Since the launch of contactless just over a decade ago, innovation in payment cards has struggled to keep pace. While card payments themselves have steadily risen, in an increasingly mobile and digital age, many are already predicting the death of the card.
The beginning of the end for the payment card? Not quite. In recent years, we’ve seen the development and launch of new, non-standard cards that are giving the form factor the boost it needs to continue to thrive.
The Social Insurance Institution of Finland – Kela and Tieto will carry out a proof of concept in 2019 which will seek to develop a digital payment guarantee usable either with a mobile application or a payment card.
A new type of digital payment guarantee, the smart money could help digitalise some of the processes related to payments. Kela and Tieto will develop a proof of concept in 2019 designed to test smart money either with a mobile application or a payment card as an alternative to paper-based payment guarantees.
Copper, the London-based custodian for digital assets, is the first institutional custodian to integrate the Telegram Open Network (TON) key generator. This allows investors that took part in the $1.7 billion fundraise to receive their Gram tokens from Telegram.
This news follows an email sent on Wednesday, 2nd October from Telegram announcing to investors that the Telegram Open Network is planned to be launched in late October.
Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. Valued at USD35 billion, Stripe also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country.
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