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  • IDEX Teams with Chinese SE Specialist on Reference Design for Biometric Cards

    IDEX Teams with Chinese SE Specialist on Reference Design for Biometric Cards


    2018-11-30 [ Industry News ]


    IDEX Biometrics has partnered up with CEC Huada Electronic Design Co., or HED, a China-based Secure Element specialist. The two companies will work together on a reference design for biometric smart cards.The partnership was announced on the closing day of this year’s Trustech event in France, where IDEX representatives are on hand alongside other smart card partners including Feitian and Chutian Dragon. The lead-up to Trustech has seen a flurry of announcements from biometrics specialists angling for position in the emerging biometric payment cards market, with NEXT Biometrics havin......

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  • FNB Partners with FinTech Distribution Platform to Help Reach the Informal Economy

    FNB Partners with FinTech Distribution Platform to Help Reach the Informal Economy


    2018-11-28 [ Industry News ]


    First National Bank (FNB), a division of FirstRand Bank Limited, has announced its partnership with Selpal, a South African FinTech company that operates specifically in the township and informal economy, or the “Unseen Economy”.Michael Vacy-Lyle, CEO of FNB Business explains that “with 50% of South Africa’s urban population living in townships, the ecosystem supporting these communities warrants significantly greater focus from the banking sector. We refer to this opportunity as the “Unseen Economy” – the opportunity space that most call the informal sector or the township economy. These busi......

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  • TPBank becomes the first bank in Vietnam to support QR code Withdraw money

    TPBank becomes the first bank in Vietnam to support QR code Withdraw money


    2018-11-20 [ Industry News ]


    TPBank is the first bank in Vietnam that allows the use of QR codes to withdraw money at ATMs and Livebanks without the need for a credit card. TPBank said on November 5 that it has completed an update that allows for withdrawals via QR code. To use this feature, users need to download QuickPay for iPhone or Android phones and then connect their bank account to QuickPay. The bank said that withdrawing cash through QR codes provides customers with a safe and fast way. In addition to withdrawing money, the bank's QR code can also be used for payment in thousands of stores or vending machines......

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  • UnionPay international and Singapore NETS deepen mobile payment cooperation

    UnionPay international and Singapore NETS deepen mobile payment cooperation


    2018-11-14 [ Industry News ]


    On November 13, UnionPay International signed a memorandum with Singapore Payment Service Group NETS (Starnet Electronic Payment Company) to further deepen mobile payment cooperation on the basis of its mobile payment product NETSPay supporting UnionPay's two-dimensional code payment. In the witness of Meng Wenneng, Director-General of the Singapore Monetary Authority, Shi Wenchao, President of China UnionPay, and Wu Linshu, CEO of NETS signed the contract on behalf of both sides.Since this year, relying on the continuous improvement of overseas mobile payment acceptance environment, Union......

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  • Tap-And-Go Increasingly Part Of The Mobile Payments Landscape

    Tap-And-Go Increasingly Part Of The Mobile Payments Landscape


    2018-11-14 [ Industry News ]


    The move to a contactless payment system is big news in the New York subway system. We actually got word from Paysafe to that effect recently, showing how contactless payments could be a real game-changer in the inefficient, cash-burning subway. Yet even this is just part of a movement that’s been in the making for over three years, as Americans make the move from swiping to dipping to tapping.Visa recently issued predictions noting that 100 million of its United States-issued cards would be contactless in nature, and such a move would happen before 2019’s end. Not a bad timeline, but one that......

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