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GSMA mobile money report shows half a billion accounts worldwide
The GSMA unveiled its sixth ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact of mobile money on lives, economies and innovation over the past 10 years. The report provides the only comprehensive picture of mobile money around the globe. This edition looks [...]
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Mastercard, Visa and Rupay launch BharatQR and agree new debit fees
National Payments Corporation of India which owns Rupay and Visa and Mastercard have launched the BharatQR – an app-based ‘scan and pay’ solution for small shops. This is the first time in the world that four payment networks – India’s Rupay, Mastercard, Visa and American Express have agreed to come together on a common platform to accept payments. [...]
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Addressing the unbanked and underbanked in developing countries
Around 2 billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion is a key enabler to reducing poverty and boosting prosperity, we investigate what the payments industry is doing around financial inclusion. At its most basic, financial [...]
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IBM Watson IoT to provide access to 20 billion POS devices for Visa
IBM Watson IoT and Visa announced the industry’s first collaboration that brings the POS to everywhere Visa is accepted, by allowing businesses to quickly introduce secure payment experiences for any device connected to the Internet of Things (IoT). The collaboration brings together IBM’s Watson IoT platform and cognitive capabilities, with Visa’s global payments services that are [...]
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Virtual Account Management: Fast, effective relief from the pain of reconciliation
Let’s be honest, reconciliation is a pain. It’s a battle, a struggle and an all-around nuisance for corporates, albeit a necessary one. Getting paid is crucial, irrespective of business size. As is assigning payments to the correct accounts and knowing your cashflow at a glance – writes Sheri Brandon – Head of Payments, Tieto. Corporates [...]
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