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January 27, 2023
On the web
Nigeria Launches Domestic Card Scheme to Boost Cashless Economy
Aljazeera
EU Lawmakers Back 'Prohibitive' Capital Rules for Cryptoassets
Reuters
On the wires
PhonePe Raises $350 mln, Becomes India's Most Valuable Payments Firm
Reuters
Walmart-backed PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm and giving it funds to expand into the lucrative lending space. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.
January 25, 2023
On the web
Clik2pay Announces Bank Payments for Shopify Stores
Clik2pay
January 23, 2023
On the web
Introductory Statement by Fabio Panetta, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament
European Central Bank
Can a Save-to-Pay-Later Model Forestall the Pitfalls of Buy Now, Pay Later in Nigeria?
Techpoint Africa
January 19, 2023
On the web
India May Give Visa and Mastercard Access to Its Payments Market
CTM File
January 18, 2023
On the web
Nigeria’s e-Payment Transactions Hit 5-Yr High
Businessday NG
Visa and Mastercard’s UPI Ambitions Could Shake Up India’s Payments Market
Insider Intelligence
January 17, 2023
On the web
Philippines Central Bank Pushes Through with Wholesale CBDC Plans to Improve Payments
CoinGeek
January 16, 2023
On the web
China’s Digital Yuan Needs WeChat, Alipay to Boost Adoption, Experts Say
Forkast News
Singapore Debuts Ethics Test for AI
Biometric Update
January 12, 2023
On the web
China Recognizes Digital Yuan in Cash Circulation Data
Coinspeaker
January 11, 2023
On the web
Indians Living in Ten Countries Can Now Make Payments Through UPI
Quartz
National Bank of Fujairah Introduces CVVkey to Tackle Online Card Fraud
Zawya
Philippines to Collaborate with Belgium, China on Digital ID
Biometric Update
On the wires
E-Yuan App Adds Payment Function for When Mobiles Are Offline, Out of Power
Yicai Global
TransLink Customers Can Now Tap With Interac Debit
Businesswire
January 10, 2023
On the web
Nigeria to Establish a Regulatory Framework for Stablecoins and ICOs
Technext
Digital Wallets and Biometrics to Replace Traditional Payments in UK: Mastercard Survey
Biometric Update
Hitachi Payment Services Receives RBI’s In-Principle Approval for Payment Aggregator Licence
Hitachi-Payments
January 9, 2023
On the wires
Canada's Nuvei to Buy U.S. Payments Firm Paya in $1.3 Billion Deal
Reuters
January 5, 2023
On the web
Cashless Denmark Has No Bank Robberies in a Year for First Time
ComputerWeekly.com
“There were no bank robberies in Denmark last year, as a result of better security and the fact that the banks in the largely cashless society don’t hold large amounts of cash on-premise. But the figures from Danish bank association Finans Danmark also revealed that online banking fraud has increased as criminals change their strategies. For comparison, there were 221 bank robberies in 2000, 121 in 2004, and recent years have seen single figures, with just one in 2021.”
January 4, 2023
On the web
European Central Bank Calls For Input to Create Digital Euro Scheme Rulebook
Ledger Insights
December 30, 2022
On the web
Results of Digital Yuan Experiment “Not Ideal”, Says Former PBOC Official
Forexlive
“Xie is said to have expressed disappointment with the result of the digital yuan trial in select provinces and cities, noting that “the cumulative circulation of the digital currency in the two years of trial has been only ¥100 billion”. Adding that the usage has been “low and highly inactive”. Despite China being among the leaders in developing central bank digital currencies, Xie says that the digital yuan business had no synergistic effect and no commercial benefits in banks’ business.”
December 27, 2022
On the web
Mastercard, UNO Digital Bank Offer Numberless Debit Card
BusinessWorld Online
“MASTERCARD, Inc. and UNO Digital Bank have partnered to launch the country’s first numberless debit card to address security concerns on online and offline payments. In a press release on Wednesday, the companies said that the card shows only the cardholder’s name and the logos of Mastercard and UNO Digital Bank. They added that the feature averts the risk of personal or financial data theft in case the card is lost or stolen.”
China Adds More Cities To Its Digital Yuan Pilot
Globe Echo
“More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality. Per the newspaper the Workers’ Daily, the city of Jinan, Shandong Province, will be added to the pilot area. Also joining the pilot will be Nanning and Fangchenggang in the Guangxi Zhuang Autonomous Region, as well as Yunnan Province’s Kunming. The Xishuangbanna Dai Autonomous Prefecture will also be added. The move sees the pilot move into somewhat unfamiliar technology. While the first batch of pilot cities comprised IT and financial powerhouses in the East of the country – the likes of Shanghai and Beijing – Yunnan’s economy is much more traditional. The province’s biggest industries include tobacco producers, agricultural firms, mining companies, and tourism operators.”
Japanese Fintech Leader Smartpay First to Launch the Next Phase of Digital Consumer finance Through Open Banking
TechCrunch
“Japan-based fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts. Smartpay Bank Direct emphasizes user security while delivering convenience for the consumer, through a network of 67 partner banks across Japan[1]. Smartpay is Japan’s first digital consumer finance company to utilize Japan’s open banking system.”
ToneTag’s POD 2.0 All Set To Disrupt The Digital Payments Space In India
CXOToday.com
“ToneTag, India’s largest voice-based commerce and payments solution provider aims to deploy its ground-breaking technology to resolve digital payment issues faced by micro and small businesses across the country. Through strategic partnerships with major global fintech players, the company is taking steps towards achieving this goal and has already reached and deployed this solution in over 100,000 small businesses and stores across India working with partners like Google, Amazon, ICICI Bank, NSDL and few others.”
December 26, 2022
On the web
BP and MAN to Pilot In-Vehicle Contactless Payments for Truck Drivers (UK)
NFCW
“Petrol retailer BP and truck and bus manufacturer MAN are teaming up to pilot in-vehicle contactless payments at fuel stations across the UK. MAN plans to follow the UK pilot of its new MAN SimplePay digital wallet for trucks with a rollout in Germany and then additional countries “later”. For the UK pilot, MAN is initially launching a solution for automated contactless and secure payment processes when refuelling that lets the driver stay with the truck, “thus eliminating visits to the filling station shop and saving time as a result. This also reduces possible contact with other people in times of the coronavirus pandemic.””
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