Interbank networks

UnionPay International Offers Easier Cross-border Transactions as Overseas Issuance Reaches 120 million

Retrieved on: 
Monday, August 5, 2019
Money, Finance, Payment cards, Credit cards, Interbank networks, Banking in China, UnionPay, Payment systems, Bank of China, Debit card

Among these cards,over 5 million are UnionPay premium cards(Platinum and Diamond), marking a year-on-year increase of about 20%.

Key Points: 
  • Among these cards,over 5 million are UnionPay premium cards(Platinum and Diamond), marking a year-on-year increase of about 20%.
  • UnionPay cards issued in Hong Kong, Macao, Southeast Asia, and Central Asia saw 90% of transactions occur locally.
  • In the same year, UnionPay cards issued outside mainland China saw transactions across 135 markets, with cross-border transactions up by more than 20% year-on-year.
  • More and more major overseas institutions such as AmBank have begun to issue UnionPay premium cards, upgrading their client services.

Payscout and UnionPay Announce Partnership on Global Ecommerce with Instant Onboarding

Retrieved on: 
Tuesday, July 30, 2019
Credit cards, Money, Finance, Interbank networks, Economy, Banking in China, UnionPay

"UnionPay is committed to providing secure, convenient and flexible payment services for our cardholders worldwide," said Mr. Larry Wang, Vice President of UnionPay International.

Key Points: 
  • "UnionPay is committed to providing secure, convenient and flexible payment services for our cardholders worldwide," said Mr. Larry Wang, Vice President of UnionPay International.
  • We believe our partnership will enable merchants to effectively accept UnionPay Online Payment, further enhancing our service capabilities for UnionPay cardholders."
  • "Payscout is honored to be recognized as a trusted partner of UnionPay International," said Cleveland Brown, CEO of Payscout.
  • "As a long-time advocate of global ecommerce, we are excited to work closely with UnionPay in supporting their plans for global expansion."

Payscout and UnionPay Announce Partnership on Global Ecommerce with Instant Onboarding

Retrieved on: 
Tuesday, July 30, 2019
Money, Credit cards, Finance, Interbank networks, Economy, Banking in China, UnionPay, NETS

With Payscout's direct connection to UnionPay International, global merchants can now leverage instant onboarding to offer UnionPay acceptance via the SecurePlus network, uniquely enabling credit and debit transactions in a single solution.

Key Points: 
  • With Payscout's direct connection to UnionPay International, global merchants can now leverage instant onboarding to offer UnionPay acceptance via the SecurePlus network, uniquely enabling credit and debit transactions in a single solution.
  • We believe our partnership will enable merchants to effectively accept UnionPay Online Payment, further enhancing our service capabilities for UnionPay cardholders."
  • "Payscout is honored to be recognized as a trusted partner of UnionPay International," said Cleveland Brown, CEO of Payscout.
  • "As a long-time advocate of global ecommerce, we are excited to work closely with UnionPay in supporting their plans for global expansion."

Indian Mobile Wallet Market is Estimated to Grow with a CAGR of 52.21% During the Forecast Period, 2018-2023 - ResearchAndMarkets.com

Retrieved on: 
Friday, July 26, 2019
Professional services, Consulting, Mobile payments in India, Financial services, Economy, Finance, E-commerce, Online payments, Banking in India, Interbank networks, MobiKwik, FreeCharge, Paytm, Digital wallet

It is estimated that during the FY 2019-FY 2023 period, the Indian mobile wallet market will expand at a compound annual growth rate (CAGR) of ~52.21%, by volume, from the mark of 6.4 Bn in FY 2018.

Key Points: 
  • It is estimated that during the FY 2019-FY 2023 period, the Indian mobile wallet market will expand at a compound annual growth rate (CAGR) of ~52.21%, by volume, from the mark of 6.4 Bn in FY 2018.
  • The growth of e-commerce, an expanding smartphone user base, presence of payment banks and Unified Payment Interface (UPI) platforms are driving the mobile wallet market in India.
  • The major players in the Indian mobile wallet market include Paytm, FreeCharge, MobiKwik, and others.
  • The UPI system developed by National Payments Corporation of India (NPCI), which facilitates inter-bank transactions, is a path-breaking trend in the Indian mobile wallet market.

Saudi Arabia ATM Managed Services Market is Driven by Growing Number of ATMs & ATM Withdrawal Transactions, Mounting Outsourcing Activity by Banks, Entry of New Players: Ken Research

Retrieved on: 
Wednesday, July 10, 2019
Payment systems, Economy, Banking, Financial services, Automated teller machine, Automation, ATM, Automated teller machines, Interbank networks

The interpretation explores ATM Supply Market and ATM Cash Management Services Market as detailed market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.

Key Points: 
  • The interpretation explores ATM Supply Market and ATM Cash Management Services Market as detailed market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.
  • India ATM Cash Management Market Forecast to 2023 - ATM Replenishment, Cash in Transit, Cash Pickup and Delivery and Vaulting Services, Bullion Management, and Cash Processing
    The report provides a comprehensive analysis of India ATM Cash Management Services market introduction and genesis, market size by revenue and working model.
  • India ATM Market Outlook to 2023 - By ATM Supply, Managed Services (ATM Repair, Maintenance and Other Services, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management) & Cash Management (ATM Replenishment, CIT, CPD)
    The report provides a comprehensive analysis of India ATM Managed Services market introduction and genesis, market size by revenue, market ecosystem, value chain analysis.
  • The report covers snapshot on India ATM Cash Management Services market, decision making process for India ATM Management Services Market and tender process applicable.

Saudi Arabia ATM Managed Services Market is Driven by Growing Number of ATMs & ATM Withdrawal Transactions, Mounting Outsourcing Activity by Banks, Entry of New Players: Ken Research

Retrieved on: 
Wednesday, July 10, 2019
Payment systems, Economy, Banking, Financial services, Automated teller machine, Automation, ATM, Automated teller machines, Interbank networks

The interpretation explores ATM Supply Market and ATM Cash Management Services Market as detailed market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.

Key Points: 
  • The interpretation explores ATM Supply Market and ATM Cash Management Services Market as detailed market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.
  • India ATM Cash Management Market Forecast to 2023 - ATM Replenishment, Cash in Transit, Cash Pickup and Delivery and Vaulting Services, Bullion Management, and Cash Processing
    The report provides a comprehensive analysis of India ATM Cash Management Services market introduction and genesis, market size by revenue and working model.
  • India ATM Market Outlook to 2023 - By ATM Supply, Managed Services (ATM Repair, Maintenance and Other Services, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management) & Cash Management (ATM Replenishment, CIT, CPD)
    The report provides a comprehensive analysis of India ATM Managed Services market introduction and genesis, market size by revenue, market ecosystem, value chain analysis.
  • The report covers snapshot on India ATM Cash Management Services market, decision making process for India ATM Management Services Market and tender process applicable.

Sentral, LLC and myGini, Inc to Provide Universal Access to Merchant Rewards Programs

Retrieved on: 
Tuesday, July 9, 2019
Money, Economy, Finance, Debit cards, Credit cards, Payment systems, Interbank networks, MasterCard, Visa Inc., Payment card, LINK, Debit MasterCard

The collaboration with Sentral enables myGini to provide financial institutions with a cloud-based, AI-driven loyalty platform that covers payment card transactions on Visa, Mastercard and debit networks in the US.

Key Points: 
  • The collaboration with Sentral enables myGini to provide financial institutions with a cloud-based, AI-driven loyalty platform that covers payment card transactions on Visa, Mastercard and debit networks in the US.
  • myGini is the first program manager to launch with the Sentral Debit Link platform, with immediate access to the NYCE debit network with other networks to follow.
  • "We believe it's essential to provide consumers with an effortless and reliable experience for card-linked offer redemption.
  • Sentral is also working with relevant parties in Canada and Mexico to provide similar access to CLO program managers looking to expand across the border.

UnionPay mobile payments accepted at 3,000,000 merchant locations outside mainland China

Retrieved on: 
Tuesday, June 25, 2019
Money, Economy, Financial services, Payment systems, Mobile payments, Interbank networks, Banking in China, UnionPay, Contactless payment, QR code payment, NETS

And besides traditional card-swiping, innovative payment methods offered by UnionPay are available at over 3,000,000 merchants across 46 countries and regions outside mainland China.

Key Points: 
  • And besides traditional card-swiping, innovative payment methods offered by UnionPay are available at over 3,000,000 merchants across 46 countries and regions outside mainland China.
  • So far, UnionPay payment service is available at over 27 million merchants outside mainland China, covering both popular destinations as well as emerging destinations for Chinese tourists.
  • About 2.8 million merchant locations accept UnionPay's contactless payment, QuickPass; and merchant locations accepting UnionPay QR code payment has rapidly increased to 300,000.
  • In the next two months, customers who pay with UnionPay mobile payments can enjoy special offers at over 10,000 merchant locations outside mainland China.

UnionPay mobile payments accepted at 3,000,000 merchant locations outside mainland China

Retrieved on: 
Tuesday, June 25, 2019
Money, Economy, Financial services, Payment systems, Mobile payments, Interbank networks, Banking in China, UnionPay, Contactless payment, QR code payment, NETS

And besides traditional card-swiping, innovative payment methods offered by UnionPay are available at over 3,000,000 merchants across 46 countries and regions outside mainland China.

Key Points: 
  • And besides traditional card-swiping, innovative payment methods offered by UnionPay are available at over 3,000,000 merchants across 46 countries and regions outside mainland China.
  • So far, UnionPay payment service is available at over 27 million merchants outside mainland China, covering both popular destinations as well as emerging destinations for Chinese tourists.
  • About 2.8 million merchant locations accept UnionPay's contactless payment, QuickPass; and merchant locations accepting UnionPay QR code payment has rapidly increased to 300,000.
  • In the next two months, customers who pay with UnionPay mobile payments can enjoy special offers at over 10,000 merchant locations outside mainland China.

Canadian fintech launches industry-leading cross border bill pay solution for financial institutions

Retrieved on: 
Tuesday, June 25, 2019
E-commerce, Economy, Payment systems, Money, Financial services, Interbank networks, Banking in India, Online payments

TORONTO, June 25, 2019 /PRNewswire/ -Canadian fintech Buckzy Payments Inc. today announced an enhancement to its real-time cross border network by including real-time cross border bill pay through a single connection, solving a longstanding challenge to international bill payments.

Key Points: 
  • TORONTO, June 25, 2019 /PRNewswire/ -Canadian fintech Buckzy Payments Inc. today announced an enhancement to its real-time cross border network by including real-time cross border bill pay through a single connection, solving a longstanding challenge to international bill payments.
  • Despite many industry leaders attempting to find real-time cross border bill payment solutions, Buckzy is the first to present a functional real-time bill pay network, now available to financial institution partners.
  • "The friction that has existed until now makes it very tedious, specifically within the consumer experience, but fortunately we're able to piggyback on our real-time network, ultimately allowing financial institutions to offer this solution to their customers by providing an innovative alternative for cross border bill pay."
  • The network technology platform enables cross border money movement between banks and 3rd party wallets to enable remittance, bill payments and P2P consumer transfers.