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Amazon drops Visa in the UK. Conclusions and forecasts for the future of credit card payments from top industry experts

Expert Opinion | Ecommerce | Published Friday 26 Nov 2021 08:07 CET

The Paypers gathered top voices in the payments industry to tackle the significance of the Amazon/Visa story for the future of ecommerce payments (from BNPL and A2A payments as contenders for future monopolies, to what this all means for regulating transaction fees for merchants in the UK)

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Amazon drops Visa in the UK. Conclusions and forecasts for the future of credit card payments from top industry experts

Expert Opinion | Ecommerce | Published Friday 26 Nov 2021 08:07 CET

The Paypers gathered top voices in the payments industry to tackle the significance of the Amazon/Visa story for the future of ecommerce payments (from BNPL and A2A payments as contenders for future monopolies, to what this all means for regulating transaction fees for merchants in the UK)

read more

Top Stories

Mastercard partners Mybank to augment ecommerce in Somalia

News | Cards | 26 Nov 2021 15:11 CET
Mastercard has teamed up with France-based online banking e-payment company Mybank to grow access to the digital economy and drive financial inclusion in Somalia.
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PayU certified by Mastercard and Visa as token requester and service provider

News | Online Payments | 26 Nov 2021 15:09 CET
Netherlands-headquartered e-wallet platform PayU has announced it was fully certified by Visa and Mastercard as a token provider and requester.
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Nubank enters the ecommerce market in Brazil

News | Ecommerce | 26 Nov 2021 14:47 CET
Brazil-based neobank Nubank has announced that it will add a ‘Shoping’ section to its NU app in Brazil, where consumers can buy products from ecommerce companies.
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Fintonia Group launches MAS-regulated funds in Singapore

News | Cryptocurrencies | 26 Nov 2021 14:39 CET
Fintonia Group, a Singapore-based fund manager regulated by the Monetary Authority of Singapore (MAS), has launched two institutional-grade Bitcoin (BTC) funds.
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IDEMIA obtains Denmark border biometrics contract and launches new security feature

News | Digital Identity, Security & Online Fraud | 26 Nov 2021 14:23 CET
IDEMIA, a France-based augmented identity company has been chosen by Danish Rigspolitiet police service to supply biometric equipment in compliance with ETIAS regulations.
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India to ban cryptocurrencies

News | Cryptocurrencies | 26 Nov 2021 14:20 CET
India has announced it will go ahead with its plan to ban most cryptocurrencies in the country under a long-awaited bill.
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BMO launches Elite Mastercard credit cards in Canada

News | Cards | 26 Nov 2021 14:04 CET
Bank of Montreal (BMO) has expanded its line of Mastercard credit cards available to business owners by introducing BMO World Elite Business Mastercard and BMO Air Miles World Elite Business Mastercard.
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Ventrata selects Viva Wallet as payment provider

News | Mobile Payments | 26 Nov 2021 14:02 CET
UK-based ticketing company Ventrata has partnered with Greece-based online payments facilitator Viva Wallet to use its card terminals for payment services.
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AlikeAudience supports Unified ID 2.0

News | Digital Identity, Security & Online Fraud | 26 Nov 2021 13:21 CET
US-based marketing company AlikeAudience has integrated with Unified ID 2.0 to deliver advertising while protecting consumer privacy without third-party cookies.
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F-Secure, CyberPeace Institute partner to counter cyber attacks

News | Digital Identity, Security & Online Fraud | 26 Nov 2021 13:05 CET
Finland-based cyber security provider F-Secure has partnered with Switzerland-based CyberPeace Institute to cooperate in the forensic analysis of cyber attacks and other areas.
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SCB selects BPC as its solution partner in Vietnam

News | Online & Mobile Banking | 26 Nov 2021 13:02 CET
Saigon Commercial Bank (SCB) has chosen BPC as its solution partner in Vietnam, helping to accelerate digital transformation in Vietnam’s banking sector. 
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YES BANK collaborates with Amazon Pay and AWS to offer UPI

News | Online Payments | 26 Nov 2021 12:56 CET

YES BANK has announced its collaboration with Amazon Pay and Amazon Web Services (AWS), to offer customers an instant real-time payment system via a UPI transaction facility, according to IBSintelligence.
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EBRD and partners explore digitalisation in green trade finance

News | E-invoicing, SCF & E-procurement | 26 Nov 2021 12:46 CET
The European Bank for Reconstruction and Development (EBRD) and partners have announced that they are exploring digitalisation in green trade finance.
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Monzo launches virtual cards for contactless payments to BNPL products

News | Online Payments | 26 Nov 2021 12:25 CET
UK-based online bank Monzo has announced it now offers virtual cards for customers who want to make contactless payments using the Mondo Flex BNPL service.
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China's regulators ask Didi to delist from the New York Stock Exchange

News | Payments General | 26 Nov 2021 11:33 CET
The Cyberspace Administration has asked China-based mobility technology company DiDi to devise a plan to delist from US bourses amid data leakage concerns.
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Deutsche Bank to roll out SWIFT's BAV service

News | Payments General | 26 Nov 2021 11:17 CET
Deutsche Bank has launched its SWIFT Beneficiary Account Validation (BAV) service, enabling clients to verify payee account details before an international payment instruction is sent. 
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Allica Bank secures EUR 130.2 mln in Series B funding

News | Payments General | 26 Nov 2021 10:40 CET
Allica Bank, a fintech SME challenger bank, has raised EUR 130.2 million in its Series B round of funding.
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Till Payments secures acquiring licence in New Zealand

News | Payments General | 26 Nov 2021 10:35 CET
Till Payments has secured its acquiring licence in New Zealand, making it just one of five non-bank merchant acquirers in the country.
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UnionPay collaborates with Razer Merchant Services

News | Payments General | 26 Nov 2021 10:30 CET
UnionPay and Razer Merchant Services (RMS) have partnered to enable UnionPay Quick Response (QR) Codes at all RMS physical merchant touchpoints and online merchants in Malaysia. 
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