05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s chairman, Dmitry Kostygin, told Businessweek, “Amazon has no chance.” The an online retailer reported $1.2 billion in sales last year. Instead of wooing customers...
07 March 2014 MeaWallet, a Norway-based white-label solution for mobile payments, reportedly is partnering with industry leaders to provide a platform to support most mobile payments options. The platform will work on “all types of smart devices and secure elements,” reportsNFC World. “The whole idea...
MasterCard, Visa and PayPal all reportedly voluntarily have agreed to block payments to non-UK-licensed gambling operators in anticipation of proposed changes to a UK gambling bill that would set an online gambling tax. Reports indicate that the proposed Gaming Duty rate of 15% would lead...
MasterCard has acquired Provus, an independent payment processor based in Turkey, the payment card network announced. Neither MasterCard nor Provus disclosed the terms of the sale. Founded in 2001, Provus is based in Istanbul. The acquisition is designed to strengthen MasterCard’s presence in the region....
