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Daily Briefing

Welcome to the Lafferty Daily Briefing

Lafferty Daily Briefing provides a concise round up and analysis of critical developments in the world of consumer and SME banking, cards and payments and digital finance.


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MasterCard catching up with Visa in Kenya

Kenya's second-largest retail bank, Equity Bank, has launched a new MasterCard prepaid card that will be accepted globally and is available to Equity...

Mobile commerce set to take leading role in e-commerce

Mobile commerce spending will soon pass out e-commerce spending, according to a study from PayPal and market researcher, Ipsos. "We are on the cusp...

Philadelphia Fed finds that dividend payouts contributed to community bank weakness during the financial crisis

Community banking organisations (CBOs) in the US contributed to their own decline ahead of and during the financial crisis by distributing capital to insiders,...

European marketplace lending grew 144 percent in 2014, says new survey

Community banking organisations (CBOs) in the US contributed to their own decline ahead of and during the financial crisis by distributing capital to insiders,...

Citibank looks for new retail banking leadership

Citibank will appoint a new leader to run its global consumer banking business later this year as it continues to shed businesses from its 'bad bank'. Citi,...

UK Post Office opens up to non-bank fintech providers

Advanced Payments Solutions (APS) this week became the first fintech non-bank business to offer banking services at the UK Post Office. CEO Rich Wagner...

Postal Savings Bank of China looks to a retail banking future

The Postal Savings Bank of China is in talks with potential investors to sell minority stakes ahead of a possible IPO in 2016, according to reports in...

Samsung acquires LoopPay, while Apple Pay eyes loyalty schemes

Samsung has acquired the mobile wallet solutions provider LoopPay in a further indication that it is gearing up to launch its alternative to Apple Pay. LoopPay...

Mobile money drives financial inclusion in Zimbabwe, says survey

Mobile money is the force behind improved financial inclusion in Zimbabwe, according to a FinScope survey showing that financial inclusion rose to 77 percent...

Free card reader aimed at 20 million European businesses that don't accept cards

Swedish payment service iZettle will offer free card readers to merchants in order to encourage take-up of the service in the European market. iZettle,...

British fintech businesses making waves in money transfer business

London-based money transfer businesses TransferWise and WorldRemit both announced major progress this week in challenging the established players in the...

Billion dollar cyber-insurance policies needed to combat growing cybersecurity threat

London-based money transfer businesses TransferWise and WorldRemit both announced major progress this week in challenging the established players in the...

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