Following COVID-19: How the virus is affecting the mobile payments industry
Mobile Payments Today is doing its best to provide news and updates regarding how the coronavirus is affecting the payments industry. We'll update this story with the lastest headlines.
The coronavirus pandemic is having a major impact on the mobile payments industry, as consumers and businesses have been forced to drastically change their purchasing habits and the banking industry works to maintain cash access, while keeping customers safe.Â
Mobile Payments Today has covered the following stories and will continue to provide the latest information to readers.
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June 3
Covid-19 to delay contactless payment installations for NYC transit stations
June 2
Western Union C2C remittances begin to recover, digital surges
June 1
Contactless self service lockers now available for financial institutions
May 29
Mastercard provides insights to cities, countries on COVID-19 economic data
May 27
MoneyGram offers discounted funds transfer for Uber workers
May 22
UK's FCA releases updated guidance for payments firms amid COVID-19
May 21
FIS supports school lunch during COVID-19 pandemic
Shopify rolls out banking, pay later, local delivery options for merchants
May 20
DoorDash unveils location tracking feature for to-go orders
May 19
PayPal rolls out QR codes for touch free transactions
Mastercard extends EMV deadline, launches fraud mitigation plan
May 18
Uber to cut another 3,000 workers, close offices
May 15
Monzo raising more funds at lower valuation amid Covid-19
May 14
Rapyd waiving fees during COVID-19
NYC Council caps third-party delivery fees
Discover extends EMV liability date for gas stations until April
May 13
Western Union named non-bank PPP lender
Covid-19 pushing consumers towards mobile banking, online shopping
May 12
MoneyGram sees digital remittance surge in AprilÂ
ACI Worldwide reports surge in global e-commerce retail amid COVID-19
PFS reports surge in prepaid SME demand amid COVID-19
May 11
Newly launched website helping restaurants cut third-party delivery
May 8
Online food orders, delivery surge amid COVID-19 lockdown
May 6
Uber to slash 3,700 jobs, CEO to forego salary
May 5
Uber, Lyft face California suit over worker classification
Fiserv enables online SNAP purchases under pilot program
Worldpay from FIS integrates Google Pay for online shopping
May 4
Paysafe study shows COVID-19 related fueling online shift, payment preferences
Fiserv raises PINless transaction limits at Accel to $100
May 1
Visa says contactless use surged amid COVID-19
Third-party delivery was on the rise pre-pandemic
April 30
Home Advisor adds contacless payment, video messaging to platformÂ
April 29
Mastercard study shows COVID-related shift to contactlessÂ
HSBC profit falls due to COVID-19, delays restructuring
Toast launches flat-fee mobile delivery for restaurants
Starbucks mobile ordering, drive thru salvage Q2 from COVID-19
April 28
Shopify launches mobile app for online ordering amid COVID-19 lockdown
Paytronix secures $10M in additional funding
American Express says COVID-19 hits cardholder spending
Seattle caps restaurant delivery commissions
April 27
SoFi facilitates $75M in PPP loans
PaybyPhone helping World Central Kitchen
Zelle says COVID-19 helping boosting P2P enrollment
April 24
American Express says COVID-19 hits cardholder spending
House approves additional $484B in COVID-19 funds for small businesses, testing, hospitals
April 23
Revel launches standalone version of its online ordering tool
ACI Worldwide says Q1 revenue will hit targets, withdraws 2020 outlook
April 22
Lending Club cuts 460 jobs citing impact of COVID-19
Curve allows users to switch pre-COVID-19 purchases
April 21
NYC expands contactless pay options for parking kiosks
Chipotle beats COVID-19 odds as Q1 digital sales soar
April 20
Uber rolls out on-demand delivery of packages, medicine in response to COVID-19
April 17
Bank call centers feeling pressure of COVID-19
Google launches mobile self-checkout amid COVID-19
Shake Shack cuts jobs as Q1 same-store sales drop
Juniper sees drop in digital commerce spending
Uber withdraws 2020 guidance, plans writedown
April 16
Stripe raises $600M to fund COVID-related expansion
Varo Money taking on Moven accounts after consumer-biz funding ends
Lyft pilots delivery service for food, health supplies amid COVID-19
CSI waives fees to enable contactless P2P transactions
April 15
Chick-fil-A locations encourage mobile, card locations over cash
Bank of America Q1 earnings fall amid higher loan loss reserves
LendingTree warns COVID-19 will impact Q1 revenue
April 14
JPMorgan Chase warns of downturn as Q1 EPS falls short
Revolut Partners with Doctor's Without Borders to fight COVID-19
FIS warns of lower Q1 revenue, EPS due to COVID-19
April 13
PayPal and Intuit given go ahead to participate in PPP
Intuit website helps small biz, self-employed check for SBA aid
Third-party delivery services push back against San Francisco cap
April10
American Express assists cardholders, employees and merchants amid COVID-19
DoorDash drops commission rate for small restaurant brands
Klarna shows COVID-19 related shift in purchases towards health, beauty
BOA offering refunds on fees, loan deferralsÂ
April 9
Alipay launches recovery assistance for Wuhan merchantsÂ
Starbucks withdraws fiscal 2020 guidance due to coronavirus
April 8
Feds modify growth restriction on Wells Fargo to support small business
April 7
Citi expands Covid-19-related waivers, deferrals
UnionPay expands contactless, sees online shift amid COVID-19
Fifth Third Bank hiring 1,000 customer service agents amid surge in calls
April 6
CSI expands digital lending tools to help community banks process COVID relief loans
Visa Foundation commits $210M to empower small and micro businesses
April 3
Publix rolls out contactless pay to all stores
FIS leverages lending platform for COVID-19 assistance
MX study reveals increased mobile banking use amid COVID-19
Hyosung extends retail ATM warranties due to COVID-19
April 2
Grubhub spending $30M to help independent restaurants
April 1
Shopify: Q1 may beat estimates, pulling annual guidance
PayActive, Paychex offer incentives for early wage access amid COVID-19
EML Payments renegotiates final PFS deal following COVID-19 outbreak
March 31
Bill.com waives fees, offers additional COVID-19 support for SMBs
March 30
Nymbus automates COVID-19 payroll relief for banks to small business
March 27
POPCodes to help clients deliver COVID-19 safety messages at payment kiosks within 48 hours
Western Union tests remote home based service to complete money transfers
March 26
UK to raise spending limit for contactless card payments due to COVID-19
Carvana moves to touchless delivery for online car sales
March 25
Record $2 trillion rescue package gives lifeline for businesses, workers
Square issues Q1 profit warning due to COVID-19
PayRange introduces instant cash access to mobile pay settlements for vending, laundry operators
March 24
Mastercard warns COVID-19 impact on Q1 revenue, expenses
March 23
Port Authority goes cashless at key NYC bridges, tunnels due to COVID-19
Wells Fargo, Santander adjust branch operations, waive fees
DoorDash launches campaign as restaurants shift to mobile ordering
Papa John's boosts hiring to support mobile ordering
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March 19
Fifth Third Bank defers payments, waives fees amid COVID-19
March 18
Chase to close 20% of branches, maintain worker pa
March 17
ATMIA reschedules Canada conference until September
Digital banking startup One raises $17M, launches private beta test
HonkMobile to provide contactless parking pay stations free to operators
American Express warns COVID-19 will impact Q1 earnings, revenue
Domino’s doubles down on contactless delivery, paid leave
PAR offers foodservice operators tips on cleaning POS terminals
Postmates offers 'contact-less' delivery amid conronavirus concerns
March 16
Regulators, banks plan for contingencies as customers rush for cash amid COVID-19
Pay Range app to help vending machine and laundry machine users with insufficient funds
Starbucks closes US, Canada dining areas, offers to go service
Just Salad opts for digital only ordering
March 11
Postmates debuts efforts to help merchants impacted by COVID 19
March 10
Smartmetric resumes smart card production after coronavirus hits supply chain
Gates Foundation, Wellcome, Mastercard launch effort to combat coronavirus
Alipay launches digital transfomation amid coronavirus response
March 9
Robinhood suffers new outage amid market routÂ
Citi offers fee waivers, hardship assistance amid coronavirus impact
March 5
Chinese supply chain payments fell sharply amid coronavirus outbreakÂ
March 4
Wex lowers revenue forecast due to coronavirus
Robinhood to offer case by case compensation after trading app outages
February 27
Paypal rolls back revenue guidance due to coronavirus
January 29
Starbucks pulls back on guidance increase as China outbreak forces store closures
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