The number of global smartphones used to make in-store contactless payments is predicted to increase by 1,000 percent this year. And as the annual Mobile World Congress comes to an end tomorrow, one thing that’s become even clearer: mobile will continue to be a remarkable...
MasterCard will be issuing every adult in Egypt a mobile-based debit card account that will double as a national ID card, the card brand and the Egyptian government announced on Tuesday (March 3) at Mobile World Congress in Barcelona. Get the Full Story Complete the...
MasterCard is partnering with mobile ticketing and “intelligent travel solutions” provider Cubic Transportation Systems to stitch payments and retail offers into Cubic’s public transit ticketing and trip-planning app, the companies announced at Mobile World Congress. Get the Full Story Complete the form to unlock this...
Visa is extending its presence into the African mobile money market through a new partnership with Bharti Airtel to bring mobile payments services to seven additional countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Alibaba has got its hands into another investment — and this time it’s putting $316 million into a startup that helps Taiwanese entrepreneurs get their business up and running, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy...
While it has been widely known for months that Ant Financial Services Group — Alibaba’s financial arm — has been developing a credit scoring service, the company has now officially started offering the service with the backing of China’s Central Bank. Get the Full Story Complete the form...
Almost two years after PayPal launched a handheld payment card reader for merchants in the U.K., that’s finally coming to the U.S. — and this time, it will support contactless payments and Apple Pay, too. Get the Full Story Complete the form to unlock this article...
The biggest global banks, including HSBC, RBS and JPMorgan Chase, are taking drastic measures to reduce their costs — and in most cases their size — in the face of regulators’ efforts to make sure they can be unwound in case of another financial crisis,...
Airbnb is halfway to raising another billion dollars in funding, and bringing its total valuation to $20 billion, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
