All articles by Verdict Staff
Verdict Staff
Tieto to offer card services to Marginalen Bank
Finland-based software services firm Tieto has reached an agreement with Sweden-based Marginalen Bank to provide PCI DSS certified end to-end card services.
Cashs dominance facing erosion in Canada and the US
Separate surveys by Payments Canada and the US Federal Reserve indicate that cash continues to be the dominant payment method in both countries. However, the dominance of cash is being challenged by growing electronic payment adoption in Canada and the US, Robin Arnfield reports
Kenya: prepaid soars and infrastructure investment pays off
In a country still dominated by cash, M-Pesa continues to break records in Kenya. However, the share of the adult population with a bank account has risen sharply in recent years, and while card-based payments declined sharply in 2014, there are signs of large-scale growth potential in the prepaid sector
Lebanon: infrastructure continues to dampen growth of electronic payments
Card growth in Lebanon has been restricted by high fees and a lack of infrastructure. However, there are signs of positive growth as a result of moves to allow tax and utility bill payments by debit or credit card, and the rising popularity of prepaid cards for the purposes of social and humanitarian assistance
Luxembourg: contactless use rises but growth in alternative payments is slow
Home to a wealthy population and a number of high-value corporations, Luxembourgs payment cards market is mature, with a high penetration rate of 3.9 cards per inhabitant. However, while contactless technology is gaining traction, the growth rates of alternative payments have been slow
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Facebook secures e-payments licence in Europe
The Central Bank of Ireland has granted an e-money licence to Facebook, which will allow the company to launch P2P payments through its Messenger app across Europe.
WorldRemit partners GTBank to launch remittance service to six new African countries
WorldRemit, a UK-based digital money transfer service, has partnered with African financial company Guaranty Trust Bank (GTBank) to launch new money transfer routes to west and central Africa.
Cartes Bancaires taps Gemalto to enable member banks deploy their own payment offer
Groupement des Cartes Bancaires (GIE CB), the French bank card association, has selected Gemaltos white label mobile wallet solution Pure, to enable its member banks to deploy their own NFC mobile and in-app payment services.
Contactless technology making waves
According to Timetric research, the global contactless card transaction value will almost quadruple between 2016 and 2020, while the global mobile NFC transaction value will grow more than fivefold. Why is contactless affecting the payments world with so much vigour? Patrick Brusnahan takes a closer look
Emergent Payments forays into Nigeria
Emergent Payments has forayed into Nigeria by opening a local office and unveiling a local payments solution for the growing African market.