Getting Real with Open Banking in Canada

Elina Mattila, Executive Director, Mobey Forum The disruption to conventional banking is being felt as much in Canada as in other parts of the world. Traditional Canadian players are starting to see the erosion of revenue streams such as overdraft charges, insufficient fund charges and interchange fees. They also face likely future competition from technology…

Erste Bank adds NFC to its QR mobile payments app

  Hungarian bank Erste has upgraded its Erste MobilePay application for Android phones to include NFC functionality, enabling customers to use their phones for contactless payment. The service is available with Mastercard and Maestro-branded bank cards and was introduced on 7 May. It is being extended to Visa cards from June. More than 10,000 customers are expected to…