Perspectives: Terry Xie
Euronet Raises the Bar in the Global Prepaid Market
by: Terry Xie, Mercator Advisory Group
4/25/2013
Prepaid markets worldwide have expanded quickly the past decade, often surpassing credit and debit card growth. Prepaid represents tremendous opportunities, which is a highlight during today’s economic slowdown. But for the most part, the global prepaid market is fragmented with... Read More >
MasterCard Teams With China’s Largest E-commerce Giant
by: Terry Xie
4/1/2013
MasterCard last week signed a memorandum of understanding with Alibaba Group, the largest B2B and C2C e business in China. The objective of the agreement is to enhance the e commerce environment to benefit consumers and small businesses within and... Read More >
Taiwan Opens Door to Mobile Payments
by: Terry Xie
2/26/2013
Taiwan’s financial regulator, the Financial Supervisory Commission, recently announced it had started to accept applications for mobile payments. Five small local banks currently in Taiwan are carrying out mobile payment pilots. One of these banks has already submitted the application... Read More >
Another Square Competitor Announced, This Time in India
by: Terry Xie
1/24/2013
Citibank India is trying to further explore Indian card market opportunities by creating a Square like solution for the local merchants.From Finextra The Reserve Bank of India approved, PCI compliant system will let merchants using an Android based handset, dongle... Read More >
Brazil Attacks High Credit Card Interest Rates
by: Terry Xie
10/15/2012
For years, credit card interest rates in Brazil have been among the world’s highest, surpassing 100 percent a year despite the benchmark rate of 7.5%. Some consumer advocates point to an even higher rate of about 300 percent. The extremely... Read More >
China UnionPay Prepares for Widespread Contactless Payments
by: Terry Xie
9/19/2012
China has yet to experience a large scale rollout of contactless cards or Near Field Communincation based mobile payments, but China UnionPay is quietly and quickly deploying the necessary point of sale terminals to accept these payment forms throughout the... Read More >
Samsung Leads Charge (So Far) With NFC-Enabled Devices
by: Terry Xie
9/10/2012
According to recent news reports like this one from Reuters, Samsung sold some 20 million NFC enabled Galaxy S III smartphones in 100 days since the product debuted May 29. This easily made Samsung the largest supplier of NFC enabled... Read More >
WTO’s Decision on China’s Card Market Leaves Issues Unresolved, But Impact Yet to Arise
by: Terry Xie
8/2/2012
Last month, a panel from the World Trade Organization announced its findings on alleged violations by China’s government in the domestic payments card market. Highlights of the key findings include • China does not have to allow foreign electronic payment... Read More >
Brazilian Laws Help Drive Prepaid Card Use
by: Terry Xie
5/3/2012
Brazilian consumers have a long history using prepaid cards. Two key factors drive prepaid card use in Brazil and other Latin American markets.First, the cost of using banking services in Brazil is expensive. The World Bank estimates the average cost... Read More >
The Evolving Brazilian Acquiring Market
by: Terry Xie
4/24/2012
The Brazilian merchant acquiring market is undergoing one of the biggest fundamental changes in industry structure. In the past, the market was a duo play one with VisaNet and Redecard being the exclusive card acquirer for Visa and MasterCard cards,... Read More >
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