Chinese payments giants Alipay and WeChat Pay have announced they plan to open up their mobile wallet platforms to international card schemes as regulators ease restrictions. The apps, which dominate... more
The post Alipay and WeChat Pay to support international card schemes in mobile wallet appeared first on Payments Cards & Mobile.
Tokenisation has become an important component of enabling secure payments in Canada, and the payment networks are using it to extend their reach and control over the payments ecosystem, according... more
New research shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. The research indicates that financial inclusion initiatives... more
The post Continued growth in China cements UnionPay as the world’s largest card scheme appeared first on Payments Cards & Mobile.
Consumer purchase volume running through the Mastercard network rose by 14% during Q3 2019, accelerating slightly from Q2, driving revenue and earnings per share past Wall Street’s expectations. Revenue at... more
The post Consumer purchase volume send Mastercard beyond results expectations appeared first on Payments Cards & Mobile.
NatWest is piloting fingerprint based biometric credit card with 150 customers, in partnership with Mastercard and Gemalto, it is the first biometric credit card issued by a UK bank. The... more
The post NatWest first UK bank to launch biometric credit card appeared first on Payments Cards & Mobile.