Walmart’s answer to Amazon Prime set to launch in July, according to report

spike

Walmart’s answer to Amazon Prime will launch this month, according to a report by Vox’s Recode.

The big-box giant confirmed in February that it plans to roll out a subscription-based service called Walmart+, but hasn’t revealed details or its strategy to attract members and stand out from competitors.

According to the Recode report, the membership program will cost $98 per year and include same-day delivery of groceries, fuel discounts at Walmart gas stations and other perks. The report cites multiple unnamed sources.

Walmart declined to comment about when the service will launch.

Since Amazon launched the Prime program about

Read More

Sompo Japan to launch cyber cover for IoT firms

spike

Sompo Japan Insurance is reportedly planning to launch a new cyber product by next year, with variable premiums depending on the risk level of companies with factories exposed to the internet of things (IoT).

The insurer will partner with Hitachi Solutions to offer the policy, which will consider how well the client’s facilities are prepared to deal with potential cyberattacks, Nikkei reported. Clients with sufficient security measures will pay lower premiums.

According to the report, Sompo will quantitatively measure the risk, which will reflect in the premiums. Hitachi Solutions, meanwhile, will be in charge of risk measurement through technology developed

Read More

Multinational industry alliance launch PayID

spike

A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving money globally – across any payment network and any currency.

Multinational industry alliance launch PayID

GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, Mercy Corps and others have collaborated on the development of PayID through the Open Payments Coalition, a multinational alliance of industry leaders. 

PayID brings together companies across all industries with an open solution for payments, marrying traditional finance, and the new world of FinTech under one standard.

More than

Read More

Chubb Singapore and GoBear launch cover for work-from-home employees

spike

As more people than ever work from home due to COVID-19, Chubb and financial services platform GoBear have launched a product that caters to the needs of telecommuting employees in Singapore.

The product, known as Work From Home Care, is underwritten by Chubb and available for purchase on the GoBear website, according to a statement by the companies. It is available for individuals, couples, and families on a monthly subscription basis, and includes personal accident insurance, a COVID-19 hospitalisation benefit, and access to medical teleconsultation services through the Doctor Anywhere app.

Work From Home Care also has a cyber insurance

Read More