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WeChat Pay at the Point of Sale in the UK
WeChat Pay, a widely adopted e-wallet payment solution in China and the iconic Camden Market, London’s fourth biggest tourist destination, is the first in the UK to make WeChat Pay available at the point of sale. Chinese tourists and the UK’s Chinese community will now be able to shop using their preferred payment method as [...]
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SEPA Instant Credit Transfer scheme goes live
The Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council (EPC) is operational. As of today, nearly 600 payment service providers (PSPs) from eight European countries are offering instant payment solutions based on SCT Inst. This is only the beginning of the European journey towards instant payments. [...]
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AmEx partners with Ripple for blockchain-enabled cross-border B2B payments
American Express has announced the introduction of blockchain-enabled, cross-border B2B payments. The American Express FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, reducing the time and cost of settlement, Santander UK is the selected partner to initiate this new transaction channel, which has the potential to expand substantially [...]
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Microsoft rebrands Microsoft Wallet to Microsoft Pay
Microsoft has rebranded its built-in payments framework on Windows 10 from Microsoft Wallet to Microsoft Pay, following in the footsteps of Apple and Google with Apple Pay and Android Pay. The name change comes via an update from the Microsoft Store, which updates the Wallet UI to say Pay instead. The new app is designed to make [...]
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The shifting sands of banking: Highlights from Mobey Day 2017
We are approaching the most critical juncture in the history of modern banking. The impact of regulation, in concert with the increasing deployment of transformative technologies, is permanently altering the way banks operate and do business. Banks as ‘connectors’ imaginBank’s David Arranz used his keynote address to set the tone, leaving delegates in no doubt [...]
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