Weve, owned by Vodafone, EE and O2, abandoned its proposed mobile wallet offering after Apple announced its own mobile payments service.
Fiserv is one of several fintech companies to announce the introduction of tokenization capabilities since Mastercard and Visa introduced their token payment system to complement Apple Pay.
Mastercard has established a six-year time frame for all European merchants using Mastercard and Maestro to implement contactless payment as standard.
The US supermarket giant Wal-Mart will not install Apple Pay, the company says, instead joining the ranks of retailers who have chosen to work with major competitor CurrentC.
A joint venture by Millicom and Kalixa will develop a payments service provider in Africa and Latin America, offering payment acceptance services for businesses and consumers.
WorldRemit has announced that its customers can now send remittances to Zantel EzyPesa accounts in Tanzania – one of the nine countries in the world where Mobile Money accounts outnumber bank accounts.
Toronto-based payment and FX company GFX Partners has been acquired by AFEX, one of the world’s largest non-bank global payment and risk management solution providers.
ZuluTrade announced its expansion through the acquisition of Market Crew Investment Advisor Co., Ltd, creating a Tokyo based subsidiary called ZuluTrade Japan to operate the Japanese website of ZuluTrade as zulutrade.co.jp.
MoneyGram has announced that it has acquired MTI Money Transfer Limited to offer MoneyGram services across Europe.
Coinbase has announced its first expansion beyond the lucrative US market in a bid to make it easier to buy and sell bitcoin in Europe.
Gem unveiled a private beta of highly scalable and security-focused API for bitcoin app developers at Monday’s TechCrunch Disrupt conference in San Francisco.
New York startup The Take plans to roll out an app – and update its existing website – to allow shoppers to buy almost anything they see in film or trailer.
Virtual Affairs is launching its digital banking platform BankingRight, which allows customers to make payments via Facebook.
India’s largest private sector bank, ICICI, has introduced ‘Cardless Cash Withdrawal’, a service that allows users to withdraw money at any time from 10,000 ICICI ATMs around the country without a debit card, and even without a bank account.
The digital wallets and online payments developer Skrill has created a new payment solution for digital marketplaces which it says will take the headache out of regulatory and network compliance.
Payoneer announced that Hans Morris, managing partner at Nyca Partners, has joined the company’s board of directors, and brings a minority investment from Nyca to the table.
Skrill Group has announced the appointment of Neil Ward as Chief Product and Marketing Office (CPMO).
i-design has announced it has hired Paul Gardiner to join their senior management team.
The BBVA Open Talent competition sees startups battling in three geographic regions - Central/South America, Europe, North America and other countries. 870 companies entered, trying their luck in one of two categories - 'new banking' or 'digital life'.
The third annual FinTech Innovation Lab London is a 12-week mentoring program that helps early and growth stage financial technology entrepreneurs accelerate product development and gain exposure to leading financial industry executives.
Despite the push for adoption of chip and PIN payments in the US, experts have warned that the EMV standard still holds significant security threats.
South American bank BBVA has allocated 40% of a $2.5 billion investment to doubling the number of customers who access the bank through digital channels.
The Bank of England has established that the limited adoption of bitcoin does not pose an immediate threat to financial stability in the UK. Were the crypto-currency to be more widely adopted in the future, however, the BofE would recommend a re-think of the regulations surrounding bitcoin use.
eBay may be considering launching a spinoff of PayPal as soon as next year, according to an online report that appeared on Thursday.
We’ve all heard the announcements about ‘card clash’ – from tomorrow London commuters will be able to pay Tube and rail fares using contactless cards.
Telenor Group have opened their first wholly owned financial institution in Serbia, providing mobile and online banking services in a bid to stimulate economic growth.
Mastercard has been forced to concede to a European Union ban on unregulated cross-border card fees after a seven year court battle.