Payment News
G+D Becomes a Payment Player
G+D has bought the Payments & Banking Services business of Bank-Verlag, which processes 25% of card and internet payment transactions in Germany. This moves G+D from being a technology provider to having a market presence with an end-to-end offering in digital payments and banking, digital wallets, authentication and transaction authorisation.
The Impact of a Tax on Payments
A new IMF paper considers what happens when mobile money transactions are taxed 1.
It found that mobile money offered financial access to populations traditionally excluded from formal finance.
The IMF’s model, along with empirical evidence from Africa, showed that introducing a tax reduced active accounts by 20% and transactions by 10-50% within two years. A tax discouraged people from using efficient digital payment methods and caused a loss of welfare greater than the tax collected.
Subscriber content
Read the full article
Full access to Cash & Payment News articles, newsletters and archives.