Search Results for: Global payments
China’s mobile payments skyrocket in 2017
February 21st, 2018
China’s mobile payments in 2017 totaled 81 trillion yuan, or US$12.77 trillion, as of October according to a report from the Xinhua news agency this week. The volume crushed the total for the whole of 2016, which came in ...
Biometric mobile payments to hit 1T transactions, $51B in revenue by 2022
December 6th, 2017
Biometric transactions may soon replace cash payments: By 2022, mobile biometric solutions will authenticate more than 1 trillion transactions annually, driving the market to $50.6 billion in annual revenue that year, according to a new report from Acuity Market ...
Visa released real-time payments platform in Europe
November 3rd, 2017
Visa has announced the European launch of Visa Direct – a real-time payments platform that allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for businesses and consumers. Visa is working with payment ...
South Africa’s Second Largest Supermarket Chain Pick n Pay Trials Bitcoin Payments
September 18th, 2017
A major supermarket chain in South Africa, Pick n Pay, has started a trial to accept bitcoin payments in-store at its head office location. A payment technology company named Electrum provides the payments platform, with bitcoin exchange Luno providing ...
Town in Switzerland accepts tax payments in bitcoin
September 13th, 2017
Switzerland ramped up its bid to become a global hub for financial technology (fintech) and cryptocurrency start-ups with the decision by a town on the Italian border to accept tax payments in bitcoin. Chiasso announced that it would take ...
SWIFT launches gpi certification programme for global payment applications
September 12th, 2017
SWIFT announces today the launch of an approved certification programme for vendors that support SWIFT gpi in their payment applications. This certification programme will ensure that gpi capabilities are inherently available in these applications, thereby reducing both time and ...
Global fintech investment rebounds in Q2 2017
August 7th, 2017
Total global fintech investment more than doubled quarter over quarter in Q2’17 to US $8.4 billion, up from US$3.6 billion in Q1’17, according to the KPMG Pulse of Fintech report. Global M&A investment helped drive the fintech market rebound, ...
How Bitcoin is infiltrating the $60bn global art market
July 26th, 2017
Why is the art world getting excited about digital currency Bitcoin and its underlying technology blockchain? Eleesa Dadiani owns and runs an art gallery in London’s famous Cork Street. She was born in Georgia in the Caucasus and was ...
Mastercard Expands QR Payments Choice
July 20th, 2017
Mastercard outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs. Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants ...
Australian banks to deliver enhanced cross-border payments experience to their customers
June 7th, 2017
SWIFT announces today that the 4 major Australian banks, Australia and New Zealand Banking Group, Commonwealth Bank, National Australia Bank and Westpac are part of over 70 banks around the globe which are now live or planning to implement ...
