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According to Reuters, about 70 lawmakers from the ruling party feel a digital yen is needed to counter the approaching launches of Libra and China’s own digital currency. The effort... more
The Digital Dollar Project is a not for profit effort, in collaboration with Accenture, to advance exploration of a United States Central Bank Digital Currency in order to advance the... more
The post US multi-stakeholder initiative launches The Digital Dollar Project appeared first on Payments Cards & Mobile.
The global smart card market is expected to exceed $65 billion by 2025. The rise in privacy and data security concerns in financial transactions will drive the industry growth over... more
The post Global smart card market expected to reach $65 billion by 2025 appeared first on Payments Cards & Mobile.
The People’s Bank of China, it’s central bank says it has accepted an application from a unit of American Express regarding starting operations in China – clearing a major hurdle... more
The post American Express moves closer to entry to $27 trillion Chinese market appeared first on Payments Cards & Mobile.
Developments in technology leading to contactless payment cards have led to several trends in the past years. POS payments grew stronger while cash withdrawals at ATM by card declined; card... more