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Latest Results from /payments

/payments

Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

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UK court approves $200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been given the greenlight by the Competition Appeal Tribunal.

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UK Government mulls abolishment of Payment Systems Regulator

The UK Government is considering scrapping the Payments Systems Regulator and folding it into the Financial Conduct Authority.

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Nexi to connect German merchants to EPI's Wero wallet

Nexi is to begin connecting the first German merchants to the Wero wallet from the European Payments Initiative in the third quarter of this year, shortly after the launch of the bank-backed digital wallet for German e-commerce in the summer.

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UK government issues tender to bring open banking to Gov.UK Pay

The UK government is inviting bidders for a £49 million contract to embed open banking technology into its Gov.UK Pay payments platform.

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Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

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ECB investigates settlement of DLT-based transactions in central bank money

The European Central Bank is looking into how to settle distributed ledger technology-based transactions in fiat money.

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Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

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Apple and Google to face UK digital wallet competition scrutiny

Amid industry concerns about the dominance of Big Tech in the provision of digital wallets, UK financial regulators say they will take a back seat and support the country's Competition and Markets Authority in its wider investigations into Apple and Google’s mobile ecosystems.

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Mastercard rolls out One Credential for multiple scheduled checkout choices

Mastercard is launching One Credential, a single digitally connected credential that provides consumers and businesses with a multitude of scheduled payment options spanning debit, installments, prepaid and credit.

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Shift4 to acquire Global Blue for $2.5 billion

Shift4 is to acquire Global Blue, a payments and technology provider to luxury brands, for $2.5 billion.

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Former Revolut UK CEO James Radford takes over the reins at Volopa

Former Revolut UK CEO James Radford has taken over as CEO of Volopa, a foreign exchange, international payments, and expense management company incubated by Quantum Group.