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How do mobile wallets vary in different countries?
Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a number of different technologies, from mobile wallets to the launch of platforms like Apple Pay and Android Pay. These technologies are revolutionising payments, particularly for [...]
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Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure
Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to America’s national security. Ant announced a deal to buy MoneyGram for about $880m in cash almost a year ago, saying it would jump-start its [...]
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Five trends for payments in 2018
This past year has seen a number of significant changes in the payments industry. From new transfer methods to the PSD2 push, the demand for faster, smarter, and safer transactions has reached fever pitch. 2017 seems almost as though it was a primer, setting the stage for the game-changing payments progress promised in the coming [...]
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Ovum report: real-time payments key driver for $3.3 billion rise in technology spend
New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned by Icon Solutions is based on responses from more than 7,000 CIOs and other senior IT decision makers. The study shows that while implementing RTP [...]
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Islamic finance: time to go mainstream?
The Islamic finance industry has expanded rapidly in the last decade, growing at around 10-12 percent annually, according to the World Bank. We examine the underlying Shariah principles and how this could inform banking and financial services within the Muslim world and more widely. Shariah-compliant financial assets are estimated at around $2 trillion globally, says [...]
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