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BFC Bank launches in UK as specialist provider to PSP’s and MSP’s
BFC Bank, owned by BFC Group, is the latest bank to launch in the UK promising to act as a new, specialist bank that offers reliable, safe banking services to Small and Medium Enterprises (SME’s), Payments Service Providers (PSP’s) and Money Service Providers (MSP’s) that trade internationally. BFC Bank makes it clear that it has [...]
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China hits in record $12.8 trillion in mobile payments transactions
Chinese mobile payment transactions reached a record 81 trillion yuan ($12.8 trillion) between January to October 2017, driven by huge number of consumers and merchants who have looked to more convenient cashless systems. The 10-month total surpassed the 58.8 trillion yuan in mobile payment transactions on the mainland during the whole of 2016, according to the [...]
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GSMA report highlights success of mobile money with over 690 million accounts
The GSMA has released its seventh annual ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact that greater financial inclusion has on lives, economies and innovation. The report provides the only comprehensive picture of mobile money around the globe. Today, with more than [...]
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Faster payments equal real-time fraud – the Zelle story
There has been an increasing amount of fraud perpetrated against Zelle, the mobile P2P platform running on faster payments rails and backed by the biggest banks in the US. The scam itself is straightforward, a Craigslist user reaches out to a seller on the marketplace to buy something like concert tickets. The seller, in turn, asks the [...]
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Australia’s new Faster Payments platform officially launched
Australias new Faster Payments platform has been officially launch and is the result of collaboration between 13 members of Australia’s financial services industry, including Australia’s four major banks and the Reserve Bank of Australia. Services that use the Faster Payments platform’s capabilities will commence rolling out soon from about 60 banks, building societies and credit [...]
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