M-Shwari can lay claim to being the first true mobile banking service - a full-fledged bank account, it offers access to loans and is managed from a cell phone....
MasterCard will start charging a digital wallet fee. PayPal is the main target, but will be joined by other digital wallet operators, such as Square and Google....
While it is not exactly rocket science, only large merchants can be expected to have at least some grasp of how the credit card processing system works....
The use of Bitcoin will remain limited to very high-risk operations, which have limited access or are altogether cut off from the traditional payment system....
The payday loan industry has been thriving in the U.S. and Wells Fargo and other banks are now offering the service, charging up to 300% in interest....