Mastercard and TenPay Global target China’s vast remittances market

In what is described as a first for the EEMEA region, First Abu Dhabi Bank (FAB) and payment giant Mastercard have officially launched Mastercard’s proprietary mobile-first virtual card number (VCN) solution for businesses.

Late last week, the Finance and Budgetary Control Committee of the National Assembly of Senegal adopted a bill taxing digital financial services, including mobile money transactions and merchant payments.