Payments News
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Global

MTB, Mastercard to Launch Bangla QR

January 9 2020

“Mutual Trust Bank (MTB) Limited is going to launch cashless transaction with an app in the metropolises and later gradually in other parts to boost e-commerce and digitalization in economy. The app, Bangla QR, an interoperable Quick Response (QR) code-based payment acceptance solution, is the latest technology in the banking industry aimed at easing transaction. The […]

On The Web

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Global

Grab, Singtel Partner up in Bid for Singapore Digital Bank Licence

December 30 2019

“Grab and Singtel have teamed up in a bid to snag one of a handful of digital bank licences to be issued in Singapore, where the ride-sharing operator and telco will be looking to target “digital-first” consumers and small and midsize businesses (SMBs). The two partners plan to form a joint entity, with Grab owning […]
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Global

China’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report – CoinDesk

December 9 2019

“The tests are likely to include the participation of state-owned partners. These comprise the “Big Four” commercial banks – the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China – and three telcos, China Telecom, China Mobile and China Unicom. The pilots will see the digital […]
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Global

IDology’s ExpectID to Offer Integrated Global Capabilities, Enabling Secure and Frictionless Identity Verification Across Borders

January 15 2020

“IDology , a GBG company, today announced that its ExpectID solution will incorporate additional countries from North America, South America and Europe. By internationalizing the leading identity verification platform, multi-national organizations will be able to verify and authenticate more customers safely, in real time and without friction.  ExpectID uses an innovative, multi-layered process to access thousands of data sources […]
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Global

A Chinese Super App Is Facing Claims of Predatory Consumer Lending in Nigeria, Kenya and India

January 21 2020

“OKash and OPesa, the Africa-focused consumer lending apps of Opera, the Chinese-owned internet browsing giant, appear to be flouting Google’s Play Store policies. In a report this week , equity research house Hindenburg Research suggested that Opera’s Android-based lending apps in Nigeria, Kenya and India typically require loan repayments within a 30 day period—less than […]
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Companies

China’s $7.6 Trillion Online Payments Market Is No Longer Enough For Jack Ma’s Ant Financial

January 17 2020

“Jack Ma’s Ant Financial grew to become one of China’s largest fintech platforms by providing e-wallet services and online investments to hundreds of millions of consumers. But amid mounting regulatory pressure, Ant has sights on a new market. Ant’s president of advanced technology business group, Geoff Jiang, told FORBES ASIA in an interview that the […]
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Global

Opinion: Canada’s Sub-standard Payments System Is Only Supporting the Incumbent Banks, Not Canadians

January 15 2020

“As a course correction, Finance Canada must seek legislative amendments to the Canadian Payments Act authorizing paytech companies as eligible members of Payments Canada and enshrining competition as a stated public policy objective for the payments system. Furthermore, the Minister of Finance should issue a directive to Payments Canada requiring the completion of the proposed […]

On The Wires

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Global

UnionPay International and PayPal Enter Global Partnership Agreement to Accelerate Growth of Digital Payments

January 22 2020

“UnionPay International (UPI) and PayPal (NASDAQ: PYPL ), today announced a global partnership where both companies will work together to accelerate the growth of their networks. As part of the agreement, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted – giving UnionPay cardholders more choice when shopping. In the future, UPI will explore opportunities to support PayPal’s merchant and […]