Payments news in brief, featuring Ghana, Nigeria, China, the UK's Payment Systems Regulator, MasterCard selfies and Commonweath Bitcoin.
Telecommunications giants have gained a stranglehold on India’s multi-billion dollar mobile money market, experts believe, after several familiar names appear on the list of 11 payment bank...
U.S. financial institutions have stepped up their campaign to stop new card payment security systems becoming legally mandatory after claiming that enforcing existing technology would be a “costly...
More than 55,000 complaints against credit and pre-paid cards and money transfer businesses have been published on a public U.S. regulatory database.
Crypto-currency experts at PricewaterhouseCoopers (PwC) believe regulatory attitudes towards Bitcoin are softening but the “most important” disruption to modern financial services is blockchain...
A private bank cut off from the US financial system has filed a complaint in a federal court against the enforcement agency responsible, branding its decision a “death sentence”.
Payments industry news from Iraq, the UK, Kenya, the Isle of Man and Russia.
Stop us if you have heard this one before, but another set of financial giants have proclaimed blockchain technology the industry’s biggest disruptor to date, despite regulatory uncertainty and...
A new U.S. taskforce is being assembled to monitor regulatory implications of new advances in banking, from Bitcoin to blockchains and mobile payments.
Payment industry and compliance news from the European Banking Authority, Interpol, Square in the U.S., an Amex antitrust lawsuit, Nigeria and Bangladesh.
Western Union’s remittance services in the Bahamas, the Cayman Islands and Turks and Caicos have been shut down due to “excessive” regulatory pressure and compliance costs hurting its partner bank.
India’s central bank is to reveal the first batch of companies granted a licence to provide new payment services to businesses and the enormous potential in helping those outside the formal...
Deutsche Bank and BNP Paribas are the two latest financial giants to display interest in Bitcoin and blockchain technology, with the latter declaring “total disruption” highly likely.
Mobile banking usage is expected to more than double over the next four years, according to a new report, which warns those without mobile payment strategies will quickly get left behind.
China’s central bank has controversially proposed to cap daily internet payments made through third parties, as industry experts warn the strict move could stifle innovation. 
Hong Kong’s central bank has fined the State Bank of India’s Hong Kong branch HK$7.5m ($1m) for breaking the city’s anti-money laundering and counter-terrorism financing rules. 

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