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Mastercard acquires Oltio for digital payments expansion in Africa

Mastercard has announced it has completed the acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a...

New global specifications for QR Code Payment

Visa says it will support of the new global QR Code Payment Specifications from EMVCo, the global technical body that manages the EMV Specifications. The specifications...

China surpasses Brazil to rank third among non-cash transactions markets

Within the top-10 markets for non-cash transactions volumes, China climbed to third place with 38.1 billion transactions, surpassing 2014’s number three market Brazil, which...

Visa CEO Al Kelly: focused on Europe and “growing the payments...

In recent Sanford Bernstein interview, Visa CEO Al Kelly, explained a number of opportunities and challenges facing the company, from Visa Europe to China...

Study shows UK high street banks falling behind challenger banks

New research from FIS reveals that Britain’s challenger banks are outscoring their High Street counterparts in meeting their needs for digital payments, easy to understand...

Social network payments now reach nearly $3 trillion in China

A new UN study reveals that social network payments through Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a...

Millennials waiting for digital payments ‘uber moment’

It is no secret that millennials have been heralded as the generation which holds the key to the success or failure of digital payments...

2016 North America consumer digital payments survey

The Accenture 2016 North America Consumer Digital Payments Survey – is based on a survey of more than 4,000 smartphone users in the United States...

Digital Payments in India – the making of a $500 billion...

Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag....

Masterpass gathers momentum in Europe – breakthrough year for digital payment...

As the share of digital payments in Europe keeps on growing to reach 38% of payments by 2020, the continued transformation of Mastercard is...

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Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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