Alibaba has unveiled a facial recognition system which can be used to pay for purchases at a fast food restaurant JPMorgan Chase has been awarded a patent for the technology that allows mobile applications to talk to each other, despite the fact that the...
Bidco, a newly incorporated company jointly-owned and managed by Blackstone and CVC has reached an all-cash agreement to acquire online payments company Paysafe. The deal is expected to be completed in Q4 2017 Worldpay CEO, Philip Jansen, is to receive a £9.2m salary...
PayPal is to start issuing debit cards in Europe after negotiating a deal with Visa. Under the new arrangement, PayPal will offer PayPal-branded Visa debit cards which are expected to appeal to small businesses that carry balances in their PayPal account for buying...
RBR has reported that the number of payment cards worldwide increased by 8% to 14bn in 2016. According to RBR’s Global Payment Cards Data and Forecasts to 2022, UnionPay, Visa and Mastercard accounted for 80% of all cards in 2016. UnionPay increased its share of cards...
Boston Consulting Group and the Association for Financial Markets in Europe have warned that Europe’s SMEs will be the biggest losers if banks face significant restructuring costs and extra capital requirements from a hard Brexit. Their research found that UK-based...
