On The Web

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Global

As U.S. Contactless Card Payments Ramp Up, Canada and the U.K. Point the Way to Mass Adoption

May 22 2019

• in
• Contactless

“Canada’s largest merchant acquirer, Toronto-based Moneris Solutions Corp., says that in the first quarter contactless for the first time accounted for more than half of card-present transactions—51.5%. Contactless payments grew nearly 25% year-over-year while overall credit and debit card spending rose only 2.5%, Moneris reported. Meanwhile, nearly one-third of all credit and debit card transactions in […]

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Global

Venezuela to Ditch Visa & Mastercard by Early 2020 – Reports

May 21 2019

• in
• Venezuela

“The central bank of Venezuela will develop an independent national payment system to get rid of international giants Visa and Mastercard in response to US sanctions, according to local media citing the regulator. The document, which also separately mentions multi-national debit card service Maestro owned by Mastercard, orders a suspension of debit card operations starting […]

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Global

PayMaya Expands Boracay’s First ‘cashless’ Ecosystem With QR Payments

May 20 2019

• in
• Phillippines
• QR codes

“PayMaya is now the preferred payment option in some of the merchants in Boracay where users can pay using their app via PayMaya QR, including restaurants like Spice Bird in D’Mall, Titos near Station 2, and Sunny Side Café in Station 3; convenience store like Budget Mart; and Epic Bar, among many others. This is […]

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Global

Starbucks Rewards Chinese Customers With Mobile Order & Pay Service

June 5 2019

• in
• China

“Coffee giant Starbucks has begun rolling out its Starbucks Now mobile-based, pre-order and pay service to 300 stores in Beijing and Shanghai . The company plans to introduce Starbucks Now across China this year as it seeks to build a closer relationship with its customers in the country. The Mobile Order & Pay service is […]

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Global

Sberbank to Open First Branch in McDonald’s Restaurant

June 10 2019

• in
• Banks
• Russia

“Under the agreement, signed at the St. Petersburg International Economic Forum, the companies intend to partner in card acquiring and a number of other more innovative areas such as using technical systems to analyze data, developing consumer behavior analysis systems, speeding up bank card payments, developing a payroll project for employees, and the opening of […]

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Global

PayU Launches Operations in Kenya to Enable Global Organisations Seamless Access to East African Markets | Africanews

June 11 2019

“PayU’s successful Kenyan operation has been approved by the Central Bank of Kenya, cementing its standing and local approval. The launch of PayU in Kenya provides organisations with on-the-ground local liaisons, strong relationships, improved stability and reduced downtime, and localised customer support. With PayU Kenya, users are able to transact in volume at the approval […]

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Global

Conflict in Paraguay for tariffs charged by VISA and MasterCard to restaurants

June 12 2019

• in
• Paraguay

Translated: “This weekend, 150 local members of the Restaurant Association of Paraguay will not accept Visa and Mastercard credit cards. This is due to a claim to the card brands for the percentage that they discount to the businesses.”

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Global

3 Biggest Fintech Trends Shaping Latin America

June 10 2019

• in
• Fintech
• Latin America

“Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American population with smartphones hit 61% , and LAVCA predicts it will reach 76% by 2025. In Brazil, for […]

On The Wires

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Global

Provider of Solutions for Global Payments From Silicon Valley Officially Launches Operations in Brazil

June 11 2019

• in
• Brazil

Ripple, the global leader in enterprise blockchain solutions for cross-border payments, launches operations in Brazil to expand its footprint in South America. In addition, Ripple is also bringing on seasoned fintech entrepreneur and executive Luiz Antonio Sacco as managing director to drive strategy and build the Ripple ecosystem in the region.

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Global

RBI publishes ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

May 28 2019

• in
• India

“The Reserve Bank of India has today placed on its website the “ Payment and Settlement Systems in India: Vision 2019 – 2021 ”. The Payment Systems Vision 2021 with its core theme of ‘Empowering Exceptional (E)payment Experience’ aims at empowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, […]