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Insights
07-Jan-18 The US saw USD112 billion of mobile payments in 2016, while payments in China totaled USD9 trillion. For Alibaba and Tencent the payoff isn’t just the 0.6 percent transaction fee from merchants. It’s also the consumer data collected. [image: Forrester Research / iResearch]
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Insights
02-Jan-18 UnionPay and commercial banks in mainland China recently launched Mobile QuickPass, an e-wallet accepted at 680,000 POS terminals across 16 countries and territories outside mainland China, including Hong Kong, Macau, Taiwan, Singapore, Australia, New Zealand, Canada and Russia. [image: China Internet Watch]
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28-Jan-18 Riyad Bank has become the first local bank to offer Mastercard's new global digital payment service, 'Digital Enablement Service' in Saudi Arabia. The platform supports the management, generation and provisioning of digital payment credentials into mobile devices. [image: Arab News]
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Insights
15-Dec-17 The Indian Supreme Court’s decision to push Aadhaar's linking of bank accounts and telecom services indefinitely is a setback for mobile wallet companies such as Paytm and MobiKwik that are trying to complete Know-Your-Customer verification. [image: ET Healthworld]
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