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Cards & Payments

Contactless payment transactions to reach $6tn globally by 2024, fuelled by increased card use

New data from Juniper Research forecasts that global contactless transaction values will reach nearly $6 trillion (€5.5 trillion) in 2024, up from $2 trillion (€1.8 trillion) in 2020. It found that this increase will be driven by significant growth...

SBI launches virtual card for online payments

State Bank of India (SBI) is offering a virtual card to be used for e-commerce transactions. The new offering will be a limit debit card that can be used for online shopping at merchant websites accepting Visa cards. The card...

Citi to provide co-brand credit card services for US retailer Meijer

American supercenter chain Meijer has partnered with Citi Retail Services to offer private label and co-brand credit card services. The duo signed a long-term agreement, with Citi serving as the exclusive issuer of the credit card from 24th of...

Visa to serve as payment partner for French fintech trio

Visa has become the preferred payment partner for fintech firms Lydia, Lunchr, and manager.one – all headquartered in France. The cards company will assign a team to work with the three fintech firms to further their development strategies. The...

InComm Japan Partners with Taiwanese QR and Barcode Payment Processor JKOPAY

InComm, a leading payments technology company announced that it has partnered with Taiwanese QR and barcode payments processor JKOPAY, to make their technology accepted at retailers across Japan. JKOPAY is well established as one of Taiwan's largest QR and barcode...

INTL FCStone acquires German payment services provider GIROXX

GIROXX provides online payment and foreign exchange hedging services to small and medium sized enterprises (SMEs) in Germany, Austria and Switzerland. Financial services firm INTL FCStone, through its UK-based subsidiary, has signed a sale and purchase agreement to acquire...

Western Union Expands Bank Account Payout in China Via Du Xiaoman Financial Mobile App

Western Union, a leader in global cross-border, cross-currency money movement and payments, and Du Xiaoman Financial and its network of bank partners launched Western Union® international money transfers to be paid out in real-time into even more bank accounts...

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