Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

New Soldo Corporate Expense Prepaid Mastercard Targets UK & Italy

Soldo, a London-based FinTech, has ankled Germany’s Wirecard to power its Corporate Expense Prepaid Mastercard. This solution is part of Soldo’s multi-user spending account for businesses which can now take advantage of multiple Mastercard cards for use by employees, collaborators or company departments alongside an intuitive app and a sophisticated Admin Dashboard that allows a…

Green Dot Swallows the RushCard Prepaid Products for $150MM+

Prepaid card king Green Dot has inked a deal o acquire UniRush. The Company’s operating businesses include the RushCard, an online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a corporate payroll card provider. The acquisition, which maps to “Step Five” of Green Dot’s “Six Step Plan” to enhance shareholder value, materially expands…

Android M-Pay App boon Expands Functionality in Spain, Ireland & Germany

Users of the Android mobile payment app boon are now able to use their virtual prepaid credit card, which can be topped up and which forms the basis of the app, for mobile online purchases. The app issued by Wirecard offers a transparent overview of the entire transaction process. Wirecard, a supplier of internet technology,…

Opal Smart Card Ticketing System Future-Proofed for Open Loop Payments

Cubic is launching a trial, in early 2017, of an open loop payments ticketing technology to Sydney, Australia’s largest city. Cubic Transportation Systems inked a contract worth US$7.6 million, or AU$10.2 million, from Transport for New South Wales (TfNSW) for the trial. The trial will allow Sydney commuters of participating payment schemes to tap their…

Hawk Direct Enables Merchants to Manage Their Own B2B/B2C Gift Cards

Blackhawk Network has launched Hawk Commerce, a comprehensive, single source B2B and B2C solution for expanding, distributing and managing gift cards and egifts. At HawkCommerce.com, merchants now have one location where they can easily learn about many of Blackhawk’s solutions and request a demonstration. The launch of Hawk Commerce also introduces Hawk Direct, a digital…

Unified Transportation Payment Card Comes to Unbanked Filipinos

Oberthur Technologies has buddied with AF Payments to provide multi-purpose smart cards in the Philippines to allow end-users to have one single card to commute and pay in Manila. There is a significant number of unbanked consumers in The Philippines. In order to allow them to easily use transportation in Manila and in the same…

Briefs: PAYROC; CHOSEN; BLUEBIRD; and KOUPON

In Other News: PAYROC (acquisition); CHOSEN (NLA); BLUEBIRD (website); and KOUPON (Verifone) PAYROC-Payroc LLC, a leading merchant services and payment processing organization, announced today that it has acquired the assets of payment gateway and merchant account provider The iTransact Group, LLC. The transaction results in a notable expansion of Payroc’s payments business, adding 300 trusted…