increased speed, convenience, and flexibility.
🇺🇸 Affirm expands credit reporting with Experian to include all pay-over-time products. Affirm is helping to drive greater transparency and responsible lending. The move will enable consumers and lenders to make more informed decisions and help them build their credit histories.
🇮🇳 Singapore businesses can now accept UPI Payments via HitPay. The integration gives businesses access to over 450 million UPI users in India, offering a cost-effective alternative that can save merchants up to 50% on fees compared to traditional credit cards.
🇬🇧 Epos Now partners with Lloyds Cardnet. This marks a significant milestone for both companies, they will support entrepreneurship and business success across the UK and beyond. It will deliver seamlessly integrated POS and payment solutions, providing payment acceptance technology that can adapt to changing customer needs.
🇺🇸 Flywire promotes Mohit Kansal to CPO. The new payments chief will “help accelerate Flywire’s payments strategy and drive technical alignment within Flywire’s verticals”, according to a company statement, while also overseeing the payment experience, payment gateway, platform and API teams.
🌍 dLocal partners with Belmoney to expand remittance services. The collaboration enables Belmoney to use dLocal’s payment infrastructure, which supports over 900 local and alternative payment methods, including bank transfers, digital wallets, and card payments in markets.
🇺🇸 ICBA Payments and Mastercard to upgrade customer payment experiences for banking institutions. The alliance with Mastercard will help community bankers bolster and modernize their card programs through new innovative features, providing an enhanced customer experience.
🇺🇸 Marqeta and AffiniPay revolutionizing how law firms manage expenses with MyCase Smart Spend. This innovative solution offers streamlined expense management specifically designed for small to medium-sized law firms, providing them with enhanced control over their expenses.
🇬🇧 ekko and Optty partner to make sustainable payments a global standard. This collaboration enables financial institutions and their clients across sectors like retail, mobility, or travel to include carbon tracking in their payment experience. Read more
🇪🇬 Al Ahli Bank of Kuwait-Egypt signs a long-term partnership with Visa to expand digital payment solutions. This partnership involves the launch of a range of new products and services that meet the diverse needs of various customer segments, supporting Egypt's digital transformation and electronic payments strategy.
GOLDEN NUGGET
How does a 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 work? — by DEUNA👇
𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭
► One-Click Checkout transforms the traditional payment process by removing unnecessary steps while maintaining security, compliance, and fraud prevention.
► By leveraging secure credential storage, real-time authentication, and intelligent transaction routing, it enables customers to complete purchases instantly with a single click.
𝐓𝐡𝐞 𝐂𝐨𝐫𝐞 → Secure Credential Storage, Instant Payment Authentication & Optimized Payment Processing
𝐒𝐞𝐜𝐮𝐫𝐞 𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐒𝐭𝐨𝐫𝐚𝐠𝐞
► Payment details are encrypted and tokenized upon first purchase, ensuring compliance with PCI DSS and global security standards.
► Reduces the risk of fraud while enabling frictionless repeat purchases for returning users.
𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧
► Customers are verified through One-Time Password (OTP) or device fingerprinting, eliminating the need for repeated manual input.
► OTP authentication is sent via SMS, email, or push notification, while device fingerprinting identifies returning users based on browser, OS, and behavioral patterns.
𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠
► Transactions are routed dynamically through an intelligent orchestration layer to maximize approval rates and reduce declines.
► Ensures seamless, frictionless payment authorization while remaining compliant with Strong Customer Authentication (SCA) and 3DS 2.0.
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭
1️⃣ 𝐔𝐬𝐞𝐫 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧
► Returning customers are instantly recognized through OTP verification or device fingerprinting.
► Reduces login friction while maintaining security and compliance.
2️⃣ 𝐔𝐬𝐞𝐫 𝐃𝐚𝐭𝐚 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭
► Pre-filled shipping and billing information ensures a seamless checkout experience.
► Payment details are securely stored to eliminate manual entry.
3️⃣ 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠
► Transactions are authorized in real-time, ensuring speed & security
► Secure credential storage ensures that data remains encrypted and protected from breaches.
𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭: 𝐔𝐬𝐞𝐫 𝐂𝐨𝐧𝐬𝐞𝐧𝐭 𝐚𝐧𝐝 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞
𝐔𝐬𝐞𝐫 𝐂𝐨𝐧𝐬𝐞𝐧𝐭 & 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞:
► Merchants must obtain explicit user consent before storing credentials for one-click checkout.
► Compliance with GDPR, PCI DSS, and regional payment regulations is required for secure data management.
𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 & 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬:
► Transactions must adhere to Strong Customer Authentication (SCA) standards to prevent fraud.
► Tokenized payment methods ensure sensitive information is never exposed.
Source: DEUNA
I highly recommend following my partner Arthur Bedel 💳 ♻️ for more great content like this one👌
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
Comments ()