China Unionpay

• Ian Rogers

Australia Post is scouting for a buyer for its POLi Payments service, five years after acquiring the business. read more

• George Lekakis

Worldpay, the global online payments processor, is eyeing a large slice of the Australasian merchant acquiring market after announcing an expansion of its operations in Australia and New Zealand. read more

• Banking Day staff

American Express has won approval for a clearing and settlement license from the Chinese central bank, allowing it to become the first foreign card scheme to be granted direct access to China's bank c.. read more

• Banking Day staff

China UnionPay has 44 per cent of the world's payment cards market, and once more lifted its market share last year. read more

• George Lekakis

In a double whammy for the big banks that dominate the payments cards space, all card interchange fees will be abolished by the end of next year, while merchant fees may also be capped. read more

• Banking Day staff

There are currently nearly 65 financial institutions offering services via the New Payments Platform, and this is set to grow further in coming weeks, says NPP Australia. read more

• Banking Day staff

FinTech Consortium, which runs fintech hubs in New York and Singapore, has been appointed to operate a planned new fintech hub in Bahrain. read more

• Banking Day staff

The board of Sandstone Technology has confirmed the appointment of Julian Blackley as the firm's CEO following what it said was his "highly successful eight months" in the role of acting CEO.  read more

• Banking Day staff

The People's Bank of China has told China's banks not to renew any co-branded credit cards bearing the logos of foreign card issuers such as Visa and MasterCard. read more

• Banking Day staff

UnionPay says 90 per cent of Australian ATMs now take its cards. read more

• Banking Day staff

Wells Fargo CEO John Stumpf finally quits over the unauthorised accounts scandal. read more

• Banking Day staff

About 270,000 point of sale terminals in Australia now support UnionPay's QuickPass mobile payments system, making Australia the market with the largest number of QuickPass terminals outside mainland.. read more

• Banking Day staff

Reserve Bank of India has declared itself permanently open to applications for banking licences, as it pushes for greater competition in a sector dominated by state-owned banks with burgeoning numbers.. read more

• Banking Day staff

The Bank for International Settlements has appointed Fernando Restoy as chair of its Financial Stability Institute. read more

• Banking Day staff

Chinese payments giant UnionPay has launched a payment service called QuickPass in South Korea, the first overseas market to adopt the technology. read more

• John Kavanagh

Stargroup has made another acquisition in its bid to become a substantial player on the ATM market. The company announced on Friday that it had acquired CashmyATM, which operates a network of 97 ATMs. read more

• John Kavanagh

BPS Technology, the operator of the Bartercard system, has entered into an agreement with payment system provider SmartTrans to sell products in China via Alibaba's e-commerce platform 1688.com. read more

• Banking Day staff

Samsung has launched its mobile wallet service in China in co-operation with UnionPay, the BBC reports. read more

• Banking Day staff

Apple Pay has confirmed that its alliance with China UnionPay will allow the payment company's cardholders to use Apple Pay from this week, the BBC reports. read more

• John Kavanagh

Taxi network operator Cabcharge Australia has started testing a payment service for Secure Parking and, if all goes well, will soon take over processing payments for the car park operator throughout A.. read more