18 September 2014

All payments news

The Bill & Melinda Gates Foundation is aiming to accelerate the adoption of digital payments in the developing world by offering grants to firms that make it easy for small merchants to accept mobile money.

Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

With an overhauled website and mobile app to show off, London-based currency exchange startup TransferWise has stepped up its assault on the banking industry in its first TV ad.

The US telco-backed Softcard consortium has received a welcome boost with news that the giant fast food chain Subway is to deploy its Card Rewards Program as part of a national roll-out of the SmartTap payment app.

Dead end

Amazon shuts down P2P payments service

16 September 2014  |  0

Amazon is killing off WebPay, admitting that the person-to-person money transfer service is not good enough to keep persevering with.

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