Vietnamese health sector promotes cashless trend
The Vietnamese Ministry of Health has made plans to promote cashless payments in the health sector. The e-payments would be used primarily for health check-ups and treatment services in medical facilities all over the nation. During an online conference on Friday in Ha Noi, health minister Nguyen Thi Kim Tien said the introduction of cashless […]
Credit card payments surpass cash in Britain
For the first time, UK retailers recorded credit card transactions surpassing payments made in cash. Notes and coins have been downgraded to the third most popular method of payment in the UK. The data, published from the British Retail Consortium (BRC), arrives amid warnings that millions of citizens would struggle to maintain a lifestyle in […]
Australian PM considers cashless cards as part of welfare reform
Australia’s prime minister is considering plans to launch a cashless debit card for welfare recipients. During an interview with Nine newspapers published on Sunday, Prime Minister Scott Morrison stated welfare reform would be treated with importance and urgency by his government, adding that he was eyeing plans to launch a cashless welfare card – in […]
Cashless transactions rapidly expanding in the Philippines, study shows
According to the recent results of a Visa study, cashless transactions in Southeast Asia are progressing rapidly, as more citizens in the Philippines reap the benefits of cards and digital apps in place of cash. Both awareness and usage of contactless payments in the Philippines have spiked, compared to two years ago. Awareness of contactless […]
Digital transactions surge in India: KPMG report
Digital payments in India are flourishing at an astounding rate, boasting an annual growth rate of 12.7% in the amount of digital transactions, The Economic Times reports. According to a report by global advisory company KPMG published on Thursday, the introduction of mobile payments in the country has resulted in a cast number of retailers […]
Increase in credit card use for small payments
Research indicated that credit cards are becoming the preferred method of payment. It also showed an increase in credit card use from last year. CreditCards.com carried out a survey through which it found out that in the U.S., 16% choose to pay with their credit card for a purchase of less than $10. Credit card […]
deVere Vault: Safety first
Credit cards have provided the facility to make in-store transactions without the need to pay with physical money. They have eased the process of paying and boosted e-commerce allowing businesses to go online. However, users must be careful to keep them safe as credit cards could be targeted for fraudulent activities, so it is essential […]
How credit cards are beneficial when on holiday
No matter how enjoyable and relaxing holidays can be, preparing for one may be hectic and time consuming. Booking tours and accommodations in advance, planning which landmarks you’d like to see and exchanging money into the right currency can become tedious. Additionally, you need to decide how much money you should take to serve you […]
What’s KYC and why do I need it?
KYC is a common abbreviation that we hear when talking about banks and businesses, but how familiar are we with what it is and why it is used for? Short for ‘Know Your Customer’, is a process for firms to make sure that its clients are genuine. Banks do not simply follow KYC practices to […]
Ghana to launch universal QR code payment platform
Ghana will roll out a new method of payment using universal QR codes later this year, announced Vice President Bawumia. During the closing ceremony of the 2019 Diaspora Celebration and Homecoming summit in Accra on Saturday July 6, the vice president announced the news of the next step towards the government’s digitisation developments. The Ghana […]