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UK e-commerce market set for strong growth powered by Wallets
The UK will be the world’s third biggest market for e-commerce in 2021, growing by an average of almost 10% over the next five years according to new data. In its annual payments report, Worldpay found that UK e-commerce will be worth £203bn ($268bn) by 2021, putting the country behind only China and the USA [...]
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Orange launches its own mobile bank – Orange Bank
Orange has launched its own mobile bank, Orange Bank, aiming to win 25% of France’s online banking market by capitalizing on the rising use of smartphones to steal share from established lenders with inferior technology. The launch is part of a push by the French firm to find alternative revenue streams and retain clients in the [...]
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Australian Banks partner for mobile P2P payments JV – Beem
Three of Australia’s largest banks, The Commonwealth Bank(CBA), National Australia Bank (NAB) and Westpac have partnered to create a new mobile P2P payments platform, named Beem. In the wake of their battle with Apple Beem is an apparent bid to compete with new companies entering the finance sector. Beem is designed to allow customers to have a digital wallet [...]
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Visa launch real-time payments platform Visa Direct in Europe
Visa has announced the European launch of Visa Direct – a real-time payments platform that allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for businesses and consumers. Visa Direct enables person-to-person (P2P), business-to-consumer (B2C), and business-to-business (B2B) payments. With Visa Direct, funds can be transferred into the recipient’s [...]
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Unlocking the next-generation of powered payment cards
Powered payment cards become powered when they take on interactive form factors such as biometric sensors and Dynamic Code Verification (DCV). In total, 213 million powered payment cards are forecasted to ship in 2022, according to the latest report by ABI Research. This number is made up of a combination of DCV cards, biometric sensor cards [...]
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