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10 DECEMBER 2018
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments. Subscribe to access this daily news and resource site. Subscribers also receive 11 printed newsletters a year.

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article thumbnail Friday, 07 December 2018

Monzo reaches funding target in less than three hours
Criticism of use of overdraft facility to buy shares
Monzo proved the value of customer loyalty this month when it reached its crowdfunding target in less than three hours – by persuading customers to invest. Read more ...

 
     

Latest feature
     
 
SPECIAL REPORT: Chinese payment giants “light years ahead”

Customer loyalty chief tenet of model
Alipay acceptance at 7-Eleven
US$15.5 trillion in mobile payments in 2017

China has embraced mobile payments with such enthusiasm, the rest of the world appear to be technology deniers. Alipay and WeChat, the main protagonists, score in terms of technology, user friendliness, number of users and ubiquity. Their data analytics are central to everything they do.


Read more ...
 
     
 
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article thumbnail Card & Payments World | News - Financial ServicesWednesday, 21 November 2018

Fintech M&A at record levels
Multiple challenges affecting all FS companies – but technology is the greatest

A new report from international law firm Reed Smith is showing FinTech M&A at record levels, brought about by a number of factors. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 November 2018

Gartner says 80% of heritage companies will fail to survive
Traditional companies will struggle for relevance past 2030

We don’t want to depress you, but if you are working for what are now being called “heritage” firms, Gartner says you have an 80% change of going out of business by 2030. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 16 October 2018

Payments growth to continue – but not as we know it
Regulatory complexity causing problems for technology innovation
Digital payments are experiencing a boom, driven by developing markets, and this growth is expected to continue, according to the 2018 World Payments Report, but regulatory complexity is hampering innovation. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 01 October 2018

GPS appoints card services and global strategy VP
Former allpay exec joins issuer processor
Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 August 2018

China fines third party payment providers
Tightening regulation hits digital financial services
Non financial companies investing in banks also reigned in
China’s central bank fined Alipay, Gopay and Union Mobile Financial Technology (UMF) for violating financial service rules as it continues to clamp down on the activities of third-party payment providers, according to media provider Xinhua. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 12 April 2018

EPC considers changes to instant payments scheme
Proposed amendments for all SEPA schemes go out for public consultation Read more ...

Card & Payments World | News - Financial ServicesThursday, 08 February 2018

Virgin Money joins cryptocurrency ban
Other major issuers consider their positions Read more ...

Card & Payments World | News - Financial ServicesMonday, 22 January 2018

First French banks join Europe instant payments scheme
25% of European banks now on board Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 11 January 2018

US$13m funding for credit card provider
Start-up provides offering for people with no credit history Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 05 December 2017

New card issuer shakes up Brazil
Digital player now has 2.5 million customers Read more ...

Card & Payments World | News - Financial ServicesThursday, 23 November 2017

Singapore approves QR payments specification
System to rollout in 2018 Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 November 2017

US Instant Payments scheme launches
Bank-led project starts with six institutions on board Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 13 November 2017

600 PSPs sign up for pan-Europe Instant Payments scheme
- Platform to cover eight countries from launch
- Visa sets Europe Instant Payments mandate for card issuers Read more ...

Card & Payments World | News - Financial ServicesThursday, 02 November 2017

Digital challenger plans to become a bank
License would enable new lending products Read more ...

Card & Payments World | News - Financial ServicesMonday, 09 October 2017

Banks from nine countries to join EU instant payment system
November launch for pan-European infrastructure solution Read more ...

Card & Payments World | News - Financial Services
Fintech M&A at record levels
Wednesday, 21 November 2018

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 21 November 2018

Fintech M&A at record levels
Multiple challenges affecting all FS companies – but technology is the greatest

A new report from international law firm Reed Smith is showing FinTech M&A at record levels, brought about by a number of factors. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 November 2018

Gartner says 80% of heritage companies will fail to survive
Traditional companies will struggle for relevance past 2030

We don’t want to depress you, but if you are working for what are now being called “heritage” firms, Gartner says you have an 80% change of going out of business by 2030. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 16 October 2018

Payments growth to continue – but not as we know it
Regulatory complexity causing problems for technology innovation
Digital payments are experiencing a boom, driven by developing markets, and this growth is expected to continue, according to the 2018 World Payments Report, but regulatory complexity is hampering innovation. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 01 October 2018

GPS appoints card services and global strategy VP
Former allpay exec joins issuer processor
Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 August 2018

China fines third party payment providers
Tightening regulation hits digital financial services
Non financial companies investing in banks also reigned in
China’s central bank fined Alipay, Gopay and Union Mobile Financial Technology (UMF) for violating financial service rules as it continues to clamp down on the activities of third-party payment providers, according to media provider Xinhua. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 12 April 2018

EPC considers changes to instant payments scheme
Proposed amendments for all SEPA schemes go out for public consultation Read more ...

Card & Payments World | News - Financial ServicesThursday, 08 February 2018

Virgin Money joins cryptocurrency ban
Other major issuers consider their positions Read more ...

Card & Payments World | News - Financial ServicesMonday, 22 January 2018

First French banks join Europe instant payments scheme
25% of European banks now on board Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 11 January 2018

US$13m funding for credit card provider
Start-up provides offering for people with no credit history Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 05 December 2017

New card issuer shakes up Brazil
Digital player now has 2.5 million customers Read more ...

Card & Payments World | News - Financial ServicesThursday, 23 November 2017

Singapore approves QR payments specification
System to rollout in 2018 Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 November 2017

US Instant Payments scheme launches
Bank-led project starts with six institutions on board Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 13 November 2017

600 PSPs sign up for pan-Europe Instant Payments scheme
- Platform to cover eight countries from launch
- Visa sets Europe Instant Payments mandate for card issuers Read more ...

Card & Payments World | News - Financial ServicesThursday, 02 November 2017

Digital challenger plans to become a bank
License would enable new lending products Read more ...

Card & Payments World | News - Financial ServicesMonday, 09 October 2017

Banks from nine countries to join EU instant payment system
November launch for pan-European infrastructure solution Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 22 September 2017

Payments Power 10 shortlist announced
35 in running to reach final list Read more ...

Card & Payments World | News - Financial ServicesFriday, 18 August 2017

Nigeria bank partners for crossborder payments
Service for diaspora Read more ...

Card & Payments World | News - Financial ServicesMonday, 14 August 2017

Singapore sets up new payments council
20 industry stakeholders take part Read more ...

Card & Payments World | News - Financial ServicesFriday, 11 August 2017

PayPal buys SME lender
Acquisition builds on existing Working Capital offering Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 02 August 2017

Bitcoin splits in two
Currency ‘forks’ as breakaway group plans to increase transaction capacity Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 31 July 2017

Instant payments expands global reach
- Issues remain with linking systems and updating bank capabilities
- IP increase to overtake traditional card payments in Europe by 2025
- Extensive report on latest IP initiatives with details on more than 30 systems Read more ...

Card & Payments World | News - Financial ServicesFriday, 28 July 2017

PSF sets out new UK payments architecture
Proposals include ‘conformation of payee’ safeguard Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 24 July 2017

Bitcoin becomes victim of own success
The rapid expansion of Bitcoin transactions has caused the blockchain system underpinning it to become overloaded. The currency’s continued success depends on how the Bitcoin community addresses the issue. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 27 April 2017

Head of new Finance UK super-body named
Organisation combines six industry groups
Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 22 March 2017

UK starts image-based cheque clearing
System will significantly speed up process Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 28 February 2017

First new UK clearing bank 'in 250 years'
Former Worldpay boss says new player will open up access to transaction banking systems Read more ...

Card & Payments World | News - Financial ServicesMonday, 13 February 2017

New FS trade group for the UK
Former Yellow Pages boss heads up merged new body Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 02 February 2017

US and UK cites start payments partnership
Initiative to increase cooperation and improve regulatory frameworks Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 30 January 2017

US on track for payments ‘milestones’ in 2017
Fed reports on progress to improve payments system efficiency
Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 13 December 2016

Barclays exits Europe retail baking
Last part of business is sold off Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 December 2016

PSPs urged to board the instant payments train
Success of scheme depends on PSP uptake Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 05 December 2016

Digital payments app for Indian merchants
10 million retailers targeted in coming weeks Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 05 December 2016

Sweden leads on cash replacement
Plans for Central Bank e-krona Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 29 November 2016

Comment: Complaints about banks are all about the people
I have been reading a great many complaints about banks recently, many of them from journalists.  Read more ...

Card & Payments World | News - Financial ServicesTuesday, 15 November 2016

India currency change intended to drive e-payments
Plan is branded a ‘botched move’  Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 17 October 2016

Starling Bank debit cards go live
Challenger is also developing mobile app Read more ...

Card & Payments World | News - Financial ServicesThursday, 15 September 2016

Europe card industry group holds first meeting
The first board meeting of the newly created European Cards Stakeholders Group (ECSG) was held today (September 15). Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 07 September 2016

Kenya leads financial inclusion rankings

Philippines makes most rapid progress, driven by mobile money interoperability Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 06 September 2016

PayPal expands in-store payments presence
Acceptance partnership with network Read more ...

Card & Payments World | News - Financial ServicesFriday, 19 August 2016

New student loans model launches in Germany
Wirecard is partner bank in project to close gap between state funding and everyday needs Read more ...

Card & Payments World | News - Financial ServicesWednesday, 17 August 2016

Italy start-up bank targets foreign expansion
Plans for launch in Q3 Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 11 August 2016

Nigeria seeks new money transfer operators
Move comes after government directive sparks exodus from lucrative market Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 03 August 2016

JP Morgan settles in get-out-of-jail card case
Stinging debit card fees took 40% of balance
JP Morgan is having to deal with a sensitive reputational issue after ex-prisoners complained they were being charged unreasonable debit card fees.This may well raise the spotlight on debit and pre-paid card fees in general. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 27 July 2016

Pan-European instant payments specs revealed
PSPs can connect to platform by November 2017 Read more ...

article thumbnail Card & Payments World | News - Financial ServicesThursday, 14 July 2016

Xendpay launches in Brazil
Rollout ahead of Olympics Read more ...

Card & Payments World | News - Financial ServicesFriday, 17 June 2016

Funding: Card repayment service secures US$46.7m
Round may reach US$65m in total Read more ...

Card & Payments World | News - Financial ServicesFriday, 17 June 2016

Payments UK calls for better access to payments systems
PSP access a "key driver" for competition and innovation Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 15 June 2016

Card and app to avoid travel charges
No overseas transaction fees, but ATM withdrawals are charged Read more ...

Card & Payments World | News - Financial ServicesThursday, 02 June 2016

Service for fast SME loans
Online lender partners with Santander
Read more ...

Card & Payments World | News - Financial ServicesWednesday, 01 June 2016

Raisin expands across Europe
German savings platform in over 30 countries Read more ...

 
     
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