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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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EMEA retailers set to increase investment in payments

11 Sep 17 @ 16:28

55% of retailers and merchants in the EMEA region are planning to increase their investment into new payments capabilities in the next 18 to 24 months, according to the  2017... read more

14 billion cards worldwide with debit card leads the growth

11 Sep 17 @ 13:51

The number of payment cards globally reached 14 billion in 2016 and is predicted to rise to 17 billion by 2022, driven by further debit card issuance as the banked... read more

Square announces it will apply for bank licence

07 Sep 17 @ 15:29

Square says it plans to submit an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services, would offer loans and deposit... read more

FIDO Alliance jumps into PSD2 Screen Scraping debate with letter

07 Sep 17 @ 15:15

Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive... read more

The rise of the mobile channel – Mobile wallet security

07 Sep 17 @ 12:27

Following on from our previous mobile wallet post, consumer perceptions of bank-based mobile wallet security vary across the globe, though in general consumers have a high degree of confidence in... read more

UK’s largest retailer launches Tesco Pay+

06 Sep 17 @ 10:25

The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+... read more

Chinese central bank declares Initial Coin Offering illegal

05 Sep 17 @ 13:35

The Bitcoin price fell heavily after China’s central bank said Initial Coin Offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge... read more

Cryptocurrency transactions to break $1 trillion barrier this year

05 Sep 17 @ 13:15

A new study from has found that the value of cryptocurrency transactions is expected to surpass $1 trillion in 2017, more than 15 times the level in 2016. The new research... read more

The rise of the mobile channel – global mobile wallet adoption

05 Sep 17 @ 10:17

Mobile wallet and payments have been hot topics for a few years, with many predicting the end of traditional card payments and overstuffed “Costanza” wallets. Rumours of cards’ demise have... read more

BRICS account for nearly half of global e-commerce sales

04 Sep 17 @ 12:03

E-commerce is set to prosper among the BRICS countries and become a major link connecting their residents, according to a report by AliResearch the research arm of Alibaba. By 2022,... read more

Australian banks to kill PINs by pushing towards biometric authentication

04 Sep 17 @ 11:10

Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks... read more

PSD2 and Europe’s Open Banking Mandate – Challenges for Banks and FinTechs

04 Sep 17 @ 10:31

PSD2 and Europe’s Open Banking Mandate – Challenges for Banks and FinTechs The objective of this report is to analyze the implications of the revised Payment Services Directive, PSD2, for... read more

Six global banks join to create Utility settlement coin a blockchain based digital currency

01 Sep 17 @ 15:49

In competition with R3 and Swifts blockchain initiative, six of the world’s biggest banks have joined a project to create a new form of digital currency that they hope to... read more

Contactless payments are No.1 payment choice for UK market

01 Sep 17 @ 13:38

The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has... read more

Nets nearing rumoured $5 billion acquisition by US private equity firm

01 Sep 17 @ 13:19

Nets is rumoured to be nearing a deal that is expected to value the company’s shares at more than DKr31.3bn ($5bn) with US private equity firm Hellman & Friedman the... read more

Remote KYC: A competitive advantage for mobile only banking

31 Aug 17 @ 14:01

The required procedures for Know Your Customer (KYC) have finally broken free of branch-based face-to-face meetings, and now enable banks to use videoconferencing and biometrics to verify a customer’s identity... read more

Mastercard piloting turning smartphones into payment terminals

31 Aug 17 @ 13:48

Mastercard unveiled a pilot project in Poland, turning smartphones into payment terminals for accepting contactless payments. The solution is aimed at small and micro merchants that have traditionally taken cash payments,... read more

The drive to digital and its impact on financial inclusion

31 Aug 17 @ 11:51

A couple of hikers see a farmer leaning on his gate and stop to ask for directions. “We’re looking to get to X,” they say. “Well, I wouldn’t start from... read more

Trending

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more

Visa and Fiserv partnership extends API-led acceptance platform

22 Mar 26 @ 18:30

Visa and Fiserv are extending their long-running partnership in Europe with a new API-driven acceptance offering designed to simplify merchant acquiring and mod... more

Mastercard makes a decisive stablecoin move with BVNK acquisition

17 Mar 26 @ 15:04

Mastercard has agreed to acquire stablecoin infrastructure specialist BVNK in a deal worth up to $1.8 billion, marking one of the clearest signals yet that majo... more