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Volocopter, Grab Partner On Air Taxi Study In Southeast Asia

PYMNTS

Volocopter CEO Florian Reuter said the partnership with Grab is an important move in the “commercialization of Urban Air Mobility” in regions that are overly congested. . Volocopter was founded in 2011 and is a pioneer in urban air mobility. Joint flight tests will be studied for best-use cases.

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Bank Of America Automates FX Conversion For Smaller FIs

PYMNTS

22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process. In a press release issued Monday (Oct. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

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Compass Plus Technologies hits the double at Global Banking & Finance Awards

Bobsguide

The awards have been running since 2011 and aim to recognise businesses driving innovation, progressive and inspirational changes within the global financial sector. The second accolade was handed to Compass Plus Technologies in the Best Banking Transformation Partner category.

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Chip-Enabled Merchants Reach 2.9M In U.S.

PYMNTS

payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. down by 76 percent. Visa set the path for the U.S. at the time.”. More than 2.9

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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

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PayU Buys Majority Stake In India FinTech PaySense

PYMNTS

Technology has the power to completely transform people’s access to financial services, and the credit market in India is ripe for further digital disruption. He added that PayU is planning to create a full-stack digital lending platform with the goal of establishing a more expansive FinTech network in the region.

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Cashless Payments Eroding Cash’s Dominance

PYMNTS

The firm found that 471 billion cashless payments were made around the world in 2015, up 52 percent since 2011. According to Retail Banking Research, payment cards accounted for 55 percent of cashless payments in 2015, up 50 percent from 2011. They now represent the largest share in all regions excluding Asia-Pacific.

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