All articles by Verdict Staff
Verdict Staff
Xiaomi dives into Chinese mobile payments market
Chinese smartphone maker Xiaomi has launched its own mobile payment service in collaboration with national bank card association China UnionPay.
Singapores SoftPay acquires Vietnam MPOS Technology JSC
Singapore-based mobile point-of-sale (mPOS) company SoftPay Mobile International has signed an agreement to acquire Vietnam MPOS Technology JSC.
Waseela Microfinance Bank deploys TPS IRIS payment solution
Pakistan-based Waseela Microfinance Bank (WMBL) has deployed TPS’ IRIS Switch, a financial middleware for ATM, POS driving, debit cards, and IRIS PCMS, a prepaid card solution.
MEPS launches new platform to facilitate contactless payment in Jordan
Middle East Payment Services (MEPS) – a payment services provider in the Levant – has launched contactless payment technology for the execution of low-value transactions in Jordan.
Global mobile card reader market to reach $29bn in revenue by 2020: Technavio
Reduction in transaction costs will significantly augment the global mobile card reader, which is expected to reach close to $29bn in revenue by 2020, according to a research report by Technavio.
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US Bancorp to divest 50.1% stake in Brazilian unit of Elavon
US Bancorp, the parent company of Elavon, has agreed to divest its 50.1% stake in Sao Paulo-based Elavon do Brasil to Stone Pagamentos, a privately-held merchant acquirer.
State Bank of Pakistan to beef up security on electronic payments
The State Bank of Pakistan (SBP) has partnered with World Bank to reinforce security checks on electronic payment transactions through automation and digitisation.
Heartland stockholders vote in favor of merger with Global Payments
Heartland Payment Systems’ stockholders have given their nod to the company’s merger proposals with Global Payments, a provider of payment technology services.
Samsung Pay ropes in global POS providers to drive mobile payment adoption
Samsung has collaborated with a slew of point-of-sale (POS) makers to accelerate the adoption of its mobile payment platform ‘Samsung Pay’ at merchants’ POS systems.
Visa Q2 net income up 10%
Visa has reported a net income of $1.7bn for the fiscal second quarter ended 31 March 2016, an increase of 10.1% compared to $1.6bn for the same quarter in the previous year.