Irish banks plan Yippay mobile payments joint venture to compete with new entrants

Bank of Ireland, AIB, Permanent TSB and KBC Ireland are planning to launch a mobile payments service known as Yippay “to rival disruptors such as Revolut”, according to the Irish Independent. The four banks filed an application with Ireland’s Competition and Consumer Protection Commission (CCPC) for a joint venture called Synch Payments to create the …

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Cubic Announces Two More Small Transit Agencies Launching Umo, as Company Seeks to Broaden Market Reach

By:  Dan Balaban NFC TIMES Exclusive Insight – U.S.-based Cubic Transportation Systems has announced contracts with two more small U.S. transit agencies to move to Cubic’s Umo ticketing platform, as the large automated fare-collection system vendor seeks to broaden its market reach. Related stories, automatically selected:  Trip-Planning Apps Moovit and Transit Enable Ticketing and Payments for …

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Consumers to get option to personalise their digital payment cards

Consumers may soon be able to personalise the payment cards stored in their digital wallets by uploading their own pictures or images of their favourite sports teams, charities and retail brands to them. The digital card art solution is being developed with support from Google Pay and Mastercard to encourage the use of mobile wallets …

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More than 90% of consumers worldwide will consider using digital payments in the next year, Mastercard predicts

More than nine in 10 consumers (93%) will consider using digital payment methods including contactless, QR code and biometric payments as well as cryptocurrency transactions in the next year, according to a Mastercard survey. The card network’s New Payments Index identifies contactless technology as “the digital catalyst” for the exploration of new payment options during …

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European banks invest €30m in EU rival to Visa and Mastercard

The banks and other institutions backing the development of a unified payment systems for merchants and consumers across Europe have so far invested €30m in the European Payments Initiative, EPI chair Joachim Schmalzl has revealed. Plans to set up the pan-European payments system were first revealed in November 2019 and the EPI now has the …

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Mastercard in talks with PBOC over support for cross-border digital yuan transactions

Mastercard is seeking a role in the development of China’s central bank digital currency (CBDC) by supporting the use of the digital yuan for cross-border transactions and its conversion to and from foreign currencies, according to South China Morning Post (SCMP). Mastercard Asia-Pacific co-president Ling Hai confirmed in an interview with the Hong Kong-based publication …

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Transport Ticketing Digital Summit

Jun 22 2021 – Jun 24 2021 Virtual This three-day online summit will gather the global smart ticketing and mobility community to explore how transport operators and authorities are rethinking the way passengers use their services; leve Transport Ticketing Digital Summit read more