Earvin ‘Magic’ Johnson, the former basketball player, businessman and philanthropist, is joining Square this summer as a member of its board of directors.

The Emerging Payments Association (EPA) has today launched The Catalyst, its new payments incubator for early-stage payment companies.

Elliptic, a bitcoin analytics and security firm based in London, has created the ‘Bitcoin Big Bang’ service, a product that will address illegal cryptocurrency marketplaces.

MasterCard has released a digital payment and shopping app in stadiums in Chile at a time when the country is hosting the Copa America football tournament

Visa Europe Collab, Visa Europe’s international innovation hub, is working with London-based retail and fashion accelerator TrueStart to explore payment innovations in the retail sector.

Last year UK holidaymakers spent £26.4bn using their cards overseas and made almost 14 transactions every second, according to figures from The UK Cards Association.