Payment Systems RSS

Central Bank of Kenya, Daily news, E-Money, m-pesa, Mobile Banking, mobile commerce, mobile commerce transactions, Mobile Money, mobile money platforms, Mobile payments, Mobile Remittance, Mobile Wallet, P2P, Payment Systems, person-to-person -

Central Bank of Kenya (CBK) data shows that mobile money transactions stood at Sh3.98 trillion ($38.5 billion) last year, having increased by Sh346 billion (10%) from 2017. This translates to... more

The post Mobile money transactions equivalent of half of Kenya’s GDP appeared first on Payments Cards & Mobile.

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Bacs, Bank of England, Cheque and Credit Clearing, Cyber Security, Daily News, Faster Payments Scheme, Issuing & Acquiring, Payment Systems, Payment Systems Regulator, Processing & Systems, Real-Time Gross Settlement, Real-Time Gross Settlement (RTGS) -

In a recent announcement, the UK’s Payment Systems Regulator and the Bank of England (BoE) agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme. The BoE has now gone one stage further and announced it will it will set out plans by the middle of [...]

The post UK payment systems represent systemic risk to financial stability – central bank consolidation underway appeared first on Payments Cards & Mobile.

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ACH, Automatic Clearing House, Daily News, E-Money, Faster payments, interbank payment systems, Issuing & Acquiring, Mobile Payments, Payment Systems, Payments Strategy Forum, PSPs, Remittance -

The Payment Systems Regulator (PSR) was established to promote effective competition and innovation in payment systems. Ensuring open access to participants and potential participants is a key component of this. The PSR’s open access programme has been a cornerstone of its work and is now delivering meaningful results for service-users. Over the last year the PSR says [...]

The post PSR annual – Access and governance report on payment systems appeared first on Payments Cards & Mobile.

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Apple Pay, Contactless, Daily News, HCE, Host Card Emulation, Mobile Payments, Payment Systems, Samsung Pay -

Smartphone rivals Apple and Samsung are mounting a challenge to Alibaba’s dominance of China’s emerging mobile payment market, after announcing co-operation deals with Chinese bank card network UnionPay. In twin announcements on Friday, the two companies said they hoped their respective payment systems would be compatible with UnionPay’s 5bn issued cards early next year, subject to [...]

The post Mobile payment rivals line up challenge to Alipay appeared first on Payments Cards & Mobile.

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Apple Pay, Biometrics, Contactless, Daily News, Digital Currency, HCE, Host Card Emulation, MasterCard, Merchant Payments, Mobile Payments, Mobile Wallet, NFC, Payment Systems, POS, Samsung Pay, Tokenisation, Visa, Wearable NFC -

There has been a lot of enthusiasm for Samsung’s mobile wallet, Samsung Pay, and the ways in which it differs from other mobile payment systems. Samsung Pay launched in Korea last month, and the mobile payment solution has already proven its biggest advantage is its nearly universal merchant acceptance with both of NFC and MST(Magnetic [...]

The post Samsung Pay: interview with EVP Injong Rhee appeared first on Payments Cards & Mobile.

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