Softbank to launch new global digital payments system?

Softbank plots digital payments raid with plans for Paypal rival — City AM — “Japanese technology giant Softbank is planning to create a global digital payments system that could rival giants such as PayPal, according to reports. The tech firm will lead a consortium backed by some of the world’s biggest banks… Under the plan, Softbank could acquire a large financial software business as a springboard to rolling out the new system.”



British Airways owner IAG launches mobile pay on new airline Level

British Airways owner IAG launches mobile pay on new airline Level — City AM — “The technology, called Pair & Pay, will enable customers to connect mobile devices with their individual seatback screen to buy food, drinks, Wi-Fi packages, and duty-free products… Once selected items have been added to the shopping cart on the screen, passengers then connect their devices to the onboard network and pair their phone with the seatback, and can then use their phone to pay for the products.”




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