Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 15th of October 2015, some trending stories today are: TOP STORIES Wearable payment technology has another player, watchmaker Swatch has decided to enter the market. Swatch has partnered with China Union Pay and Bank of Communications to allow consumers to pay with a simple flick of the wrist using NFC technology. The watch is called Bellamy, in reference to Edward Bellamy, the author of an 1888 novel that envisioned a utopian world paying with payment cards. Square files for IPO on the New York Stock exchange under the symbol SQ. The S-1 is filed for US$ 275 Million in stock, however, this is just a preliminary figure, the final figure will be calculated by how much they want to raise and will be announced at a later date. UK Government pony’s up GBP 10 Million into distributed ledger technology research. Economic Secretary to the Treasury Harriett Baldwin emphasised the need to invest in skills, research and development of