New York's subway system will accept payments by NFC-enabled devices or contactless cards by 2018 as part of a proposal to redevelop 30 stations put forward by governor Andrew Cuomo.
"The governor's proposal accelerates the process of bringing mobile payment methods to subways and buses, allowing riders to pay their fares by waving a cellphone, a bank card or another payment device over contactless readers," the Metropolitan Transportation Authority said.
In India, public sector lender Corporation Bank has said that it will acquire a 1.06 per cent stake in the National Payments Corporation of India (NPCI), the government body that runs RuPay, the domestic cards scheme. The deal values the payments system at $70 million.
Italian banks Banco Popolare and Banca Popolare di Milano are reported to be in advanced talks about a merger, as the country's banking sector continues to struggle with non-performing loans.
Also in the news...
Subscribe to the Lafferty Daily BriefingSIGN UP
© 1981-2018 Lafferty Group
Toll-free: +44(0) 800 772 3849
T: +44 (0) 203 633 1630
1-6 Yarmouth Place