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Worldwide shipments of wearables to surpass 200 million

22 Mar 16 @ 14:44

Worldwide shipments of wearable devices are expected to reach 110 million by the end of 2016 with 38.2% growth over the previous year. According to the International Data Corporation (IDC)... read more

Octopus cash limit to triple to HK$3,000 – aimed at changing shopping habits

22 Mar 16 @ 12:58

Octopus, the Hong Kong equivalent of the Oyster card in the UK says the legal limit on the amount of money that can be stored on Octopus cards will rise... read more

UK payment cards annual fraud losses hit £567.5 million

21 Mar 16 @ 12:51

Statistics by Financial Fraud Action (FFA) UK show fraud losses on UK payment cards totalled £567.5 million in 2015, representing an 18% increase from £479 million one year before. Significantly,  total... read more

Tencent’s WeChat rides mobile payments wave

21 Mar 16 @ 12:36

Tencent is not only China’s largest social network and online entertainment firm, it is now big in mobile payments. The company has quietly built one of the world’s largest mobile payments systems,... read more

Russian hacker cell steals $25.7 million

21 Mar 16 @ 12:25

A newly discovered Russian hacker group known as Buhtrap has attacked 13 Russian banks since August 2015, using malware that infiltrates their gateway to the central bank, according to Moscow-based... read more

2016 UK consumer payment study

18 Mar 16 @ 11:48

TSYS has announced the results of its 2016 UK Consumer Payment Choice Study. New to the second annual research were findings related to emerging payments. The online survey of more than 500... read more

Blockchain: short-lived illusion or a real game changer?

18 Mar 16 @ 11:22

Blockchain has traditionally been a subject of mitigated opinions, due to its early association with bitcoin, the cryptocurrency adopted by techies all around the world, and also used on anonymous... read more

Chase Bank Kenya rolls out aggressive African strategy with OpenWay

18 Mar 16 @ 10:07

Chase Bank Kenya, an innovative and fast-growing bank with an ambitious strategy across Africa, has successfully migrated its full card portfolio to the OpenWay WAY4 payment software platform from Electra... read more

ACI and Verifone to deliver Pan-European payments platform for Auchan

18 Mar 16 @ 09:46

ACI will partner with Verifone to deliver a comprehensive pan-European payments platform for Auchan Group, one of Europe’s largest food retailers. Auchan relies on ACI’s market-leading, omni-channel UP Retailer Payments solution... read more

Hong Kong credit card market on the rise

17 Mar 16 @ 12:39

Credit cards dominate the Hong Kong payment cards market in terms of transaction volume and value during the review period (2010-2014) – a trend which is expected to continue up... read more

Vodacom reviewing poor M-Pesa business

17 Mar 16 @ 11:57

Vodacom South Africa reportedly considering various options for its sluggish mobile money transfer service M-Pesa. In 2010, Vodacom launched M-Pesa in South Africa and the company set a target of... read more

ICICI Bank roll out HCE mobile payment solution

17 Mar 16 @ 11:48

ICICI Bank is set to roll out an HCE mobile payment solution to enable its credit and debit card customers to make payments with their smartphones at NFC-enabled terminal. The mobile payment solution... read more

Austria roll-out nationwide NFC mobile payment app scheme

16 Mar 16 @ 12:56

Mobile Maestro (called Bankomatkarte Mobil), an NFC mobile payment app enabled by Payment Services Austria (PSA) and supported by Austria Card, has launched. Following a successful field trial in Linz (Upper... read more

88% of Britons believe cybercrime is now as big a threat as offline crime

16 Mar 16 @ 12:30

The results of new research in the UK have revealed that 88% of Britons see cybercrime as now being as big a threat as offline crime, whilst 76% of people... read more

FinTech booming – payments infrastructure compliance remains in the dark ages

16 Mar 16 @ 12:16

The UK FinTech report, commissioned by HM Treasury and published last month, confirmed something we’re pretty much all agreed upon: “The UK is a global capital for FinTech”. Within FinTech,... read more

Interoperable P2P mobile payments in Europe

16 Mar 16 @ 11:55

Splitting a bill with friends at a restaurant, paying back half of a household bill to your partner, urgently sending money to your child studying in another European country…These are... read more

Visa Checkout introduces digital swipe for mobile commerce

16 Mar 16 @ 10:22

Visa has launched a new feature for its online payment service, allowing users to authenticate a transaction by swiping an image of the card on the system. This service is best applicable for mobile... read more

Samsung Pay records $16.8m loss

15 Mar 16 @ 10:23

Samsung Pay has reported a loss of $16.8m (£11.8m) until now. Samsung Electronics reports that it views the platform as an investment for the future that will strengthen the competitive edge for... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more