With McDonald’s ‘leaked’ company memo regarding the release of Android Pay turning out to be fake, Google took to social media this week to reassure people that its mobile payments service is on its way.

Oxfam,Visa, UnionBank, and i2c, a provider of integrated payments and commerce solutions, have teamed up in the Philippines to create the Electronic Prepaid Solution (EPS) Project, a simple and efficient platform that addresses the challenges in humanitarian “cash transfer programmes.”

Kenya-based NIC Bank Group has announced the launch of NIC Konnect, a banking platform that works through social media.

Checkout.com has improved its service for merchants selling into Europe with the integration of Sofort on its Checkout platform, offering access to a potential 18 million new customers in 13 countries

Paul Lawrence, former chief executive of HSBC North America, has joined Essex-based challenger bank Shawbrook Group as an independent non-executive director.

Contactless spending has increased 150 per cent by value and 134 per cent by volume in the last 12 months, according to new research from Barclaycard.