THE market

HANGZHOU, China—With some experts continuing to predict digital wallet usage won’t take off in the U.S. until all of the “pays” begin working together, other countries appear to be ahead of that curve. 

PURCHASE, N.Y.—Mastercard has launched a Virtual Card Receivables Service, a way to digitize the reconciliation of virtual card payments for businesses of all sizes, the company said.

KERRY, Ireland–The financial services company Fexco and 16 of Ireland’s largest credit unions have embarked on a €10 million  collaboration.