Visa’s Major TSP Expansion Targets Embedding Things Paying for Things

Eight out of 10 Americans have a strong interest in using connected devices to make purchases, with a keen eye toward security and data concerns. Meanwhile, Visa confirms it has signed 13 new partners to participate in its token service provider (TSP) program, as the payments industry shifts from plastic to digital and broader access…

30K+ Attendees to Check-Out Mobile World Congress Americas in Sept

Mobile World Congress (MWC) Americas will debut September 12-14 in San Francisco at the Moscone Center and will be the premier mobile industry event for the Americas. Under the theme “The Tech Element”, Mobile World Congress Americas will be expecting 30,000 professionals from across the mobile industry and adjacent industry sectors to attend. The exhibition…

Mastercard on a Roll in Combining Financial Inclusion with Digital Payments

With more than two billion people still excluded from the mainstream of financial services, Mastercard is at the forefront, stepping up its efforts to increase financial access for citizens around the world by developing innovative payment solutions that enhance the adoption of cashless transactions and by stitching together strong public and private alliances that accelerate…

Egypt’s Bee Mobile Wallet Integrates with the Mastercard Payments Ecosystem

Mastercard is adding Bee, the smart payment solutions provider in Egypt, as a key player to its interoperable mobile ecosystem. Bee is now fully integrated on Mastercard ecosystem to expand mobile wallets payments options. The relationship with Bee offers complete integrated solutions that allows mobile wallet users to pay directly through the application and avail…

PayPal Stays Hot Despite Q1 Seasonal TPV – Margins Slide Again

PayPal continues to gain market share as total payment volume (TPV) and total payment transactions (PTX) soared 22% year-on-year (YOY) in the first quarter (1Q/17). However, the transaction margin continues to slide for the fifth consecutive quarter, down 370 basis points (bps) YOY and down 100 bps from 4Q/16, according to CardData. PayPal crossed the…

KinerjaPay Lands Two Major Indonesian C-Store Chains as Expansion Accelerates

Digital payment and e-commerce platform, KinerjaPay” has inked Indomaret and Alfamart, two of Indonesia’s largest convenience store chains, will now allow customers to make payments on any transaction performed inside KinerjaPay platform. KinerjaPay notes as the vast majority of our customers do not have bank accounts or credit cards, virtually all transactions are made with…

Stodgy Bankers Fail to Grasp Transactions are Consolidating to Mobile Devices

While financial institutions (FIs) are rapidly shifting to digital and mobile banking to increase interactions with customers, they can benefit by enabling “mobile cash access” for account holders. This method essentially lets a banking customer substitute a smartphone for an ATM, debit, or prepaid card and its associated PIN to withdraw cash at an ATM…

All-Digital Payment Service Masterpass Inking Deals From Vending to Africa

Masterpass continues to expand globally reaching into the far corners of the world. Masterpass empowers issuing partners to deliver a bank-branded, all-digital payment solution. More than 80 million accounts have been automatically enabled through issuing partners as the service rolls out globally. The enhanced digital payment functionality helps issuers differentiate existing products, including mobile banking…

Chinese Messaging & e-Commerce Platforms Power Digital Payments to the Stratosphere

Alipay and WeChat Pay enabled a gargantuan US$2.9 trillion in Chinese digital payments last year, representing a 20-fold increase in the past four years. This shift could increase GDP across developing economies by 6% by 2025, adding US$3.7 trillion and 95 million jobs. The new report by the UN-based Better Than Cash Alliance, Social Networks,…

Online Consumer Payments to Capture 20% of Market; Americans Wary of Cybersecurity

Online commerce payments are growing sharply in developed countries, but in North America there is angst among consumers with cybersecurity. China overtook the US as the world’s largest online commerce market two years ago, with Chinese consumers spending a total of $699 billion online in 2015. About 20% of the total value of online commerce…

High Quality Payments Innovation Summit Coming to Frisco in November

The Payments Innovation Summit, produced by UK-based Argyle’s Innovation Enterprise, is slated for November 9 and 10 in San Francisco. More than 150 top level payments and commerce professionals are expected to attend. There will more than 25 industry expert keynote presentations and over 20 case studies presented from Fortune 500 companies. Topics covered are from the…