While ATMs in Cuba have been accepting China UnionPay (CUP) cards since 2013, merchant acceptance of CUP cards is expected this year. Cuba is getting more popular among Chinese tourists as no visa is required for Chinese citizens.
MasterCard plans to work with the Egyptian government to roll out a digital ID program that links citizens’ national ID to the existing national mobile money platform, allowing Egyptians to participate in the formal electronic economy through a single, easy-to-use cashless program.
VA-based Intelishift Technologies now accepts payment in Bitcoin. Colocation providers can now pay for their colocation hosting services using the virtual currency. A peer-to-peer type of payment, users can make transactions using Bitcoin without needing an intermediary.
Digital currency, AppleByte, is ready to take crowdfunding to prime time with the launch of an Indiegogo Campaign to raise money for artists worldwide. While AppleBytes re largely person-to-person, they can be purchased with either a credit card or bitcoin.
Ingenico Mobile Solutions has unveiled the industry’s first audio-jack based NFC/contactless mobile card acceptance solution with support for Apple Pay, MasterCard contactless and Visa payWave. Ingenico was the first to develop combined EMV and NFC features in smart terminals in the US and globally.