Payments News

On The Web

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India’s Millennial Credit Card Boom Runs Into Ambani

“For every 100 people in India, there are only three credit cards. A comparable penetration figure for the U.S. is 320. Statistics like these suggest that India’s first initial public offering of a credit card issuer is either an opportunity with boundless prospects — or a victim of arrested development. Which is it? The upcoming sale of shares […]

On The Wires

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Discover and Verve Mark Launch of Verve Global Card With First Transaction Event

“Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally. […]
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