Mastercard digital inclusion drive with Samsung
phos and Mastercard pilot for Android mPOS
Klarna joint payment solution with Wirecard
PSR on Access to cash
EC Study on IFR impact
Paysafe looks for expansion with Mastercard
Nets acquires Polish PSP
Amazon ‘Just Walk Out’ technology
The aim is to enable digital access to consumers and small businesses in emerging markets through Mastercard’s extensible Pay on Demand platform. The platform brings together FIs, original equipment manufacturers and telcos to solve issues that have limited device financing in emerging markets.
The pilot enables merchants to accept contactless payments on Android mobile devices without the need for any additional hardware. The project uses Paynetics as the acquiring and involves c200 merchants across the participating countries of the UK, Germany, Bulgaria and Romania.
All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration with Wirecard. The solution, that sees Wirecard processing all transactions, is currently available in nine countries, with more geographies to be included in 2020.
The PSR is considering the information received and the feedback provided has been taken into consideration as it deicides what will be its key priorities on this important subject.
In the UK Budget the government has announced it will bring forward legislation to protect access to cash for those who need it. This will ensure industry continues to meet the changing needs of cash users.
The study finds that the main objectives of the Regulation have been achieved, as the interchange fees for consumer cards have decreased by 35% between 2015 and 2017. An increase in cross-border acquiring services and card transactions has also led to a higher degree of market integration.
The new agreement is designed to support Paysafe’s growth and card acceptance in the EEA with a particular focus on Paysafe’s card issuing solutions, including its Skrill Prepaid Mastercard and NETELLER Net+ Prepaid Mastercard. Mastercard will also support Paysafe’s product development and innovation, including digital enablement for its services.
The deal further strengthens Nets’ presence in Poland, adding SME focussed capabilities in ecommerce and POS, of which PeP has 125,000. The transaction values PeP’s at €405m. The acquisition follows the recent acquisition of Dotpay/eCard and the strategic alliance with Przelewy24, both of which are strong in e-commerce, making PeP’s POS strength a good fit.
Branded ‘Just Walk Out technology by Amazon’, a new website is to go live offering the service. Amazon says it already has “several” signed deals with customers. Shoppers will insert a credit card into a turnstile to enter a store, rather than scan an app as used for Amazon Go.
OTG’s CiboExpress outlets are to be the first to use Amazon’s Just Walk Out Technology.
Three of the CIBO Express Gourmet Markets that operate in major US airports are to be fitted with the Amazon technology in a move aimed at revolutionising the airport experience for travellers.