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.

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.

A leading Russian provider of e-commerce solutions on Facebook has seen rapid expansion worldwide, with over 500,000 merchants in 175 countries using the programme.

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.

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.