On The Webnbsp;
"Wells Fargo & Company (NYSE:WFC) announced today that, for the first time, its customers are now the country’s largest users of debit and prepaid cards by purchase volume, according to 2016 data issued by The Nilson Report. The new ranking, released in The Nilson Report’s April 18, 2017 issue, shows Wells Fargo customers used their debit and prepaid cards to purchase more than $306 billion in goods and services in 2016."
Wall Street Journal (Paywall) - "India’s second-most-valuable startup, the mobile-payments app Paytm, has a new target after proving itself more popular than credit cards. “We’re competing with cash,” said Madhur Deora, Paytm’s chief financial officer. “In India, we’re not competing with cards.”"
“If you want to use an e-wallet for international transactions, you have to be Know Your Customer (KYC) compliant as well. This month, when the Reserve Bank of India (RBI) released new guidelines for e-wallets and prepaid instruments (PPIs), it allowed some e-wallets and prepaid cards to be used for international transactions. However, there remain many […]
On The Wiresnbsp;
“Citi Treasury and Trade Solutions has successfully integrated SWIFT global payments innovation (gpi) into Citi’s Payment Flow Manager (PFM). SWIFT gpi is a new service which is transforming cross-border payments by increasing the speed, transparency and end-to-end tracking of payments.”
"Zain has signed a strategic partnership agreement with Mastercard, a leading technology company in the global payments industry, to boost digital payment services in Jordan through ‘Zain Cash’ mobile wallet service powered by Mastercard."