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Growth in global payment cards driven by expansion of banked population
Global Payment Cards Data and Forecasts shows that the Middle East and Africa (MEA) and Asia-Pacific were the fastest growing regions for payment cards in 2015, with card numbers up by 13% and 10% respectively. Underlying this double-digit growth are financial inclusion measures, such as digitalisation of salary and government benefit payments, which have yielded [...]
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Mobiles and money: reinventing financial services for Millennials
There is a very good new report on financial services for millenials from Telstra Global Enterprise Services titled Millennials, Mobiles and Money – The Forces Reinventing Financial Services which makes facinating reading. Rocky Scopelliti, global financial services industry executive at Telstra argues in the report that Millennials – born between the early 1980s and early [...]
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Real-time payments: the race against time
The world seems to have got itself into a great big, tearing hurry. Consumers can send and receive e-mail across the globe in near-real-time. They can download a movie to watch immediately, or buy groceries online for delivery within one-hour slots. The payments industry is also engaged in its own race against time, which is [...]
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Regulators increase cybersecurity standards at biggest banks
North American regulators have unveiled a new cybersecurity standard to bolster the ability of the country’s largest banks to withstand a major cyberattack, a move aimed at protecting the US financial system. The plan, released jointly by the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, would [...]
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Should Japan regulate the virtual currency PokeCoins from Pokémon Go?
The Financial Services Agency of Japan is set to decide on what will be a landmark decision on the status and securitisation of PokeCoins, the virtual currency used to breed monsters in the hit mobile game Pokémon Go. The FSA, which has not formally disclosed when it will make its ruling, is debating the PokeCoins [...]
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