Jingdong Introduces First Electronic “Fapiao” in China’s E-Commerce Industry

Posted on by wademinnie | 11205 Views | 5 min read

Jingdong (“JD.com” or the “Company”), China’s leading direct B2C e-commerce company, announced that it recently began offering the first government-issued electronic receipts, or “fapiao,” in China’se-commerce industry. The electronic receipts are an additional option for customers beyond the traditional paper fapiao that Jingdong has always offered for all products sold both through its direct sales and POP marketplace platforms. “The

StanChart To Launch Islamic Banking In Kenya, Indonesia

Posted on by wademinnie | 14367 Views | 6 min read

Standard Chartered Plc will start offering Islamic banking in Kenya as a springboard into the rest of Africa and it may expand services in Indonesia, its global head of Islamic consumer banking said. Shariah-compliant banking makes up two percent of Kenya’s banking industry, split between two Islamic lenders and conventional banks with Shariah-compliant products, like

MTN Uganda Revises Mobile Money Tariffs Following New Tax on Money Transfer

Posted on by wademinnie | 14493 Views | 7 min read

MTN Uganda announced revised Mobile Money rates effective July 2nd, 2013. Commenting on this increment, the MTN Uganda’s GM Corporate Services, Anthony Katamba said, “According to the new national budget 2013/2014, the 10% levy on Mobile Money is to be applied on transaction fees paid on all money transfer services and as such the fee

Fiserv Holds Leadership Position among Electronic Bill Payment Providers

Posted on by wademinnie | 4134 Views | 15 min read

Fiserv, Inc.  a leading global provider of financial services technology solutions, announced that the company was recognized as the top online and mobile bill payment processor in a recent report by Aite Group, a financial services research firm. Fiserv provides comprehensive electronic billing and payment solutions that enable thousands of financial institutions and hundreds of businesses to provide

Western Union, Commercial Bank of Dubai to Introduce Prepaid Payroll Card in UAE

Posted on by wademinnie | 9260 Views | 11 min read

Western Union and Commercial Bank of Dubai (CBD) today announced they will work together to introduce a co-branded prepaid payroll card in the United Arab Emirates. The CBD Western Union® Payroll Card, which is expected to be available this summer, follows the introduction of the UAE government-mandated Wages Protection System (WPS), which requires that all

MasterCard is Making it Easier for Merchants to Accept Online Payments

Posted on by wademinnie | 8017 Views | 6 min read

MasterCard Worldwide is reaching out to US merchants and developers with Simplify Commerce™, a new product that makes it easy to accept e-commerce and mobile commerce payments, regardless of payment brand, in a matter of minutes. Merchants, especially those managing smaller businesses, do not always have the resources readily available to help them set up

NCR Introduces Interactive Video Technology for Banks

Posted on by wademinnie | 12866 Views | 11 min read

Cadence Bank, a leading regional bank serving the Southeast and Texas in the US, will be the first bank in Birmingham to begin using interactive video technology. In the next few months Cadence will install two drive-up APTRA™ Interactive Teller units from NCR Corporation which will extend service hours and create friendly and efficient customer

Italy’s UniCredit Opts for CINEO Systems and Services from Wincor Nixdorf

Posted on by wademinnie | 13625 Views | 8 min read

UniCredit, the biggest bank in Italy, will be gradually procuring automated teller machines and cash recycling systems from Wincor Nixdorf’s new CINEO generation over the next three years, in a replacement project addressing almost 50 percent of its installed base of self-service systems. Wincor Nixdorf will also be providing services for the bank. All this

Malawi Joins Better Than Cash Alliance

Posted on by wademinnie | 9678 Views | 11 min read

The Government of Malawi announced that it is joining the Better Than Cash Alliance, committing to transition government cash payments to electronic disbursements. Malawi’s primary goals in shifting to e-money are to increase transparency, decrease costs, accelerate economic growth, and address poverty by increasing financial inclusion for all Malawians. “We have tried many different cash

Braintree Reaches $10B Worldwide and Brings its Payment Platform to Mojang and Other European Innovators

Posted on by wademinnie | 11546 Views | 13 min read

Braintree, the global payment platform behind many of the best next-generation online and mobile purchasing experiences, today announced more international momentum with the addition of Sweden-based Mojang, maker of the popular games Minecraft, Scrolls and Cobalt. Mojang joins a growing list of international companies, such as AVG Technologies, The Economist and Rovio/Angry Birds, using Braintree as their payment platform.