BFC Bulletins Monthly News Digest

The days of plastic payment cards are numbered, and mobile wallets are starting their taking over. The recent global rise in contactless payments, as well as biometrics, demonstrates that consumers …

The way people make payments is changing faster than any area of financial services, and understanding trends in payments is important for any financial institution wanting to serve the complete …

Payment startups have seen considerable momentum in recent years and are on track for USD 3.8 billion in funding this year. From point-of-sale solutions to money transfers and mobile payments, …

The National Bank of Tajikistan has issued three-year licenses to several international (Visa International, MasterCard, UnionPay and Western Union) and one national (Corti Milli) payment system operators. A license gives …

Payme has announced that Visa, MasterCard and Mir card holders can now transfer funds to Uzcard, with funds being automatically converted into the local currency. To receive a transfer, the …

Uniteller and Optima Bank have joined forces to launch a new online payment service, meaning that a number of additional services may now be paid online using Visa bankcards. This …

Chocofamily has launched a new mobile application called Rahmet. The application allows users to pay bills from their phone and receive up to 20% in cashback and other discounts. The …

A new law has been introduced in Japan to reduce the high usage of cash in the country. The law, which is being gradually phased in over the next two …

Electronic payments for goods and services are commonplace in the modern world. But have you ever wondered what happens behind the scenes? Explore how all the different parties involved are …

Amazon, the world’s largest online retailer, has created special accounts as part of a new banking service. This new service, however, does not imply that Amazon intends to launch its …

VTB Bank (Armenia) is now offering its customers new and technological services at ATMs. Customers of the bank can now use ATMs to withdraw money, make payments, execute money transfers …

Pasha Bank has been recognized as the leading bank in the field of non-cash payments in Azerbaijan. Currently, 90% of payment transactions and currency exchange operations conducted by legal entity …

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country’s banking industry. The Mobile QuickPass app is …

bPay, payment division of the British company Barclaycard is working with seven watch brands to create a new payment tool that is also stylish and functional as a watch. bPay …

User of Mail.Ru can now send money transfers of between RUB 100 and RUB 75,000 to users of any email address. To transfer money, users need to create a new …

London is set to host FinTech World Forum 2018, which will take place May 30-31, 2018. The event will feature 25 speaker and more than 300 delegates, speaking on a …

Bank of Russia is considering introducing a common payment space within the Eurasian Economic Union (EEU) based on blockchain technology. The introduction of Masterchange would allow for financial transactions and …

In Singapore, seven mobile wallet providers have formed a payment consortium as part of an effort to promote electronic payments in Singapore and with the aim of supporting interoperability among …

The number of payment cards in circulation in Kazakhstan is on the rise: the number of debit cards has increased 24.3%; the number of credit cards has increased 21.1%; and …

There are various ways of identifying a person biometrically. Here are the top five modern biometric methods of identification today: Fingerprints — fingerprint usage for identify has evolved with modern …