What's New in Payments

RBR reports 10% growth in global payment card market

Continued growth in China cements UnionPay as the world’s largest card scheme — RBR — “There were 16bn payment cards in circulation at the end of 2018, up by 10% since a year earlier… The largest scheme worldwide is UnionPay, which accounted for 45% of cards in circulation at the end of 2018… Visa (including Visa, Visa Electron, V Pay and Interlink) made up 20% of the world’s cards… Mastercard (Mastercard, Maestro and Mastercard Electronic) accounts for 16% of all cards.”







What's New in Payments

Payments networks to drop support for Facebook’s Libra digital currency?

Visa, Mastercard, others reconsider involvement in Facebook’s Libra network — The Wall Street Journal — “Visa Inc, Mastercard Inc and other financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following a backlash from US and European government officials, according to people familiar with the matter.”



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