Regional

Industry Leaders Believe the Brexit Deal Will Pave Way for Massive Adoption of Blockchain Technology

While blockchain technology is known to have many life-transforming advantages, the new technology is still lacking in terms of adoption. Industry leaders and blockchain companies are looking for new opportunities to explore and promote mass adoption. Well, there just might be an opportunity as British politics is changing its economy.

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Visa, AmEx, Mastercard Face Antitrust Charges in Brazil

Visa, American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. According to a report in Bloomberg citing the Brazilian Administrative Council for Economic Defense or CADE, the Brazilian regulators are looking to see if the credit card companies ran afoul of payment network rules.

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Championing Digital Payments in Malaysia

Singapore has consistently led in digital transformation both regionally and globally China is leading the pack in the cashless game with the rise of digital wallets DRIVEN by increased smartphone penetration and a rise in digital payments adoption, Asia is widely accepted to be leading in mobile payments globally.

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Is New Zealand Embracing Cryptocurrency?

One of the first ICOs in New Zealand will launch this month. The reason why this project gained so much attention is that New Zealand is known to be one of the strictest countries in the world, in terms of adapting cryptocurrency.

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National Australia Bank to Roll Out Support for Alipay

National Australia Bank (NAB) has become the first of Australia’s big four banks to support the Alibaba Group-backed Alipay mobile payment platform. NAB said today that it has launched a pilot with a small group of its business merchant customers, with the bank intending to roll out support for Alipay across existing point of sale […]

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One in Five Brits Never Carry Cash Because of Phone and Card Payments, Study Finds

One in five Brits now never carries cash, a study has found. Researchers who polled 2,000 UK adults found many are now opting to pay using different methods such as chip and pin and smartphone payments. Half believe cash is ‘on the way out’ and will ‘soon’ be superseded by alternative ways of paying for […]

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This Country Has the Most Buoyant Fintech Ecosystem in the APAC Region

A 2018 fintech study shows that ASEAN is seen as an expansion opportunity for fintech entrepreneurs. The report was conducted by the Australia-based Westpac Banking Corporation and Austrade, which shows that Singapore has the most buoyant fintech ecosystem in the region, followed by Indonesia and Malaysia.

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Switzerland Gets Ready for QR Bill Payments

Switzerland has set out alterations to its upcoming QR-bill, which will replace seven different payment slips when it rolls out in June 2020. The QR-bill will contain a digitally readable QR code holding all the data for a payment, streamlining the processing of bills and credit transfers for companies, government bodies, non-profits and consumers.

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Brexit Plan Could Alienate UK FIs

The United Kingdom and the European Union have come to an agreement that will give London’s financial center basic access to the EU’s markets after Brexit. According to Reuters, the deal will be based on the EU’s existing system of financial market access known as equivalence, which is granted to many countries. However, the U.K.

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France Hopes to Lure Crypto-issuers With Gallic Stamp of Approval

With hundreds of cryptocurrencies being issued every month, countries face a choice: ban them, leave them unregulated, or come up with rules to tame them. France is pursuing the third option, which might be regarded as a Gallic middle ground. It wants cryptocurrencies to be issued in France as long as those backing them agree […]

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Oracle Debacle Threatens NZ’s Credit Unions

The aftermath of a problematic core banking upgrade by New Zealand’s Aotearoa Credit Union, with 15,000 members, threatens to drag down the profitability of most of the country’s mutual sector – potentially affecting 200,000 customers.

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Singapore, China to Collaborate on Fintech, Supervision of Futures Exchanges

Two agreements inked between financial agencies will pave the way for China and Singapore to collaborate on fintech innovations and cross-border supervision of futures exchanges and intermediaries.

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