GMO Global Payment Fund invested an undisclosed amount in 2C2P, a Thailand-based payment processing company in which it had already invested USD 500k in 2013. The company was valued at USD 16M before the new round of investment. Get the Full Story Complete the form...
According to a recent RAPSI article, Pavel Vrublevsky, the co-founder and owner of ChronoPay – one of Russia’s largest e-payment providers – was released on parole this week. Last summer, Vrublevsky was convicted of masterminding a DDoS attack on Aeroflot’s website in 2010 and sentenced...
Total System Services de México (TSYS) and Multos International announced a new product launch this week that uses the MULTOS chip card technology solutions in TSYS’ latest EMV services offering to support banks and financial institutions. Get the Full Story Complete the form to unlock...
TSN conducted a multi-age research on knowledge and use of e-money online in Russia. Almost every respondent has knowledge about multiple payment options including e-money. The most used non-cash payment method is offline payment at kiosks, followed by payment cards and e-money. Get the Full...
The European Commission published the bi-annual 2014 Convergence Report which details Lithuania has fulfilled all the requirements to join the Eurozone and decided to propose the EU Council of Ministers meeting in late June of adoption in the country as of 1 January 2015. Get...
Tanzania telcos Tigo (a subsidiary of Millicom), Airtel and Zantel agreed to launch a partnership, which allows users their money services to transfer money between each other regardless of their operator. The interoperability could reach 16 M e-money users. Get the Full Story Complete the...
Vodacom M-Pesa customers grew 21.6% y-o-y in the quarter ended in March 2014 to reach 6M internationally, while Tanzania now makes 18.8% of revenues (+470 bps vs. 2013). 4.9M or 51.6% of Vodacom users in the country are actively using M-Pesa. Get the Full Story...
Government-owned Emirates National Oil Co. is rolling out a service that will enable its fleet customers to refuel their vehicles wirelessly using RFID technology. The system will replace the company’s existing fleet cards by the end of the year.
For the last several years, Spain has struggled to regain economic strength. However, the European nation could be nearing positive change as it works to make regulatory changes in an effort to join in on the pan-European TARGET2 Securities transformation.
