Next week is the important World Economic Forum on East Asia in Jakarta (Apr 19-21). MasterCard released the latest findings of basic finance knowledge and skills across Asia/Pacific and discovered a stall in 12 of 16 countries with record lower scores in the latest Financial Literacy Index.
eBay continues to rejigger the upstair suits as it prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
PreCash has inked a partnership with ProPack, developer of the productivity toolbox app for Android devices, to include its Evolve Money bill pay application in ProPack’s productivity bundles.
Sionic Mobile has ankled Spencer White as Chief Operating Officer and EVP Business Development. With more than 25 years experience, White co-founded Softcard (the AT&T, Verizon and T-Mobile mobile wallet joint venture – formerly Isis) whose technology was recently purchased by Google.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely $473 billion in the first quarter. VS + MC debit card GDV will likely rise to $621 billion in Q1 says CardData
The number of Visa and MasterCard credit and debit cards-in-force (CIF) in the U.S. will grow by 8.1% in 2015. Forecaster RAM Research projects 9.9% in credit CIF and 6.4% in debit CIF this year.
Zimbabwe’s Steward Bank has rolled-out the first MasterCards in the country. The new MasterCard World Rewards credit and debit cards are targeted at cosmopolitan customers.
Malaysia Airlines is taking-off with special deals and benefits for all MasterCard debit and credit cardholders purchasing air tickets. The deals are effective from April 13; the offers will be valid till July 13 for purchase, and the travel period extends to July 31st, 2015.
PokitDok introduced its Health Credit Outcome (HCO) product, designed to aid qualification tools used by lending institutions, payment solutions, health systems and medical practitioners, as they make new financing options available to their customers for non-acute medical services.
TriNet Marketplace, one of the nation’s largest employee benefits marketplaces, has inked a deal with Kashable, an alternative consumer lending program for employees. As part of the agreement with TriNet, Kashable loan programs are now available to all 250,000 employees of its clients nationwide.
GE announced it intends to return its focus on making stuff instead of making consumer loans. Under the plan, GE expects that by 2018 more than 90% of its earnings will be generated by its high-return industrial businesses, up from 58% in 2014.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Fábio Lenza, Vice-President of Individuals at Caixa Econômica Federal.