Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

UnionPay confirms its chip card standard licensing cooperation with seven member institutions of Asian Payment Network (APN). With this cooperation, the major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and card issuance. UnionPay acceptance network has expanded to 160 countries and…

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…

Safdar Khan

MC Names Division President for Indonesia, Malaysia and Brunei

MasterCard has ankled Safdar Khan as Division President for Indonesia, Malaysia and Brunei, responsible for delivering increased value to Mastercard stakeholders by driving the implementation of the company’s digital payment technologies. The new role and division will be headquartered in Jakarta, where Mr. Khan will be based, and recognizes the growing importance of the developing…

Mexico FinTech to Offer Financial Inclusion

Mexico FinTech to Offer Financial Inclusion

Financial Technology companies (FinTech) are becoming important players in the Mexican financial system and could support financial inclusion. As a Latin American market with significant growth opportunities for FinTech, these companies could help increase the country’s financial intermediation levels, which are among the lowest in the region. Fitch Ratings says according to Inegi’s (National Institute…

Epik Integrates Bitcoin for Domain Name Registration

Epik has integrated Bitcoin as a supported method for payment and disbursement. Epik is known in the domain name industry as a full-service, all-inclusive registrar that is committed to protecting the interests of registrants through such practices as free whois privacy, commission-free marketplace, and free advisory services for customers navigating intellectual property inquiries. The company…