MasterCard Enters into Agreement to Acquire Provus Turkish Payments Solutions Provider

Posted on by wademinnie | 11279 Views | 6 min read

MasterCard announced that it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. The acquisition will build on MasterCard’s strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and

Australia Declared Global Leader in Moving Towards Cashless Payments

Posted on by wademinnie | 7783 Views | 19 min read

MasterCard has revealed in a new global report “The Cashless Journey” that Australia is a global leader in moving towards cashless payments. The Cashless Journey report tracks how 33 major economies are progressing from cash-based to cashless societies. In Australia, cash transactions account for less than 15 per cent of consumer payments, leading other major global economies including

MasterCard, Visa and American Express Propose New Global Digital Payments Standard

Posted on by wademinnie | 10281 Views | 20 min read

Visa, MasterCard and American Express recently introduced a proposed framework for a new global standard to enhance the security of digital payments and simplify the purchasing experience when shopping on a mobile phone, tablet, personal computer or other smart device. According to an August 2013 report from the U.S. Census Bureau, roughly six percent of

MasterCard debuts Priceless Africa in Nigeria

Posted on by wademinnie | 15985 Views | 13 min read

MasterCard has announced the launch of the Priceless Africa campaign in Nigeria, a part of the global Priceless Cities campaign; that aims to reward consumers in Nigeria for their loyalty and to enhance their journey towards embracing cashless transactions. Nigeria will be joining the current 26 MasterCard Priceless destinations across the globe, as consumers get

New Financial Inclusion Study Spotlights Europe’s Financially Excluded

Posted on by wademinnie | 6172 Views | 18 min read

MasterCard launched the Road to Inclusion, a report which shows preconceptions of the financially excluded are wide of the mark, based on a new financial inclusion study that is the largest of its kind. The findings were unveiled at the 2013 MasterCard Europe Prepaid Conference in Rome. The study took place across six European countries:

MasterCard Joins Better Than Cash Alliance

Posted on by wademinnie | 7875 Views | 11 min read

MasterCard announced, with a $1.5 million grant, that it is joining the Better Than Cash Alliance. MasterCard’s commitment comes at the one-year anniversary mark for the Better Than Cash Alliance, which works with governments, the development community and the private sector to digitize their cash payments to people in emerging economies. The initiative for electronic

National Bank of Egypt Launches Mobile Payments Service

Posted on by wademinnie | 15018 Views | 13 min read

In line with MasterCard’s recent introduction of Egypt’s Mobile Payment Gateway, National Bank of Egypt (NBE), Fawry and Egyptian Banks Company (EBC) have announced the launch of “Phone Cash”, an innovative new mobile payment solution. The “Phone Cash” mobile payment wallet is available to banked and unbanked customers across Egypt, who can use the service

MasterCard Announces Head of Emerging Payments for MEA

Posted on by wademinnie | 9682 Views | 7 min read

MasterCard announced the appointment of Aaron Oliver as Head of Emerging Payments for the Middle East and Africa (MEA). Aaron will be responsible for introducing and managing Emerging Payment products to meet the evolving needs of consumers and effectively support MasterCard’s future growth in the region. Aaron joins MasterCard from Visa where he held the

Multi-Application NFC SIM Card Approved by American Express, MasterCard, and Visa

Posted on by wademinnie | 17008 Views | 11 min read

Giesecke & Devrient (G&D) offers a new SIM platform that allows several different NFC applications to be executed securely and simultaneously on a single SIM card. The SkySIM CX SIM-card family provides protected areas that can be used for electronic payment and ticketing applications and for customer loyalty programs. Network operators will thus be able

South African Consumer Confidence Improves – MasterCard Index

Posted on by wademinnie | 5950 Views | 21 min read

South African consumer confidence has improved for the second half of 2013 according to the latest MasterCard Index of Consumer Confidence. With a score of 56.3, the Index currently describes local consumer confidence as ‘neutral-positive’. This is an increase of 8.3 points from the somewhat pessimistic score of 48 recorded six months ago. Now in