View profile

Mobile News - Week of November 16, 2020

Less than a week from Thanksgiving! Hope you are staying home safe and sound. Most people in China pa
Issue #117  •  November 20  •  View online  •  Suggest a link
The latest news and information about startups and innovations from the mobile world.
Less than a week from Thanksgiving! Hope you are staying home safe and sound.
Most people in China pay using their mobile phones to scan QR codes — a type of barcode system. They do so via the two most popular mobile payment platforms: Tencent’s WeChat Pay and Alibaba’s payments arm Alipay. In China, payment methods using QR codes have replaced cash and cards in just five years.
If a business can get a printout of a QR code, it can get paid by app. They don’t need special machines like businesses do to accept credit cards or many mobile payments like Apple Pay, which are essentially digital wallets of bank cards, while Alipay and WeChat are more pure digital payments.
Many predicted that 2020 would be the year that such payments would finally see broad U.S. adoption. In May, PayPal announced hat QR code payments would be available through its app in 28 markets, making it much easier for 25 million PayPal merchants to accept QR payments without additional hardware costs.
In September, UberEats launched contactless ordering and QR code payments to eliminate the need for paper bills and signatures. While more merchants are adapting their infrastructure to enable QR payments, it’s still far from widespread.
To compare the difference between US vs China fintech industry, my partner Chris and I had a fun conversation with Wharton Fintech club. Check out our full interview >
Here are the top mobile news this week >
  • Apple - M1 Chip
  • Apple - App Store Fee drops to 15% for some
  • Apple - Online tracking tool ban in Europe
  • Google - RCS rollout
  • Nvidia - Bringing Fortnite back to iOS
  • Twitter - Disappearing posts launch
  • TSMS - New Phoenix plant

Calling Startups in Supply Chain Innovation

Techstars Sustainability ChallengeThe Techstars Sustainability Challenge is an equity-free challenge that brings together founders with industry leaders in sustainability. Top Supply Chain solutions in the areas of Data & Automation and Materials & End-of-life Impact will have access to potential commercial opportunities with our corporate partners. We are looking for proven technologies that are able to be pilotable in 2021.
Applications are now open and close March 1, 2021.

Steve Jobs’s last gambit: Apple’s M1 Chip – On my Om

Apple to pay $113 million over deliberately slowing down iPhones

Developers see a world of possibilities with new App Store Small Business Program

Apple hits back at European activist complaints against tracking tool

Google completes global RCS rollout as Messages starts testing default end-to-end encryption

Nvidia is bringing Fortnite back to iOS with new cloud gaming web app

Twitter Expands Disappearing-Posts Product, Hints at New Audio

Phoenix okays development deal with TSMC for $12 billion chip factory
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - Partner at 500 Mobile Collective Fund
Did you see something you think we should include in our newsletter?
Suggest a link
Copyright © 2021 Techstars, All rights reserved.
You are receiving this email because you opted-in on one of our websites.
Our mailing address is:
1050 Walnut St #202
Boulder, CO 80302
If you were forwarded this newsletter and you like it, you can subscribe here.
If you don’t want these updates anymore, please unsubscribe here.
Manage all your newsletter subscriptions here.
This newsletter is carefully curated with Revue