Visa Worldwide, a subsidiary of Visa Inc, has been fined $18m by the Australian Competition and Consumer Commission (ACCC), after it illegally froze out a competitor within the currency-converter market.

Rocket’s Asia Pacific Internet Group (APACIG) aims to launch one new company per quarter. The first launch as part of this strategy will be online beauty marketplace Vaniday, starting in Australia.

Samsung C&T, the Korean tech giant’s fashion division, has debuted its new line of wearable devices at IFA 2015, including a suit that allows its wearer to pay for items without needing a credit card.

Three months ago Kyiv became only the fifth city in the world to launch contactless payments at turnstiles in the city’s subway system and now the first pieces of data have been revealed.

Two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month, according to a recent survey by the American Bankers Association.

The UK appears to be having cash withdrawal symptoms – not because paper banknotes are on their way out – it’s more literal than that as new figures from Link, the cash machine network, reveal that the number of ATMs in the UK reached 70,180 in July, surpassing 70,000 for the first time.