Western Union advanced its direct-to-bank transfers allowing customers to send money in minutes to major Indian banks. Western Union has successfully linked its retail agent network and digital transactional sites in select countries to move money in minutes to account holders of select banks via India’s revolutionary Immediate Payment Service (IMPS).
Entrust Datacard launched the first integrated instant issuance kiosk solution in South Asia with State Bank of India (SBI). This is also the first instant EMV chip card personalization application in Asia – which follows the Reserve Bank of India’s (RBI) regulation.
MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 20.0% on a local currency basis in the third quarter (Q3/14) to US$57 billion. On a US dollar basis PDV was also up 9.4%, according to CardData.
Sionic Mobile has launched a mobile rewards, payments initiative for merchants located in Atlanta’s Midtown district. With the new Midtown Loyal merchants create compelling promotions for nearby smartphone consumers, accept secure mobile payments and reward customers instantly based on their purchase amount.