Tag: payments
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Britain seeks to break Apple’s grip on contactless payments
LONDON, Oct 20 : Britain’s competition regulator said on Tuesday it was seeking to loosen Apple’s grip on contactless payments by proposing that the company lower fees and remove technical barriers, helping rival services compete with Apple Pay.The Competition and Markets Authority said its proposals would re
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European payments groups join forces to challenge US dominance
MADRID/PARIS/MILAN, Sept 30 : European payment groups serving 130 million people, including Spain’s Bizum, Italy’s Bancomat and Brussels-based Wero, said on Wednesday they were joining forces to create a cross-border payments network as Europe seeks to curb its dependence on Visa and Mastercard.The companies
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European payments groups join forces to lessen US reliance
MADRID/PARIS/MILAN, Sept 30 : European domestic payment groups serving 130 million people, including Spain’s Bizum, Italy’s Bancomat and Wero, said on Wednesday they were combining forces to form a joint company to oversee cross-border payments.Europe has been trying to curb its dependence on Visa and Maste
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$2.5 billion Amazon Prime settlement update: See if you qualify for a $200 payout and learn how to cancel unwanted subscriptions
Under a revised FTC order, more Amazon users qualify for a refund and the maximum payout been raised from $51 to $200.
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Apple Pay eyes India rollout with Axis Bank, sources say
MUMBAI, Sept 18 : Apple is poised to launch Apple Pay in India next month with Axis Bank’s credit cards, three sources familiar with the matter said, as it works to expand support among the country’s lenders.The launch, starting with a single major banking partner, would help the US company offer its payment
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Explainer-India’s UPI fee shake-up: What changes and why it matters
MUMBAI, Sept 16 : Using mobile phones to scan a QR code for payments has become near ubiquitous behaviour in India over the last decade, thanks to a widely used homegrown network, the Unified Payments Interface (UPI).But after six years of free use, regardless of size or type of payment, India has decided to
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UPI: The small fee raising big questions for India’s payments revolution
Since its launch in 2016, UPI has become a central part of India’s digital payments economy.
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Why cash continues to thrive even as India’s digital payments grow
Digital payments are booming, yet cash remains deeply embedded in the economy in India, central bank data shows.
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India launches tap-and-pay option for real-time payments ahead of full Apple Pay rollout
MUMBAI, Sept 10 : India’s payments authority launched a tap-and-pay option in its real-time payments network on Thursday, ahead of an expected full launch of Apple Pay in the country.The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), is the world’s largest ret
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Dutch fintech Adyen sees long-term India opportunity, plans local expansion
MUMBAI, Sept 9 : Dutch payments processor Adyen plans to expand its India operations and hire more employees as it bets on the country’s fast-growing digital payments market and rising cross-border commerce activity, a top executive told Reuters.The Amsterdam-listed company, one of the world’s largest fintech
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