Asia

Amazon Go may be stealing the spotlight, but it is far from alone in the rush to revolutionize in-store checkout through the use of sensors, scanners, mobile devices and more.

The new optimism is fueled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation. Perhaps most important, India is the last big retail market still up for grabs, with an internet economy projected to double to $250 billion by 2020.

Tez, Google's payment app for the Indian market, is joining the Google Pay family in preparation for a global rollout.

Remitly’s moves are clearly in response to the growing competitive pressure being placed in a key U.S. outbound corridor.

After warnings of an impending major ATM cash-out had bank security teams working overtime last weekend, crooks made off with over $13 million over the weekend in a double attack on India’s venerable Cosmos bank.

Texas-based digital gift card platform company Swych has launched a gift card service for instant cross-border gifting to India following its recent acquisition of GiftCardsIndia.

Companies have tried for years to build a market for interactive cards, with little success. Dynamics is taking a different tack by approaching banks to issue the cards, rather than selling directly to consumers.

PayNow Corporate enables corporations, businesses and government agencies to pay and receive funds instantly by linking a unique entity number to their Singapore bank account.

The acquisition is further evidence that Paytm is continuing to diversify from being just a payments app and into more of social media app with a payments capability.

If President Trump’s tariffs on steel and other products stay in place long, big U.S. importers would be hurt and pass on the pain to their midsize and small-business suppliers — which are the bread and butter of commercial lending.