30 Jun 2017 | Posted In Money advice news

MALG member the UK Cards Association has published a new guide for digital wallet providers

Digital wallets, where a traditional debit or credit card account is loaded onto an electronic device, have grown in use in the UK in recent years. The new guide provides a practical manual for potential new entrants, setting out the conventions and behaviours of the card payment system in the UK. It has been developed with the input of a range of different organisations including card issuers and acquirers, existing digital wallet providers, mobile network operators and the international card schemes.

Read more here.