Using bio-polymers and the same short-range NFC (near-field communication) technology as contactless payment cards, the implant from Polish-British startup Walletmor can be sewn into the hand and used to make payments at all contactless terminals around the world that accept payments with standard cards from organizations such as Mastercard or Visa.
The percentage of Poles who know how to use their phones to pay for something is above the global average, a recent report by Mastercard has shown.
Poland’s new higher ranking comes on the back of receiving a 6.8 percent higher score than last year on Mastercard’s index, pushing the country up 11 places in the rankings.
By the end of October, Mastercard and Polish charitable organisation Caritas Polska plan to have installed the first 11 donation machines in 10 locations nationwide, Caritas Polska's director, Rev. Marcin Izycki, has announced.
US payment giant Mastercard will offer a grant of USD 200,000 for the digitisation of Polish small and medium-sized companies, Mastercard announced on Thursday.
In the coming days the limit for contactless payment without a Personal Identification Number (PIN) will be raised, Poland's Ministry of Finance announced on Twitter on Wednesday.
Polish Payment Standard (PSP), the operator of the Blik mobile payment system, has formed a partnership with MasterCard, following an announcement first made in December 2018, the companies announced in a Tuesday press release.
The companies announced, that they will cooperate on BLIK’s expansion to new markets outside of Poland as well.
MasterCard and The Heart have announced the establishment of "The Heart Ventures", a startup incubator which, along with the largest corporations, will build new technology companies that provide additional banking services.
Efforts are afoot to reduce the pay gap and get more women into senior positions in the business world.