This week’s reads – Booming card use and pushback on EU payment proposals

Articles from BBC News, Bloomberg and PYMNTS.com

  • Card firms criticize online payments proposals – Payment providers including Visa and Mastercard come out against new proposals from the EU that would require consumers to undergo additional security checks when they spend more than €10 online.
  • India’s cash ban ‘great for digital’ – Bloomberg reports on how the recent withdrawal of 500 and 1,000 rupee notes in India is providing a huge boost to digital payment solutions in the country.
  • Acceptance of payment cards boomingA study by RBR finds the number of merchants accepting payment cards in developing economies is on the rise, with this figure increasing by seven million last year.

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Written by Banking.com Staff