Electronic payments outstripped cash for the first time on Sunday, while the total value of automated credit transactions dwarfed cash by a factor of 250:1 in 2014. *|MC:SUBJECT|*
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10th March 2015
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Headline News

Electronic payments outstripped cash for the first time on Sunday, while the total value of automated credit transactions dwarfed cash by a factor of 250:1 in 2014.

It’s official: in the UK, cash is no longer king
 
New Products & Technology

Vodafone M-Pesa has launched a cross-border transfer service between East Africa’s two biggest economies to help funnel the remittances sent by roughly 300,000 Kenyans living in Tanzania.

M-Pesa creates Tanzania-Kenya transfer corridor
 

Alternative finance provider AMP Credit Technologies announced its UK launch yesterday, which will help British banks lend money to small and micro-businesses.

AMP Credit Technologies announces UK launch
 
Insights & Analysis

Bitcoin has been heralded as a fee-free alternative to the cash-based remittance market that could help the world’s low paid overseas workers to send money home. Its volatility, though, could shut them out.

Bitcoin: too flaky for the unbanked?
 
More News

The European Parliament voted to cap the fees retailers pay to process debit and credit card transactions on Tuesday, a move which EU officials say will result in lower costs for card users.

European Parliament votes to cap card processing fees
 
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