50p weekly reading list #15 — 17 Jan 2018
Here’s what’s new this week.
Visa starts testing biometric payment cards
Visa has started working with Mountain America Credit Union and the Bank of Cyprus to test a new EMV dual-interface card which would work with chip based and contactless readers. The new technology is also said to incorporate on-card biometrics for authentication.
NEW YORK--()-- NATIONAL RETAIL FEDERATION "BIG SHOW" - Visa (NYSE: V) today announced it has initiated pilots with…www.businesswire.com
Google consolidates its payments offerings under ‘Google Pay’
Google has announced that it would be integrating its wallet, Android Pay and Tez under single brand — Google Pay. Google has said that with Google Pay, payments will be made available online, in-store and across Google products.
Google on Tuesday announced a unified payment platform, Google Pay, merging Android Pay and Google Wallet The internet…www.hindustantimes.com
What the new MDR structure means for stakeholders
The RBI announced revised rates for the Merchant Discount Rate (MDR) recently to push digital payments. If you’re a stakeholder how’s confused about how this affects you, check out this handy guide which summarises the rates for different stakeholders involved.
Recently, the RBI announced a revision of the Merchant Discount Rate (MDR) with an objective to push for cashless…yourstory.com
A year after demonetisation, debit and credit card usage plateaued
As per data from the RBI, the number of debit cards added in November 2018 was about 6.59 million and about 0.9 million for credit cards. This interesting analysis by Medianama looks at the usage rates and transaction volumes since last year.
In November 2017, the number of debit cards in India increased to 832.9 million with 6.59 million new cardholders…www.medianama.com
Paytm launches Paytm Money
Paytm has launched Paytm Money which will offer investment and wealth management products. To begin with, the product will offer mutual fund products and work with asset management companies on these offerings.