03 March 2015

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Australian banks and tech companies are providing $2 million in funding to get the country's first physical fintech hub off the ground in Sydney.

Spain's Banco Sabadell has teamed up with MasterCard to launch a mobile wallet that will let customers make in-store payments with a tap of their handsets.

MasterCard has been contracted by the Egyptian government to roll out a digital ID programme that links citizens’ national ID to the country's existing mobile money platform.

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Risk & regulation

British challenger savings bank launches

12 hours ago  | 1 comments | 13 tweets | 6 linkedin

British startup digital-only lender Charter Savings Bank has opened its virtual doors for business.

Bitcoin
Payments

ECB plays down virtual currency risks

15 hours ago  | 0 comments | 9 tweets | 8 linkedin

Despite flagging some concerns, the European Central Bank says that it does not think that the rise of virtual currencies currently provides a material risk to the smooth operation of payment systems.

In-car commerce
Cards

Visa to drive in-car commerce with Pizza Hut

15 hours ago  | 1 comments | 4 tweets | 5 linkedin

Visa is working with Accenture and Pizza Hut to test the use of onboard mobile and online commerce for car drivers.

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Retail banking

PayPal buys mobile payments firm Paydiant

20 hours ago  | 0 comments | 18 tweets | 16 linkedin

PayPal has agreed to buy Paydiant, a Boston-based startup that helps the likes of Subway, Capital One and retailer joint venture MCX build mobile payments, offers and loyalty into their apps.

A new non-profit programme offering fintech startups free access to data feeds and APIs from providers such as Thomson Reuters and Xignite is gearing up for launch later this month.

Ingenico has released an audio jack-based point-of-sale dongle that can accept payments made by mobile phone.

Visa is to work with Bharti Airtel to extend its mobile money service to seven markets in Africa, including Gabon, Ghana, Kenya, Madagascar, Rwanda, Seychelles and Tanzania.

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