UK government expands open banking project to credit cards, e-wallets and prepaid cards

UK’s Open Banking project expanded — Open Banking — “The OBIE [Open Banking Implementation Entity] has now been asked by the CMA9 and Her Majesty’s Treasury to create open banking standards for all payment account types covered by the European Union’s second Payments Services Directive (PSD2). This means customers using credit cards, e-wallets and prepaid cards will also be able to take advantage of open banking services.”



Visa gives approval to prepaid cryptocurrency card

Visa approves Monaco cryptocurrency card for Singapore residents — Bloomberg — “Visa Inc has approved a prepaid card backed by the cryptocurrency Monaco as the world’s largest payments network continues its foray into digital currencies… Visa has also approved programs for BitPay and Shift Card that allow consumers to convert cryptocurrencies into legal tender and deposit those funds into a bank account that is linked to a Visa debit or prepaid card.”


India’s central bank implements new rules for mobile wallet issuers

Master Direction on Issuance and Operation of Prepaid Payment Instruments — Reserve Bank of India — “The Master Direction lays down the eligibility criteria and the conditions of operation for payment system operators involved in the issuance of semi-closed and open system PPIs [Prepaid Payment Instruments] in the country. All entities approved/authorised to operate payment systems involving the issuance of PPIs shall comply with these directions.”


Reserve Bank of India to issue guidelines for interoperable mobile wallets

Statement on Developmental and Regulatory Policies — Reserve Bank of India — “In line with the Vision for Payment and Settlement Systems in the country, the revised framework will pave the way for bringing interoperability into usage of PPIs [Prepaid Payment Instruments]. Interoperability amongst KYC-compliant PPIs shall be implemented within six months of the date of issuance of the revised Master Directions, which will be issued within a week, ie by October 11, 2017.”




Bahrain to launch national e-wallet on July 4

Bahrain to launch national e-wallet on July 4 — Trade Arabia — “The national e-wallet is a joint initiative of the Central Bank of Bahrain (CBB) and Benefit and a first-of-its-kind project in the kingdom. It will enable instant payments via smartphones and also facilitate the collection of payments electronically through debit, credit and prepaid cards and online bank accounts, for online and in-store purchases.”




Zain signs MoU with Mastercard to boost digital payment services in Jordan

Zain signs MoU with Mastercard to boost digital payment services in Jordan — Mastercard — “Zain has been approved to issue Mastercard prepaid cards linked to the Zain Cash mobile wallet to provide subscribers with the advantage of obtaining and utilizing the card locally and globally through a network of more than 50 million points of sale… as well as the possibility of shopping online and using it on the ATM network.”






Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland

Samsung Pay has expanded to four additional markets with official launches in Sweden and the United Arab Emirates (UAE) and early access launches in Hong Kong and Switzerland. The service has also been made available on Samsung’s Gear S3 smartwatch in Russia, Sweden and the UAE in addition to its availability on the Gear S3 in the US, Singapore and Australia. More




Starbucks to add gift cards to iMessage as Mobile Order & Pay grows

Users can send each other Starbucks gift cards in Apple's messaging app

Starbucks customers across the US will soon be able to purchase gift cards using Apple Pay and send them to friends and family within Apple’s iMessage platform. The move comes as the coffee giant reveals it now has approximately nine million mobile paying customers with one in three using Mobile Order & Pay, which accounted for 8% of all transactions made across US stores last month. More



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