- While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm says.
- USAePay announced the Castles Technology Co. Ltd. MP200L mobile point-of-sale terminal is now available for use with the USAePay gateway.
- Payments provider Net Element Inc. reported an 11% increase in revenue in 2017, to $60.1 million from $54.3 million in 2016. Volume processed rose 14%, to $2.8 billion, of which the North American market accounted for $2.3 billion, up 18%.
- Visa Inc. announced that Gary A. Hoffman has resigned from its board of directors. Hoffman had been a member of the board of Visa Europe for 17 years and, following Visa Europe’s merger with Visa Inc., a member of the Visa Inc. board since June 2016.
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