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UnionPay accounts for 45% of global cards spending – Visa still on top
New research shows that spending on payment cards continues to grow strongly, expenditure rose by 13% to reach $35 trillion in 2019. There were a number of factors driving this... more
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EC approves Mastercard acquisition of Nets subject to conditions
The European Commission announced it will approve, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of... more
The post EC approves Mastercard acquisition of Nets subject to conditions appeared first on Payments Cards & Mobile.
Click to Pay digital checkout experience goes live globally
American Express, Discover, Mastercard and Visa have announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV Secure... more
The post Click to Pay digital checkout experience goes live globally appeared first on Payments Cards & Mobile.
Mastercard defends £14 billion interchange fee action in supreme court
Mastercard is facing a claim of up to £14 billion in a landmark UK collective action case over interchange fee charges that were passed on to shoppers. This week, a... more
The post Mastercard defends £14 billion interchange fee action in supreme court appeared first on Payments Cards & Mobile.
Mastercard updated Q2 2020 operating metrics reflect COVID-19 impact
Mastercard has updated its operating metrics with an additional two weeks of information, in which it is monitoring the impact of the COVID-19 pandemic and related actions being taken by... more
The post Mastercard updated Q2 2020 operating metrics reflect COVID-19 impact appeared first on Payments Cards & Mobile.
