Mastercard has announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. Central banks, commercial banks, and tech and advisory firms are invited
Mastercard announced the expansion of its cryptocurrency program, making it simpler and faster for partners to bring secure, compliant payment cards to market. The company says consumer interest and investment in digital currencies are growing, with research showing that up to 20 percent of the population of some countries are
Openpay shares drop first day on the ASX, While Latitude and Mastercard partner to create BNPL offering
Buy now pay later platform Openpay dropped 17 per cent on its first day listed on the ASX. According to the Sydney Morning Herald, the stock fell from the issue price of $1.60 to $1.35 half an hour after listing. It finished on Monday down 17.5 per cent at $1.32.
Facebook’s biggest partners for its upcoming Libra payments network have backed out of the project less than four months after it was announced. Mastercard, Visa, and eBay said Friday they are dropping out of the partner group working on Libra, joining Paypal which backed out a week earlier. Libra is
Sydney commuters are now able to tap on and off trains with their credit card from today after the success of the trial run by Transport for NSW in partnership with the Commonwealth Bank, Cubic and Mastercard. Customers using their credit card, smartphone or smartwatch will be paying a standard
The use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets, according to a new study from Juniper Research. The research forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum
Mastercard is relocating its Sydney-based employees to a new “Global Tech Hub and Innovation Centre” in St. Leonards from mid-2018. The new premises will be one of just five Mastercard Global Tech Hubs and Innovation Centres and the only one in the southern hemisphere. Sign up for Which-50’s Irregular Insights
Convenience, time-saving and ease of use are the three big drivers of consumer engagement with online banking according to a new study by Mastercard in Europe. Six out of ten Europeans welcome digital solutions and believe that the digitisation of the banking industry is making their lives easier and safer.
The number of mobile payments authenticated by biometrics will rise to nearly 2 billion this year, up from just over 600 million in 2016, according to Juniper Research. The new research – Mobile Payment Security: Biometric Authentication & Tokenisation 2017-2021 – found that while Apple Pay had provided the catalyst