Precise Biometrics’ product for fingerprint recognition in mobile devices, Precise BioMatch Mobile, has through cooperation with Fingerprint Cards (FPC) been integrated in a new Chinese smartphone. The integration will generate license revenue starting from the third quarter 2015. The value of license revenue is based on the number of sensors FPC delivers to the mobile
While there has been much hype around the mobile payment revolution in various informal markets in Africa and elsewhere, the reality is that these are still cash-based markets. In fact, cash still accounts for over 85% of consumer transactions globally. Another key and often overlooked feature of many informal markets is the high number of
UnionPay International and SBM jointly declared that all merchants and ATMs of the latter have been opened to accept UnionPay cards (card number starting with 62). So far, the coverage of local merchants and ATMs accepting UnionPay cards has been increased to 90% and 60% respectively. It also means that UnionPay International has realized its
Arab Mobile Content, an end-to-end value-added service (VAS) solutions and content provider, focused on the Middle East and North Africa regions, has partnered with SLA Mobile, a global provider of managed Digital Service solutions, to deliver Direct Operator Billing to customers. “Arab Mobile Content sources, creates and develops content for mobile operators and as such
Sterling Payment Technologies, a national payment processor and provider of integrated payment solutions, recently announced that it has completed certification for an EMV-capable solution for software developers with Datacap Systems, a leading integrated payments middleware provider. Certification with the card brands is expected to be completed in the coming weeks. Because of the EMV liability
Silicon Valley Bank and MasterCard are inviting startups from across the United States to apply for Commerce.Innovated., a program designed to help companies that are working in payments, fintech and commerce grow their businesses. Commerce.Innovated. is a four month virtual program that provides startups with the resources to help refine and scale their solutions through
Hyderabad/Aschheim (Munich). Pyro, BSNL, Andhra Bank and Wirecard announce the rollout of SpeedPay, an open loop mobile wallet, in the Indian states of Telangana and Andhra Pradesh. SpeedPay enables users to make domestic money transfer, cash deposits and withdrawals at authorized SpeedPay agents, utility bill payments, prepaid mobile recharge, purchase of bus tickets, etc. The
Emerging Markets Payments (EMP), the leading electronic payments processing company in Africa and the Middle East, and Guaranty Trust Bank (GTB) announced a processing partnership for debit and credit cards that has enabled GTBank to launch the first platinum MasterCard Credit Card in Kenya. The launch of GTBank’s Platinum card reflects demand from a growing
At a recent 3 day Commonwealth Virtual Currencies Working Group conference in London, Kenya was represented by Bitpesa, a digital currency financial service firm based in Nairobi. In the same week, Barclays UK announced it will accept bitcoin -a virtual currency – for charity donations. Late this week, US regulator CFTC officially recognized bitcoin as
Wirecard is now also handling all processing of online credit card and PayPal payments for Sky subscriptions. With a current figure of around 4.3 million subscribers, Sky Deutschland is the largest pay TV provider in the German-speaking region. The Wirecard Bank will be providing credit card acceptance. Wirecard has been responsible for processing the payments
