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UnionPay finally answers Alibaba, Tencent mobile challenge

... rd giants MasterCard (MA.US) and Visa (V.US). By comparison, at least the big state-run banks had to compete with each other for business. UnionPay not only had no competitors in its home market due t ...More

EJ Insight2015-12-15

Visa to buy former Europe unit in deal worth up to US$23 bln

... est rival MasterCard Inc. By value of payments, Visa Europe had a 52.2 percent share of the European card market in 2013. Visa said it would pay 16.5 billion euros (US$18.2 billion) up front in cash a ...More

EJ Insight2015-11-03

Banks in Hong Kong foresee limited impact from Apple Pay

...  Visa and MasterCard. However, a senior executive in Shanghai Commercial Bank was quoted as saying the penetration rate of the iPhone in Hong Kong is high and mobile payments are a trend that can't be ...More

EJ Insight2015-10-29

HKMA warns banks about security loopholes with NFC credit cards

... PayWave), MasterCard (PayPass), American Express or JCB card. In tests conducted by reporters, Banking Card Reader could retrieve cardholder information in one second, while Cardtest could do the same ...More

EJ Insight2015-10-13

FIFA suspends No. 2 official after ticket allegations

... ard firms MasterCard Inc. and Visa Inc. He was dismissed when a New York court ruled that FIFA had "lied repeatedly" during World Cup sponsorship negotiations with MasterCard, but eight months later h ...More

EJ Insight2015-09-18

Google pushes into mobile payment with US launch of Android Pay

... Services, MasterCard and Visa as well as cards issued by banks such as Bank of America and US Bank. Google said Citigroup and Wells Fargo would also be added to the list in the next few days. As part ...More

EJ Insight2015-09-11

Alipay checks in to Hong Kong with Marriott tie-up

...  Inc. and MasterCard Inc. This latest move is part of a larger new tie-up between Marriott and Alipay, which is part of the Alibaba-affiliated but separately owned Ant Financial. The tie-up is mostly ...More

EJ Insight2015-09-08

HKT launches foray into mobile payment market

... ntly with MasterCard Inc. and Dah Sing Banking Group Ltd. (02356.HK). It will run on Android devices, as well as Apple's iPhones at a later stage, Arena said. HKT Payment plans to sign up more banks t ...More

EJ Insight2015-07-28

Samsung delays mobile payment service to September

... ered with MasterCard and Visa on the new service, which will be compatible with 90 percent of magnetic-strip card readers, the company said at the time. Samsung initially wants to have between 15 and ...More

EJ Insight2015-06-08

China opens renminbi card business to foreigners

... isa Inc., MasterCard Inc. and other foreign card issuers who have long been waiting to enter the mainland payment settlement market. In 2012 the World Trade Organization ruled in favor of a complaint ...More

EJ Insight2015-04-23

What Facebook can gain from its P2P payment service

... r Visa or MasterCard debit card information to Facebook Messenger can make payments to their "friends" in a simple way. One just needs to strike up a conversation, select a "$" icon that appears in th ...More

EJ Insight2015-03-20

Coming in your next Facebook chat: cash

Facebook Inc. is adding a new feature to its messaging app that allows friends to send and receive money. The service is linked to a Visa or MasterCard debit card issued by a bank in the United States ...More

EJ Insight2015-03-18

China to ease grip on bank card-clearing operations

China will open up its market for clearing domestic bank card transactions, a move that is expected to benefit firms such as Visa Inc. and MasterCard Inc. The State Council, the nation's cabinet, said ...More

EJ Insight2014-10-30

Africa's education imperative

... . And the MasterCard Foundation is providing financial assistance to disadvantaged African students to help them attend secondary schools and university. All of these actors know that the kind of stab ...More

EJ Insight2014-09-15

Apple wireless payment service too boost iPhone 6 sales

... , Visa or Mastercard at the tap of a button. Samsung Electronics Co. Ltd. Motorola Mobility and others have similar wireless technology in many Android smartphones but with payment systems such as Goo ...More

EJ Insight2014-09-11

Tim Cook and Jack Ma eye closer ties after Alibaba IPO

... ies Visa, MasterCard and American Express on its mobile payment business. Alipay is likely to become its next business partner in this segment. -- Contact us at [email protected] CG ...More

EJ Insight2014-09-08

It's showtime for Apple

... Visa Inc, MasterCard Inc and American Express Co. The partnerships, as well as a special communication chip within the new iPhone and smartwatch, would allow consumers to use their gadgets at stores t ...More

EJ Insight2014-09-08

Your wallet: The next digital battlefield

...  Express, Mastercard and Visa have all rolled out contactless payment card systems for small purchases, leveraging near field communication (NFC) standards, and these are starting to be applied in Hon ...More

EJ Insight2014-09-02

Apple's new iPhone said to have mobile wallet function

... ude Visa, MasterCard and American Express. The new iPhone will make mobile payment easier by including a near-field communication chip, along with a fingerprint recognition reader that debuted on the ...More

EJ Insight2014-09-02

Betting on BitPay to swipe business from credit card titans

...  Visa and MasterCard rules have also long prohibited merchants from charging customers more for credit-card transactions; merchants are the ones who pay the fees. US merchants complain that they have ...More

EJ Insight2014-05-21

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