Breaking News
Snapchat’s Peer-to-Peer Payment Service ‘Snapcash’ to Be Shut Down on August 30
Photo-messaging app Snapchat is terminating its digital peer-to-peer payment service ‘Snapcash’ on August 30, ending its four-year-long partnership with US-based mobile payment company Square.
“Yes, we’re discontinuing the ‘Snapcash’ feature as of August 30, 2018. Snapcash was our first product created in partnership with another company – Square. We’re thankful for all the Snapchatters who used Snapcash for the last four years and for Square’s partnership,” TechCrunch quoted a Snapchat spokesperson as saying late on Sunday.
Snapcash used the regular number, expiration date and card verification value (CVV) of a debit card, allowing Snapchatters to shop, send, and receive money without having to leave the app. The feature, however, did not allow cancellation of payments once the process was completed.
The digital-payment feature was made part of Snapchat back in 2014 in partnership with Square that handled the actual payment processing.
Even though the purpose of the feature was purely for user-convenience, it was exploited by users who offered adult content in exchange for payments through Snapcash. The misuse could have caused Snapchat serious legal and PR problems.
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DIFC’s Dubai FinTech Summit Expands Globally with Pakistan Digital Authority
DIFC Innovation Hub, the largest start-up and innovation hub in the world operating out of Dubai International Financial Centre (DIFC), in partnership with the Pakistan Digital Authority, is launching the Pakistan FinTech Summit from 18 and 19 August 2026, positioning Pakistan as a strategic growth market within the global FinTech landscape.
GoldenPeaks Capital Secures Largest PPA Deal in Hungary With Hankook
GoldenPeaks Capital (“GPC”), one of Europe’s fastest‑growing independent producers of renewable energy, has signed a long‑term Pay‑as‑Nominated Power Purchase Agreement (PPA) with Hankook Tire & Technology Co., Ltd. (hereafter Hankook), the Korean premium tire manufacturer and a global leader in advanced mobility solutions. This agreement represents a significant step in strengthening renewable energy sourcing and decarbonising Hungary’s industrial sector. This is GoldenPeaks Capital’s largest PPA deal in Hungary so far.
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Payment Spayce and Sagicor Bank: Innovating Fintech for the Caribbean Market
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Top Companies Supporting Former Workers with German Pension Refunds
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking
Trust Travel, a TUI brand, has partnered with Qover to integrate travel protection into the customer booking journey
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic