04 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.

Madrid's public transport system operator is working with Telefonica, Samsung and Gemalto to pilot mobile NFC ticketing.

Organised criminals are turning to social media to recruit members of the public to act as unsuspecting money mules for laundering dirty cash.

Retail banking

Oz telco Optus preps smartwatch payments

5 hours ago  | 0 comments | 2 tweets | 1 linkedin

Australian telco Optus is planning to launch smartwatches and wristbands that let customers make contactless payments with the flick of a wrist.

Payment processor Worldpay is putting up $1 million to fund a new financial technology accelerator at Georgia Tech's Advanced Technology Development Center (ATDC).


Banco Sabadell unveils mobile wallet

12 hours ago  | 0 comments | 3 tweets | 4 linkedin

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.

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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.

Risk & regulation

British challenger savings bank launches

03 March 2015  | 1 comments | 13 tweets | 8 linkedin

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

Virtual currency

ECB plays down virtual currency risks

03 March 2015  | 0 comments | 11 tweets | 9 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.

Mobile & online

Visa to drive in-car commerce with Pizza Hut

03 March 2015  | 1 comments | 6 tweets | 6 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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