All articles by Verdict Staff
Verdict Staff
Flipkart to shut down payment gateway PayZippy
Indian online retailer Flipkart is closing down its payment gateway PayZippy, as it failed to sell the service to as many customers as the company had expected.
The two rules of simple banking: 1) Have a working debit card. 2) Don’t have a broken debit card
Yes, that’s right: it’s another comment piece based on a personal anecdote. This time around we highlight the perils of being without something you very rarely are without, your debit card. If you don’t have time to read until the end: the moral of the story is ‘banks are still very reliant on plastic’, writes Billy Bambrough
Brazilians tap into digital banking but slow 4G rollout hinders uptake
The proportion of Brazilians using digital banking has soared in recent years but wireless technology infrastructure challenges remain an obstacle to the full operation of mobile banking in remote regions. Maryrose Fison reports
Digital payments key to economic growth – World Bank report
Governments should initiate steps to enhance the use of digital payments in emerging countries to increase financial inclusion, empower women and spur economic growth, according to a World Bank research report.
Contactless cards set to dominate
Are mobile payments and contactless cards in competition? If you ask a bank they’ll deny it, claiming that the two fill two similar but distinct customer demands. This argument is largely due to banks and mobile payment providers betting that mobile payments will be used for far more than just paying for things, such as loyalty and location based offers, writes Billy Bambrough
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MasterCard announces management changes in Asia Pacific
MasterCard has announced that Deborah Heng has been appointed as group head and general manager of Singapore, taking over from Julienne Loh who is now group head of Consumer Credit, Asia Pacific.
Spains CaixaBank invests 500m in contactless cash machines
Spain-based CaixaBank has signed an agreement worth 500m with Fujitsu to manufacture 8,500 cash machines fitted with contactless readers.
Amadeus integrates UnionPay into payment platform
UnionPay International, a subsidiary of China UnionPay, and Amadeus have signed an agreement to integrate UnionPay debit and credit cards into the Amadeus Payment Platform (APP).
MBNA introduces new platinum credit card
MBNA, a wholly-owned subsidiary of Bank of America, has launched new platinum credit card, offering eligible new customers zero percent per annum for up to 32 months from the account opening date.
South Koreas FSC approves spinoff of KEB credit card unit
The Financial Services Commission (FSC) of South Korea has given its consent to Korea Exchange Bank (KEB) to spin off its credit card division for a merger, which would lead to creation of a new banking company.