In several nations across the globe, the regulatory expectations and legal frameworks of the mobile payments environment have not yet been sharply defined. Many mobile payment service providers are not abiding by any well-defined regulatory requirements, end-users are lacking confidence in the security of mobile payment transactions and the development of mobile payment services in a number of countries is being halted.

The influence of China on global card acceptance is shown by the fact that Discover is accepted at more outlets than Visa and Mastercard as a result of agreements with UnionPay and other schemes

Reciprocal agreements boost acceptance for Discover, UnionPay and JCB

Paysend, the UK-based fintech business, has expanded its global reach by launching its money transfers service to Japan and South Korea.  Users are now able to send money to Japan and South Korea using card-to-card or account transfers.

Asia is an important growth market for global money transfers.  Global money transfers to the East Asia and Pacific region grew almost 7 percent to $143 billion in 2018, faster than the 5 percent growth in 2017, according to the World Bank.

SIA’s Board of Directors, which met today under the Chairmanship of Giuliano Asperti, has coopted five new Members of the Board, designated by Cassa Depositi e Prestiti (CDP): Federico Lovadina, Andrea Cardamone, Fabio Massoli, Andrea Pellegrini and Carmine Viola.

During the same meeting, the Board also appointed Federico Lovadina as the new Chairman of SIA, taking the place of Giuliano Asperti who has resigned.

If merchant acquirers are to outperform increasing competition from new entrants, they must leverage platforms that integrate digital value-added apps and services from third parties rather than try to integrate their own proprietary solutions. That’s the conclusion of a new report published by AEVI that examines merchant services trends in France, Italy, and Spain, with insights from leading industry experts. 

Amaechi Oduah, Marketing Director, EMEA and Tom Stevenson, Director UK, Forter at FinTech Connect

So, you’ve launched your own online marketplace, gig economy or sharing economy platform. What’s next? You need to attract users and, more importantly, retain them. But it’s actually one of the biggest challenges for a platform business to overcome.

Waracle, one of the UK's largest mobile apps and digital products developers, has received a £4.8m investment from BGF, the UK and Ireland’s most active investor in growing businesses, to support its long-term growth plans.

Waracle designs, develops and manages mobile apps and other digital products, working with some of the UK’s largest businesses across sectors including fintech, digital health and energy. Waracle continues to develop industry-leading digital solutions across the full mobile app development spectrum, including mobile, IoT, and Extended Reality (‘AR’ and ‘VR’).

Adam Toms, CEO of OpenFin Europe, talks to Financial IT at Fintech Connect 2019

TransferMate, one of the world’s leading cross-border B2B payments providers, and AccountsIQ, a market leading cloud accounting, consolidation and business intelligence solution, have announced further product integration to offer seamless international payments for AccountsIQ clients.

While AccountsIQ customers can already benefit from the preferential exchange rates and lower fees offered by TransferMate, the advent of TransferMate’s leading API technology means that international payments can now be generated directly from within the AccountsIQ platform.