Payments News

On The Web

nbsp;

Global

Amsterdam Gets Tap-In Tap-Out Open Loop Contactless Fare Payments

“Passengers travelling on bus, train, tram and metro services in the Dutch capital and surrounding areas can now pay their fares by tapping onboard readers or ticketing gates at the beginning and end of their journey with their contactless debit or credit card or with their Apple or Android NFC smartphone. Public transport providers GVB and EBS have launched […]
nbsp;

Global

Payments Council Launches Common Icon Library for Uniformity, Fraud Prevention [India]

“The Payments Council of India (PCI), the apex body of payments and settlement players in the country, has launched an initiative named ‘Project Pratima’ to standardise icons for payments across apps and platforms to make it easier for customers to identify digital payment icons. Gaurav Chopra, Executive Director of PCI told Moneycontrol, “It is a project which […]
nbsp;

Global

Central Bank Digital Currencies [CBDC] Global Development Update – Africa, France, India, Ukraine

“National and regional governments around the world have been exploring central bank digital currencies (CBDCs), powered by distributed ledger technology (DLT). CBDCs are similar to cryptocurrencies, however, they are issued and regulated by the central bank or monetary authority of a region; they are pegged to the fiat value of the issuing country or region. Some central banks […]
nbsp;

Global

Vodacom Launches Fuliza-Like Service in DRC

“Vodacash is launching its new service M-Pesa Rallonge in the DRC to allow customers to financial assistance from their cell phones. M-Pesa Rallonge is a new service dedicated to M-Pesa users with zero or insufficient balances. Users will be able to take advantage of this service to get an instant overdraft and top up their […]
nbsp;

Global

Transforming Ecommerce with PowerBoard

“The role of a bank in ecommerce in Australia is changing, with the launch of CBA’s new platform PowerBoard. With this solution, selected merchants will be able to “plug in” to the platform once and deploy their ecommerce offering, gaining access to a range of payment methods which can be seamlessly switched on for their […]
nbsp;

Global

ABA Bank Launches First Instant Card Issuance Kiosks in Cambodia

“ABA Bank, a financial institution in Cambodia, has become the first bank in the country to launch instant card issuance kiosks using Compass Plus Technologies solutions. This new service enables the issuance of international debit cards (Visa, Mastercard, and UnionPay) and local Cambodian Shared Switch (CSS) cards via self-service kiosks, ensuring the bank’s customers receive debit cards […]
nbsp;

Global

India’s Retail Digital Currency Pilot Launches on December 1st

“The Reserve Bank of India (RBI) has announced its first retail digital Rupee pilot will commence on December 1, 2022. “The pilot will test the robustness of the entire process of digital rupee creation, distribution and retail usage in real time,” said RBI. The pilot works like this: Participating banks distribute the e-rupee (e₹-R), in the same […]
nbsp;

Global

PesaPal Unveils M-Pesa Tap And Go Feature

“Electronic payments firm Pesapal has unveiled a M-Pesa tap and go pay feature, allowing customers to pay for goods and services seamlessly. The Supertap platform enables Pesa mobile users to simplify Mpesa payments at the thousands of merchants using Pesapal Sabi POS machines. Customers can now tap their phones on Pesapal Sabi POS machines to […]
nbsp;

Global

Brazil Approves Bill Regulating Use of Bitcoin as Payment

“Brazilian lawmakers have approved a complete regulatory framework for the trading and use of cryptocurrencies in the country. Voted on Tuesday evening in Brasilia, the country’s capital, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South […]

On The Wires

nbsp;

Global

India Extends Deadline to Levy Cap on Digital Payment Transactions

“India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec. 31, 2024, the National Payments Corporation of India (NPCI) said on Friday. The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30% of the total […]