Day: March 24, 2017

Samsung Aims To Expand Contactless Payment Reach

Dianne Jacobs

Samsung is looking to expand its contactless payment reach, as they have just announced earlier today that they’re joining the Contactless Companion Platform (CCP) initiative, along with ecosystem partners Smartlink and Ingenico.  Like Android Pay and Apple Pay, CCP relies exclusively on near field communications (NFC), and not Samsung’s proprietary Magnetic Secure Transmission (MST), to deliver payment information from a user’s device to a point-of-sale payment terminal. CCP would help Samsung expand the reach of contactless payments beyond Samsung Pay-compatible devices. Potential payment devices could include anything from a payment card…

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Uber Rival Grab Said Raising $1.5 Billion in New Funding Round

Grab, Uber Technologies Inc.’s largest rival in Southeast Asia, plans to raise more than $1.5 billion in a new funding round backed by SoftBank Group Corp., people familiar with the matter said. SoftBank is pledging about $1 billion in the ride-sharing company backed by Tiger Global Management and GGV Capital, the people said, asking not to be named because the matter is private. It wasn’t clear if the money was coming from the Japanese company itself or its yet-to-close SoftBank Vision Fund. Grab’s financing could be a record for Southeast…

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Laptop bans on Middle East flights bring mixed reactions.

Fast-growing Middle Eastern airlines have been luring business travelers away from carriers in the U.S., Europe and Asia for years. But they may find the seats in the front of the plane going unfilled after the U.S. and U.K. ijucted laptop bans and other large electronics in the cabin on some flights from the region. Travelers across expressed frustration Wednesday at a ban on large electronic devices for flights to the US and Britain that has sparked confusion and speculation. Passengers on flights to the US and Britain from major…

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