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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. million POS machines in the market.

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TCC Group Bids For Tesco’s Asia Stores

PYMNTS

The grocer has been decreasing its international presence to home in on its local market, where it is engaged in a price war with eCommerce rivals and discount supermarkets. Tesco Lotus now has approximately 2,000 store locations in operation in the nation.

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Sales Of Existing US Residences Hit Record High In 2020

PYMNTS

The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according to a press release. Seven in 10 residences sold in December 2020 were on the market for under one month. “To

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How Facebook Unfriends Ad Fraudsters

PYMNTS

Digital fraud is particularly threatening in Southeast Asia, despite the fact that the Association of Southeast Asian Nations’ (ASEAN) eCommerce market is projected to exceed $200 billion in value by 2025. This is the first year-over-year (YoY) decline in card fraud since AusPayNet first reported this statistic in 2006.

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Red Envelopes, Fortnite And The Rise Of Micro Money Laundering

PYMNTS

The country’s holiday tradition of people giving red envelopes stuffed with cash has — as befits a nation where consumers have embraced mobile payments and commerce more than just about anywhere else — turned digital. A demonstration of that truth came around again recently with the observance of the Chinese New Year in early February.

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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos

PYMNTS

The public market for cannabis is off by over 40 percent, even with the space’s blazing forecast and enthusiastic quarterly reports. Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ , “The capital markets have dried up.” Cannabis Firms See Share Prices Nosedive.

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What Cambodia’s Debt Crisis Means For Microlending

PYMNTS

Loans are very much at a higher rate than you would normally expect,” said Daniel Rozas, co-founder of consultancy group Microfinance Index of Market Outreach and Saturation ( Mimosa ) told Bloomberg. Many have argued that microlending in practice has not lived up to its initial hype — that it would help people lift people out of poverty.

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