During the coronavirus crisis, digital payments have been keeping economies running and helping people reduce contact with virus. Contactless digital payments at the point of sale, such as facial recognition, Quick Response (QR) codes or near-field communications (NFC), can make it less likely for the virus to spread to others

No, not all central banks in the world are owned by governments or function as statutory bodies. Lets start with the Bank of England was in fact a private bank owned by slightly more than 1,000 shareholders which included the King and Queen of England and several members of the

What is High-Risk Processing? Every merchant will need to secure an account with an acquiring bank to accept payment cards. However, the cost and conditions of that account can vary based on several factors: The industry or vertical in which the business operates. Whether the business is primarily card-present or

This is a rudimentary overview of the two different entities, and what function each of them serve in the course of a transaction: Acquiring Bank The primary purpose of an acquiring bank (also known as a merchant acquirer, or simply as an acquirer) is to facilitate payment card transactions on

All eCommerce transactions contain two one of a kind banks—one representing the cardholder, recognised as the issuing bank, and one representing the merchant, known as the acquiring bank. What roles and responsibilities to these two entities play over the course of a transaction? There are a variety of unique parties

M for mobile and pesa is Swahili for money and it is a mobile phone based money transfer service, payments and micro-financing service. It is launched in 2007 by Vodafone Group plc and Safaricom. They are the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan and South Africa. Meanwhile services in India, Romania, and Albania have been terminated due

Background On April 27, 2016, the European Commission adopted the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679), which will enter into force in May 2018. The GDPR will replace current national data protection regulations, such as the German Federal Data Protection Act (Bundesdatenschutzgesetz) or the Data Protection Act in

What is dApp? A dApps (decentralized application), is just like any other software application. It’s that runs on a distributed network. It’s not hosted on a centralized server, but instead on a peer-to-peer decentralized network. It could be a website or an app on your phone. What makes a dApps