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    Interchange

    News about Interchange.

    India opens way for direct mobile wallet transfers?

    March 16th, 2017

    Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers. “RBI is expected to issue guidelines shortly on interoperability and know your customer (KYC) norms for digital wallet companies,” sources told Economic Times. “RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework.”

    Gemalto predicts fast uptake of Apple Pay in the UK

    June 15th, 2015

    PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”

    LevelUp adds NFC to zero transaction fee merchant marketing platform

    September 7th, 2012

    The Google Ventures-backed service has introduced a new POS terminal that supports NFC as well as mobile barcodes and is available free of charge and with no transaction fees to merchants that participate in its payments and marketing programme. More