“Winning over conservative Muslims like Iswara in the world’s most populous Muslim-majority country is both a challenge and multi-billion dollar opportunity for fintech firms that are riding its mobile internet boom and aim to sell financial services. Of Indonesia’s 270 million population, half lacks bank accounts but most now have mobile phones. Questions about compliance with Islamic law are a significant hurdle for the adoption of digital payments and other fintech services, industry executives say.”

“Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems. The major networks have set next October for pumps to be able to read chip cards and not just magnetic-stripe cards, otherwise the station will be financially liable for any resulting transaction fraud. The Merchant Advisory Group, an association of retailers and other merchants concerned with payment issues, recently requested Visa and Mastercard postpone the shifts for another two years. The original liability shift had been set for October 2017 , but the networks delayed it for three years citing pleas from fuel retailers about the costs and difficulties of upgrading pumps.”

“Credit and debit card surcharging was banned in January 2018, but retailers, letting agents and even a university have been found breaking the rules, a BBC investigation has found. The introduction of the anti-surcharging legislation means that customers cannot be charged more for paying by card. Matt Dickinson, from the Federation of Small Businesses, said for many it could simply be an “honest mistake”.”