Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 29th of October 2015, some stories for today are: TOP STORIES The new bitcoin incubator Digital Currency Group (DCG) has managed to attract many big name investors and this growing list now includes Mastercard. Mastercard, who had previously stated that digital currencies are more a threat than an advantage, seems be adopting a change in its strategy with this latest investment. In Germany, a new law is being proposed which will allow refugees, homeless people and asylum seekers to open bank accounts at any bank within the country. At the moment, Germany’s laws do not allow anyone without a proof of residency or identification to open a bank account and this new law could go a long way towards ensuring the financial inclusion of marginalized communities and decreasing the number of unbanked. PayPal’s 3rd quarter financial result is out, the now separated payments giant reports a strong third quarter, with revenue of US$ 2.26 B