Portugal’s largest credit card issuer and acquirer Unicre and the only local bank card transaction processing institution SIBS have joined hands with China UnionPay to bring card merchant acceptance coverage to 80%.
Latvia-based payment service provider (PSP) RegularPay is now offering rates starting from 1.9% per transaction with a 10% rolling reserve and diminishing amounts inversely proportional to transactions. Merchants are also able to make payments on their clients’ credit cards, even exceeding the limit of deposit.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
Household spending ramped-up a tad more for Visa Europe in the U.K. during April, jumping 2.0% year-on-year (YOY) and 1.1% sequentially. Furthermore, expenditure growth was also recorded
on both the monthly and quarterly measures, indicating a broad-based improvement in underlying expenditure trends.