Visa payWave based contactless payment option has been implemented in QIWI payment services. The Company has combined НСE1 technology with a co-branded Visa QIWI Wallet: now e-wallet users can use their smartphones to pay anywhere Visa payWave contactless cards are accepted.
Europe is now the world’s third largest region by B2C E-Commerce sales, following North America and Asia. While non-cash payment methods, especially credit cards, dominate in the Western sub-region, cash on delivery and various alternative methods are most used in Eastern European countries but, the potential for mobile payments growth is real..
Amsterdam and San Francisco-based Adyen has closed $250 million in funding. The funding round was led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures.
Europe’s largest online market, the UK, was dominated by credit and debit cards in terms of payment methods in 2014, while a quarter of online shoppers dropped the purchasing process if their preferred payment method in not offered.
Russia and CIS payment services provider QIWI has inked a deal to acquire Money.Mail.Ru from Mail.Ru Group. Money.Mail.Ru is a payment service that allows users to make instant payments for goods and services via web interface or apps at any convenient time.
GlobalCollect payments service provider has signed a partnership agreement with QIWI plc payment services. As part of the deal, GlobalCollect has integrated QIWI into its portfolio of payment products. By adding QIWI to their payment mix, GlobalCollect merchants gain access to over 70 million consumers in Russia and the CIS. The company is already seeing strong demand across all industries, with gaming and digital media companies among the first to start accepting QIWI payments through GlobalCollect.
International business and payment platform Payelp Global announced its partnership and integration with Fortumo, which offers merchants “one-click” mobile payments in 79 countries worldwide. Fortumo, which has offices in the U.S. (San Francisco), Europe, China and India, not only offers mobile payments in the U.S. and Europe, but focuses on emerging regions and “hard-to-monetize” regions such as Latin America, Middle East, Africa, Central and Eastern Europe and Asia. Over 100,000 developers have already signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft.
Virtual Piggy partnered with Payelp Global e-commerce and business development platform, currently used by companies such as Valve, Riot Games, Skype, Apple iTunes, and PayPal. Their payment service processes over 446,000 transactions per minute and is available in over 74 countries on 300 different payment gateways. Virtual Piggy will integrate directly into the Payelp framework. Virtual Piggy is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 18 consumers in a safe, legal and effective manner. The award-winning technology serves as a family wallet that is available online or via mobile, and is 100% free to use. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within a parental controlled environment.
Visa Inc.’s Personal Payments platform has seen 89% growth in September 2012 since the year ago period in Asia-Pacific, Middle-East, Africa and Eastern Europe.The platform, which enables consumers to send money directly to eligible Visa credit, debit or prepaid cards around the globe, is now available to an estimated 200 million consumers through 74 leading financial institutions in 18 countries. Visa Personal Payments has seen rapid adoption among financial institutions and payment service providers with ICBC Bank in China; Standard Chartered Bank, Maybank and OCBC Bank in Singapore; Alfa Bank, QIWI and Russian Standard Bank in Russia; UAE Exchange in the Middle-East,Taishin International Bank in Taiwan and ICICI Bank and, State Bank of India in India.
BPC Banking Technologies Open System e-payment solutions for the global financial industry announced the winner of its 2011 Transformation Award. BPC conveyed top honors to Banca Transilvania, Romania for an initiative through which the Bank provided a first-of-a-kind customer service by supporting Western Union money transfers through the Bank’s ATM network. BPC’s clients are continually finding new and ever-more innovative ways to leverage BPC technology to yield powerful market advantages for their organizations. The BPC Transformation Awards seek to recognize and honor the creative spirit and remarkable accomplishments of our clients. National Reserve Bank, Russia received its award for an implementation of a complete in house processing system. The project was completed inside five months and has delivered a marked improvement in customer service at a significantly reduced TCO.