Tag: card payments


JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

October 21, 2020


JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a […]

Capital and Risk, Operational

Global card spend grows 13% in 2019, mostly down to China’s UnionPay

October 9, 2020

Via: Banking Technology

The report cited three main drivers for the strong growth: financial inclusion initiatives in developing countries, rise of contactless in more mature markets, and the hygiene concerns around cash during COVID-19. UnionPay – the world’s largest card payment organisation based […]


Credit card payments surpass cash worldwide for the first time ever

September 27, 2016

Via: Market Watch

Is this the beginning of the end for cash? As consumers have increasingly used credit and debit cards and made purchases online and on apps, they’ve used less and less cash; in 2016, consumers will spend a greater amount on […]