06 Apr 20 @ 12:23

Visa is planning a complete overhaul of the interchange fees that merchants pay to accept its cards, hoping more people will abandon cheques, and adjusting its fees for new businesses... read more

06 Apr 20 @ 12:17

According to new data, the entire mobile wallet market is set to become a $1 trillion industry in 2020, growing by a massive 36.5 percent year-on-year. This strong growth trend... read more

06 Apr 20 @ 12:16

As of January 2020, Kenya has 58.4 million mobile money subscribers – more than its total population. According to 2019 census data, the country has 47.5 million citizens. On the... read more

06 Apr 20 @ 12:16

New data forecasts that global contactless payments will reach nearly $6 trillion in 2024, up from $2 trillion in 2020. The data found that this increase will be driven by... read more

06 Apr 20 @ 12:11

US e-commerce retail sales grew significantly slower year over year in January 2020 than in December and for 2019 overall, according to the U.S. Department of Commerce advance monthly figures.... read more

06 Apr 20 @ 12:11

Across many countries where the newest strain of the coronavirus (COVID-19) has made an impact, isolation and social distancing measures have been put in place. Workers in some infected countries... read more

06 Apr 20 @ 12:10

Worldline has agreed a deal to buy local rival Ingenico in a €7.8 billion deal that will create a global player in the rapidly consolidating payment services market. The two... read more

06 Apr 20 @ 12:09

Intuit, which already owns TurboTax and QuickBooks, has agreed to buy credit report provider Credit Karma for $7.1 billion. The deal highlights the growing appetite among financial services groups for... read more

06 Apr 20 @ 12:09

The Swedish central bank has announced a trial for an e-krona targeted at the general public. The solution was developed by Accenture using the Corda enterprise blockchain. The central bank... read more

13 Feb 20 @ 10:18

The results of PCM’s exclusive 2019 study of payments in 43 markets across Europe and Central Asia are in. They show ATM numbers and usage continuing to decline across Europe,... read more

13 Feb 20 @ 07:08

From Egypt and Jordan through to the Gulf, the Middle East has seen a lot of progress in payments. Yet some significant roadblocks remain, including rising fraud, enabling cards for... read more

13 Feb 20 @ 07:06

The cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and is a warning to financial services firms to step up their security. Tim Thurlings of... read more

13 Feb 20 @ 07:06

Driven by the hardening of regulatory frameworks and an increase in prevention techniques, significant improvements in plastic card fraud have been recorded in multiple markets across Europe. For example, the... read more

13 Feb 20 @ 07:04

MIR, the Russian payment system launched in response to European and US sanctions, is reported to be preparing for launch in the European market. The reports say it will initially... read more

13 Feb 20 @ 07:03

New research shows Discover remained the most widely accepted card scheme worldwide at the end of 2018. A new report from RBR research, Global Payment Cards Data and Forecasts to... read more

13 Feb 20 @ 07:03

A new study from Network International argues that Africa is the world’s great untapped payments market – and that establishing a wider POS acceptance network is one of the key... read more

13 Feb 20 @ 07:02

The People’s Bank of China says it has accepted an application from an American Express business unit to start operations in China – clearing a major hurdle in its bid... read more

13 Feb 20 @ 06:58

The Mobile Finance Report 2019 has revealed the high-growth markets for banking apps and details the benchmarks and metrics marketers must aim for to acquire and retain high-value audiences. The... read more

13 Feb 20 @ 06:56

The use of passive wearable devices for payment is taking off in Europe, as consumers rapidly integrate this new payment method into their daily lives. This year’s figures showed an... read more

13 Feb 20 @ 06:55

Visa says that participants in Visa Token Service (VTS) are estimated to process a combined e-commerce volume of $1 trillion, marking a significant opportunity in its efforts to make digital... read more