Search Results for: digital payments
FED survey provides information on mobile financial services
March 31st, 2016
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report,Consumers and Mobile Financial Services 2016, released on Wednesday. The ...
ASX still committed to blockchain after CEO’s departure
March 30th, 2016
ASX has reaffirmed its commitment to developing a Bitcoin-like settlement system that could replace its lucrative post-trade services business after the man who championed the technology, Elmer Funke Kupper, quit as chief executive this week. ASX executive chairman Rick ...
Samsung becomes latest firm to launch mobile wallet in China
March 29th, 2016
Samsung has officially launched its mobile wallet service in China, in co-operation with local vendor UnionPay. Instead of using cards, the service allows shoppers to use their smartphones to pay for in-store purchases. Last month, Apple launched its own ...
MasterCard to Bring Android Pay to Cardholders in the UK
March 28th, 2016
Millions of MasterCard cardholders and Android device owners in the UK will soon have additional safe and secure ways to make mobile payments and purchases, as Google today announced it will launch Android Pay in this market. HSBC, Lloyds, MBNA and M&S Bank ...
British and Australian financial regulators sign agreement to support innovative businesses
March 23rd, 2016
Under a new world-first agreement, innovative fintech companies in Australia and the United Kingdom will have more support from financial regulators as they attempt to enter the others’ market. As a result of the agreement signed today, the UK’s Financial ...
Why Latin American economies are turning to bitcoin
March 17th, 2016
The economic prospects for Latin America in 2016 are grim. With political instability in some of the region’s largest economies, as well as a general slump in prices in oil and other commodities, businesses and consumers are facing a depression and, in the ...
Will bitcoin provide banks with their ‘Kodak Moment’?
March 16th, 2016
The world’s banks are facing a ‘Kodak Moment’ if they continue to dismiss the virtual currency bitcoin as just the opening act for more revolutionary blockchain-based innovation, says Max Tannahill, a business change and implementation manager at ANZ It ...
Traditional Financial Services Firms fear almost a quarter of their business is at risk from FinTechs
March 15th, 2016
FinTech companies are more bullish, believing they could capture a third of incumbents’ business Results from a PwC survey released today, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market ...
Fintech funding hits all-time high in 2015, despite pullback in Q4: KPMG and CB Insights
March 11th, 2016
KPMG and CB Insights release their inaugural quarterly fintech venture capital (VC) report, highlighting a record year for venture-backed fintech startups in 2015, but waning investor appetite to close out the year. While 2015 marked a banner year for ...
Standard Chartered goes global with ‘bank on an iPad’
March 8th, 2016
Standard Chartered is to equip staff worldwide with an iPad-based sales and service tool that “brings the bank” to the client. Retail Workbench, initially launched in Korea in 2014, enables sales staff to open an account for a client ...
