Other Breaking News
In today’s CardFlash News Que: VISA (Movember); American Express (Presido); SYNCHRONY (DoD); and REPORTLINKER (Europe).
Europe Online Payments
CardWeb.com’s CardData Reports today features the
“Europe Online Payment Methods: First Half 2015” by yStats.
Global e- & m – Payments
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.
e-Commerce Europe 11/14
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..
Global E-Payments
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.
ACLEDA Bank Extends mFinancial Services with Fiserv
Fiserv financial services technology solutions announced that ACLEDA Bank has extended its ACLEDA Unity mobile banking and payments service to segments using “Mobiliti Reach” from Fiserv. The bank has offered Fiserv-supported mobile financial services to its customers since 2010, can now provide mobile account and payment capabilities to consumers who do not have an existing banking relationship of any kind. Mobiliti Reach enables consumers without a banking relationship to create and fund an ACLEDA Unity mobile only account (called a ‘Unity Account’) from which they can complete transactions. Popular transaction types include person-to-person payments, bill payments, mobile phone top ups and cash deposits and withdrawals via ACLEDA branches, ATMs and offline offices. This helps ACLEDA fulfill their commitment to be a leader in the development of the Cambodian economy by providing secure, technologically advanced banking services.
ECOBANK GHANA CARD
ECOBANK Ghana has introduced the first VISA Gold credit card in Ghana.
With 19 branches in the African region, ECOBANK is marketing the card
for travel convenience toward government, government officials, ministries,
departments and agencies. The card is also marketed toward employees of
companies, high net worth individuals, professionals, artisans, and
traders as
easy to obtain. The card can be used in 30 million outlets in the world and
more that 800,000 ATMS with the Visa logo.
Asia/Pacific Retail Sales Poised to Recover
Retail sales growth in most Asia/Pacific markets is poised to recover from the devastating impact of SARS. According to the inaugural “MasterIndex of Retail” forecast released last week by MasterCard International, China is poised to lead in year-on-year percentage growth, with healthy growth expected from Thailand, Indonesia, the Philippines, Australia and New Zealand. Marginal growth is anticipated in the remaining markets with the exception of Korea and Singapore, which can expect to see retail sales shrinking over the next six months. The forecast for the second half of the year revealed that China tops the region for retail sales growth with forecasted 6.8% year-on-year growth.
RETAIL SALES 2H/03
Retail sales growth in most Asia/Pacific markets is poised to recover from the devastating impact of SARS. According to the inaugural “MasterIndex of Retail” forecast released by MasterCard International, China is poised to lead in year-on-year percentage growth, with healthy growth expected from Thailand, Indonesia, the Philippines, Australia and New Zealand. Marginal growth is anticipated in the remaining markets with the exception of Korea and Singapore, which can expect to see retail sales shrinking over the next six months. The forecast for the second half of the year revealed that China tops the region for retail sales growth with forecasted 6.8% year-on-year growth. Taiwan shows healthy signs of recovery from the outbreak with an expected 4.8% growth. Even in Hong Kong, marginal growth of 0.8% is predicted over the same period last year. South East Asia shows a positive outlook, with retail sales in Thailand, Indonesia and Philippines forecasted to expand by 5.5% year-on-year, and Malaysia expected to grow by 0.5%. Singapore, whose consumers are still pessimistic, is the only market in this sub-region that is anticipated to decline by 1.5%. Korean consumers deepening pessimism manifests itself in the expected 2.5% retail sales contraction over the second half of last year. Japan is forecast to grow by 0.3% year-on-year. The Australia and New Zealand retail sectors are looking reasonably strong with anticipated 3.3% and 2.5% year-on-year growth respectively.