Payments News

On The Web

nbsp;

Global

IDEX Biometrics Launches Its First Biometric Payment Card in Turkey

“IDEX Biometrics has launched its first biometric payment cards in Turkey in collaboration with an unnamed issuer. These cards are expected to be in consumer hands by Q1 2023. This move comes shortly after IDEX announced a partnership with card manufacturer E-Kart. It claims Turkey is one of the largest payment card markets, with 240 million […]
nbsp;

Global

Bitcoin Tumbles After Turkey Bans Crypto Payments Citing Risks

“Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official Gazette, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly […]
nbsp;

Global

Turkey’s BKM unveils checkout-free payments

“Installed at a music and bookstore in Istanbul, the system requires a shopper to use a POS device to scan the barcodes on items they are buying. A QR code then appears on the POS screen, which the shopper scans with the BKM Express app on their phone before getting a notification of the transaction.”