UnionPay has signed comprehensive cooperation agreements with the top three Indonesian acquirers to substantially expand its acceptance footprint in the market, and to better support the implementation of the Belt and Road strategy. These three acquirers are BCA, the biggest private bank in Indonesia, and Mandiri and BRI, two major state-owned banks. It is estimated…
Telkomsel Indonesia has launched its digital wallet for its 140 million subscribers. The TWallet is powered by Mozido in partnership with Verifone, and Finnet Indonesia.
Great Indian (GI) Retail Group, one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups, has been acquired Germany’s Wirecard.
The 14th JCB World Conference held in Bali this week was a smash hit. Approximately 510 people from about 200 partner companies and financial institutions in 32 countries and territories participated in the conference.
Telkomsel Indonesia the largest mobile network operator (MNO) in South East Asia has hooked up with Verifone Mobile Money and Finnet Indonesia to introduce TCash Tap to merchants across Indonesia, allowing Telkomsel’s more than 140 million subscribers to tap and pay using their mobile device.
Eight out of ten global shoppers’ purchase decisions are now informed by a digital device, with consumers saying they are smarter shoppers and getting more value than before. However, though in-store sales still account for more than nine-tenths of all retail spending, the result is a more focused in-store shopper buying from a narrower list of unique stores than in years past.
At the Clinton Global Initiative (CGI) Annual Meeting closing plenary, Tata Communications and MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women.
A new MasterCard study reveals digital wallets are the main topic of discussion online when it comes to payments innovation in some of the world’s biggest emerging markets including India, China, Indonesia, Malaysia, Nigeria and the UAE.
Eight out of 10 global shoppers’ purchase decisions are now informed by a digital device, with consumers saying they are smarter shoppers and getting more value than before. However, though in-store sales still account for more than 90% of all retail spending, the result is a more focused in-store shopper buying from a narrower list of unique stores than in years past.
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData.
In today’s CardFlash News Que; THREATMETRIX (Cybercrime); B2C and E-COMMERCE (Thailand);.
The number of Chinese outbound tourists in 2014 totaled 107 million, a year-on-year growth of 19.5%, making China the largest tourist exporting country in the world for three consecutive years. This bodes well for China UnionPay which is almost exclusively rules the payment card for these tourists.