Tag: emerging market mobile payments

Mobile payments taking off in Myanmar

Jesse Collins
NFC Mobile Payments Mastercard QR Code PayPass MasterPass

Visa and MasterCard have both announced that they are seeing meaningful growth in the country. Both Visa and MasterCard have announced that the penetration of smartphones in Myanmar will considerably decrease the use of cash in the country, particularly when wireless networks roll out the use of mobile payments in this poorest country in Southeast Asia. These two largest electronic transaction companies have emphasized the massive potential in Myanmar. The credit card companies have pointed out that the government of the country is also looking to grant two more telecommunications…

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Visa says mobile payments won’t lead to EM cards’ demise

Julie Campbell
Mobile payments credit cards

An executive from Visa has reported that EM cards aren’t doomed due to the rise of mobile payments. The head of Visa Inc.’s non-U.S. operations has released a statement while in Singapore, saying that there is still a future in plastic credit cards, despite the growth and aggressive promotion of mobile payments and their various platforms. Even though there has been a tremendous rise in the number of systems catering to smartphones – particularly in emerging markets such as India and Indonesia – the fact that these same nations are…

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