Bracing for Brexit: Credit Cards Tighten, P2P Sputters

US is probably getting daily offers from Bank of America, Citi, and Chase on interest-free balance transfer offers, our friends in the UK experience.

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Japan’s Cashless Payment Players Burn Cash to Draw Customers

TOKYO — Operators of cashless payment systems are struggling to expand in Japan, urging companies like SoftBank’s affiliate QR payment service PayPay to invest in promotional campaigns in a bid to increase customers. PayPay launched its second campaign to give out 10 billion yen (91 million) to its customers this month.

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City of London Mayor Sees Fintech Promise in Greater Bay Area Plan

Peter Estlin looks to drum up investment for London’s financial district before Britain’s divorce from European Union trading system.

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Fintechs Are Ready and Waiting for Australia’s Open Banking Framework

The Consumer Data Right bill has been introduced to parliament. The national association for Australia’s fintech startup community FinTech Australia, as well as its members, have welcomed the progress of Australia’s Consumer Data Right bill.

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Plastic Cards Market: Past, Present and Future Scenario

The chip enabled cards segment has an estimated revenue share of almost 80 of the global plastic cards market by technology in 2018, and is predicted to remain the key technology segment throughout the duration of the forecast period.

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Cross Border Payment Innovation and Regulation Drive Each Other

Unheard of today, the New York Mississippi Valley Printing Telegraph Company was founded in 1851. Five years later, the company was renamed Western Union. Arguably one of the first companies to transact across borders, Western Union tapped into its telegraph network to transfer money from one location to another.

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The State of FI Innovation: Moving in Reverse 

Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never turning around and marching in the wrong direction.

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5 Indonesian State-owned Enterprises Merge Mobile Payment Services

Industry experts are doubtful the new cartel can compete with Go-Jek or Ovo.

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Speedpay® Pulse Trend Report Delves Into the Benefits of Mobile Wallet Payments

For many consumers, smartphones are an integral aspect of their lives. According to Pew Research Center, 77 percent of Americans now own smartphones, up from just 35 percent from the organization’s 2011 smartphone ownership survey.

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Treasury Official Doubts Fintech Needs Payment System Overhaul

A senior Treasury Department official is challenging the idea that rapidly evolving financial technology will require a sweeping overhaul of rules governing payment services and the electronic transfer of funds between consumers, banks, merchants and others.

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