Global card spend grows 13% in 2019, mostly down to China’s UnionPay
That’s according to a new report by Retail Banking Research (RBR).
Visa
Visa loses risk head Peter Bayley after 17 years
At Visa, Bayley held a number of roles which steered the firm’s fraud and risk management.
UK watchdog green lights $5.3bn Visa-Plaid deal
CMA finds no competition issues with Visa’s mega-deal.
AmEx, Visa, Mastercard and Discover to launch Click to Pay globally
Group claims 10,000 merchants on board in US.
UK regulator probes Visa’s acquisition of Plaid
The UK’s CMA is looking into potential anti-competitive implications.
UK court rules against Mastercard and Visa on interchange fees
CMSPI estimates maximum pay-out for UK merchants to be roughly £15.2bn.
Sberbank partners with Visa and Russian supermarket for ‘Take&Go’ store
The bank says 1,000 users have downloaded the app.
Indian SME fintech Zaggle partners with Visa to launch ‘Founders Card’
Both firms want to speed up access to credit for SMEs.
Visa invests in cloud-based analytics platform GoodData
Visa will co-create data products with the cloud-based firm.
Singapore payments fintech Nium lands investment from Visa
The round is thought to be worth between $75-$100 million.
Safaricom and Visa sign M-Pesa partnership
The two firms will work on developing new products for the African payments platform.
EU payments bodies call for further SCA delay
An open letter sent to the EBA recommends a June 2021 deadline.
Wirecard signs payments processing partnership with Visa
The two firms will work on Visa’s Fintech Fast Track Program in the Middle East.
KyckGlobal signs US push payments partnership with Visa
Firms hope new deal will unlick real-time payments for “countless industries”.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Visa pours $210m into the coronavirus effort to help SMEs
Visa will split the money between NGOs and investment partners.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
Visa partners with Clinc to offer clients conversational AI
The Michigan-based firm serves 35 million end users.
Fiserv completes PIN on Mobile pilot in Poland
The tech vendor worked with Visa, Samsung and PayCore to test new product.
Bankable and Visa extend partnership with US collaboration
Bankable also plans to open New York office.
API provider Currencycloud raises $80m in Series E funding
The round was co-led by Visa and SAP’s venture arm Sapphire.
Nigerian paytech Flutterwave raises $35m, partners with Worldpay
Flutterwave has become Worldpay’s only African payments partner.
Amazon set to turn hands into cards with Visa
The bigtech is reportedly in talks with Mastercard, JP Morgan Chase and Wells Fargo.
Plaid and Honey: How consolidation helps and hinders competition
Consolidation is now becoming synonymous with standardisation – breeding competition.
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
Visa to buy fintech start-up Plaid for $5.3bn
The deal doubles the fintech’s valuation from just over a year ago.
Apple Card fees pinch retailers’ profits this Christmas
Supermarkets are taking a stand against the fees.
Monzo hires Visa exec to lead US push
TS Anil will join the digital bank early next year.
Cornèr Bank launches first biometric credit card in Switzerland
The credit card will be issued to an initial 100 customers.
FTC puts Visa and Mastercard under debit routing microscope
Major card schemes under investigation for blocking other network payments.
Visa partners with Georgian challenger bank Space
The bank hopes Visa will power a geographic expansion.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
Click to Pay e-commerce solution launched by Amex, Mastercard, Visa
Card schemes aim to reduce online payments friction in US.
Meeting the global B2B payments challenge
International businesses increasingly expect global access to finance in real-time.
Mastercard and Visa battle over Revolut deals
Revolut says 75% of its non-European cards will eventually be Visa branded.
Link extends Vocalink infrastructure contract to 2031
Vocalink emerges winner of competitive bid process.
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
