Payment Cards Slow to Comply with SEPA
Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe.
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It sometimes seems that two issues dominate payments: the ongoing battle over the price of payments between major retailers and issuing banks, and the organizations in developed markets that are tumbling over each over to announce their latest wallet, wearable token or smartphone app is going to revolutionise the payments world as we know it. more »
CoinPrices.io's Matt Odell
Recently we have seen both Argentina and Ukraine fall into two very different types of crises, but the economic results appear to be the same. more »
ZipZap CEO Alan Safahi
As banks cut cross-border transfer services to emerging markets because of perceived risk, the market for remittance services opens up for digital payments startups. more »
The Ben Thanh market in Ho Chi Minh City
MasterCard and Sacombank are equipping the Ben Thanh market in Vietnam with mobile point of sale capabilities, introducing digital payments to what had been a cash only market for more than a century. more »
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Prepaid processor i2c, Inc. has opened a new office in Singapore as it extends its operations the Asia Pacific region. more »
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As a new Russian law took hold July 1 to help support a new national payment system, the country may have extended an olive branch to Visa and MasterCard regarding its fees. But Visa says these reports are conflicting, and the details are not yet finalized. more »
Image: Bloomberg News
Visa Inc. said Russia hasn't done enough to ease new rules requiring payment-system operators to make a deposit that would be at risk if services are interrupted. more »
Tomasz Krajewski
Imagine that one day people from your country’s rural areas start paying with their mobiles. Would it be strange? Definitely. That would mean they are more advanced in mobile payments adoption than the majority of people living in cities, who still prefer to use plastic. more »
MasterCard has launched a new Shariah-compliant debit card in Malaysia. more »
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Visa Inc. and MasterCard Inc. said they'll keep working in Russia after President Vladimir Putin’s government agreed to consider easing demands that were made on the payment systems after the U.S. imposed sanctions. more »
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Jumio is working with the European Bitcoin exchange Safello to provide faster verification of customers. more »
Image: Bloomberg News
Visa Inc. and MasterCard Inc. have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to operate in that country is worth the cost. For now, Visa's answer is nyet. more »

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