UK raises contactless payments limit to £100
The Financial Conduct Authority (FCA) in the UK has increased the limits on contactless payments to £100 from £45 for single transactions. The British watchdog has also raised the limit…
European banks plan to build local rival to Mastercard and Visa by 2025
European banks are working on plans to establish a pan-European payment network by 2025 to…
Chinese central bank joins multilateral digital currency project
The People's Bank of China (PBC), the central bank of the country, has joined a multilateral project that will explore…
CCE taps ACI and Mastercard to modernise payments in Peru
Cámara de Compensación Electrónica (CCE) has tapped ACI Worldwide and Mastercard to accelerate financial institutions' access to Mastercard's instant payment service in Peru. Mastercard's service is set to enter industry…
BNPL sector faces tougher restrictions as FCA publishes review
The buy-now-pay-later (BNPL) sector faces tougher restrictions after the UK's Financial Conduct Authority (FCA) published a review into the unsecured credit market. The Woolard Review sets out how regulation can…
India plans to ban private cryptocurrencies; create own digital currency
The government of India has listed a bill proposing to ban all private cryptocurrencies in the country, including Bitcoin, Ether, Ripple, and others. On the other hand, the bill also…
2021 forecasts: Temenos sees significant shift to cloud payments
Experts from the cards and payments sector discuss with Douglas Blakey and Evie Rusman the prospects and key priorities for the sector in 2021 Shift to cloud tech One of the biggest shifts we…
FCA considers raising contactless limit from £45 to £100
The Financial Conduct Authority (FCA) has announced it will soon be seeking views on raising the contactless limit from £45 to £100. In a statement released today, the regulator said…
China pledges to tighten ‘prudential oversight’ of online platforms
The People’s Bank of China (PBoC), the country’s central bank, has reportedly vowed to step up the “prudential oversight” of the financial activities of online platforms in the country. The…
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