Analysis of News relating to the Digital Money Ecosystem

UnionPay expands beyond China - The Business Times

12/11/2017 Link to source

UnionPay expands beyond China These markets have been earmarked due to the local regulators' support for QR code payments, along with the markets' calls for the QR code payments to be adopted as a low-cost mobile payment option. In May this year, it partnered Mastercard and Visa to ... and more »

Context

	China The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy.
	Authorize.Net (CybesSource, Visa) Since 1996, Authorize.Net has been a leading provider of payment gateway services, managing the submission of billions of transactions to the processing networks on behalf of merchant customers.
	China UnionPay (CUP) China Union Pay is the National bankcard association in China
	Datacash Group Plc (MasterCard) Datacash Group Plc was originally founded as a payment gateway procided to cater to the needs of merchants requiring e-commerce services. It became a wholly owned subsidiary of MasterCard in 2010.
	MasterCard WorldWide MasterCard has a range of alternate payment services within contactless payments, remittances and online payments.
	Simplify Commerce (MasterCard) MasterCard has developed Simplify Commerce that allows merchants to accept credit and debit card payments online. At present, Simplify Commerce may be used only by businesses and individuals in USA.
	Cash Passport The Prepaid Travel Card MasterCard allows you to purchase goods and services from millions of locations, as well as access to local currency from more than one million ATMs worldwide.
	Digital Content Digital Content (DC) is the category under which we classify consumer payements related to purchase of digital content and services. This includes purchase of games, music downloads and other typically small value payments from consumers to companies.
	Mobile Payment Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
	Travelex-Mastercard Travelex Cash Passport Mastercard; Standard Chartered First Bank & Bc Card
	Authorize.Net (CybesSource, Visa) Since 1996, Authorize.Net has been a leading provider of payment gateway services, managing the submission of billions of transactions to the processing networks on behalf of merchant customers.
	Simplify Commerce (MasterCard) MasterCard has developed Simplify Commerce that allows merchants to accept credit and debit card payments online. At present, Simplify Commerce may be used only by businesses and individuals in USA.
	Visa Inc. - International 201007: Acquired CyberSource Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered un
	Banknet Banknet is MasterCard’s global telecommunications network. It is the foundation of their payments processing platform and is built as a virtual private network (VPN).
	MasterPass Wallet Brazil MasterCard has launched a digital wallet MasterPass for use via multiple channels. It can be used online, on mobile phones and for in-store purchases.
	MasterPass Wallet MasterPass by MasterCard is the way to pay online with the multi-tiered security of the MasterCard network in partnership with a consumer bank.
	MasterPass Wallet - Europe MasterCard has launched a digital wallet MasterPass for use via multiple channels. It can be used online, on mobile phones and for in-store purchases.
	Simplify Commerce by MasterCard MasterCard Simplify Commerce is offered to merchants as a hosted payments service. With just a few lines of HTML it is claimed they can use Simplify's secure hosted payment form for their payments.
	Visa Mobile Money - Kenya Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Mobile Payment Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
	Payments The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
	Quick Response Code (QR Code) A Quick Response Code, commonly known as a QR Code is a type of matrix barcode or two-dimensional barcode.
	Digital Money in China 2015 An immense change has taken place in mainland China over the last 5 years over which we have carried out in-depth studies of this market. This positioned China as the largest online retail market in the world, and a leader in the use of Digital Money.
	Banknet Banknet is MasterCard’s global telecommunications network. It is the foundation of their payments processing platform and is built as a virtual private network (VPN).
	MasterPass Wallet MasterPass by MasterCard is the way to pay online with the multi-tiered security of the MasterCard network in partnership with a consumer bank.
	Chunghwa Mobile Payment With Visa and Chinatrust Chunghwa Trials Mobile Payment With Visa and Chinatrust
	Visa, Maxis NFC Trials Visa and Maxis conducted the first payWave Trial in Malaysia, where Visa had first introduced Visa contactless cards.
	Simplify Commerce MasterCard Simplify Commerce is offered to merchants as a hosted payments service. With just a few lines of HTML it is claimed they can use Simplify's secure hosted payment form for their payments.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.

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