In today’s CardFlash News Que: VISA (Movember); American Express (Presido); SYNCHRONY (DoD); and REPORTLINKER (Europe).
Chinese tourists are flocking to the Czech Republic and the transaction volume of UnionPay cards in the Czech Republic has achieved a year-on-year growth of over 100% in the first three quarters of this year. Over 90% of duty-free shops at Prague Airport, the biggest international airport in the Czech Republic, accept UnionPay cards.
MasterPass. the digital payment solution, is now accepted in 24 countries around the world, with recent additions including Germany, Belgium, Hungary and Turkey. Since its 2013 launch, MasterPass has increasingly been making shopping easier for shoppers and retailers.
Citi signed an agreement with Erste Bank Hungary Zrt. and its subsidiary Erste Befektetési Zrt. (Erste Investment) to sell its consumer banking business in Hungary.
CardWeb.com’s CardData Reports today features the
“Europe Online Payment Methods: First Half 2015” by yStats.
Netherlands-based European payments provider CCV is now using Authentic, an intelligent payments platform from NCR’s Alaric. CCV plans to implement Authentic across Europe to support a new state-of-the-art payments processing solution it has developed for its customers, due to go live in December 2015.
Later this summer, Burger King will expand its use of MasterPass to its app which offers exclusive deals and allows users to locate the nearest restaurant, explore the menu, and pay directly with their phone. Starting this fall, Firehouse Subs will begin accepting MasterPass too.
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%.
China UnionPay is delivering more cardholder tourists to Central and eastern European countries than ever before. In 2014, the number of tourists traveling to China from Hungary and Czech Republic saw a year-on-year growth of about 12%.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features George S. Mayes, Jr., Executive Vice President and Chief Operating Officer of Diebold.
Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
In the fourth quarter tap transactions in Europe grew by 174 % year on year and tappers increased their usage by more than 20%. Transit is a proven driver of contactless adoption by consumers.