Regional

post thumbnail

Bracing for Consolidation in Asia–Pacific Banking: The Quest for Scale

In our 2016 review of Asia–Pacific banking, we warned that a storm was brewing because of slowing macroeconomic growth, attackers, and weakening balance sheets. Three years later, these forces continue to exert pressure on the region’s banks, and forward-looking indicators suggest that many banks will struggle as the storm worsens.

Read More

Big Tech Executives Headed to Capitol Hill for Antitrust Hearing Next Week

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos WASHINGTON (Reuters) – Executives from Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Alphabet’s Google (GOOGL.

Read More

Visa and PayPal Join Forces to Allow Consumers and Small Businesses in Canada to Access Money Faster

TORONTO, July 2, 2019 /CNW/ -Visa and PayPal today launched a feature that allows consumers and small businesses in Canada to instantly access funds.

Read More

Five Digital Banking Licenses Are Slated to Be Issued. Should Singapore Banks Worry?

The latest news on digital banking is that the Monetary Authority of Singapore (MAS) has decided to issue up to a maximum of five digital banking licenses, comprising up to two full-bank licenses and three digital wholesale bank licenses.

Read More
post thumbnail

Can Mobile Wallets With Spending Limits and No KYC Boost Digital Payments in India?

Mobile wallets in India are struggling. The numbers from the National Payments Corporation of India (NPCI) suggests that while mobile payment transaction value was Rs 15.9 crores in March this year, the Unified Payments Interface (UPI) transaction value shot up to Rs 1.3 trillion at the same time.

Read More

European Central Bankers Claim Oversight Over Facebook’s Cryptocurrency

FRANKFURT (Reuters) – Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money.

Read More

Deep Dive: Mobile Payments Uptake in the US

Brick-and-mortar retailers must ensure smoother, easier in-store experiences to compete with the conveniences of eCommerce. There are numerous ways to accomplish this task, including speeding up checkouts, deploying vending machines and offering self-serve or scan-and-go stations.

Read More

Amazon’s Growing Prime Focus: America’s Poor

Amazon is dialing up efforts to win over customers that typically frequent rivals such as Walmart: low-income shoppers.

Read More

With Many ATMs Shutting Down in the Country, These 3 Fintech Platforms Are Helping Customers With Cash Withdrawals

Finding an automated teller machine (ATM) in India is getting tougher day by day as the number of ATMs in the country has gone down in the past few years even when the dependence on cash persists and cash amounts to 80 percent of all transactions.

Read More

Canada’s Stack Teams Up With Payment Source

Stack, one ofCanadasfastest growing challenger banks, is partnering with the alternative payments provider,Payment Source, in a bid to target the millennial population to spend and increase the power of their dollar.

Read More
post thumbnail

Move Over, Apple Card. Monzo Is Bringing Its ‘Bank of the Future’ to the US

Digital bank Monzo has taken the UK by storm, thanks to its app-based, customer-centric tools and brand. And now it’s coming to the US.

Read More

Canada Pledges to Eliminate Single-use Plastics: CBC’s Marketplace Consumer Cheat Sheet

Miss something this week? Don’t panic. CBC’sMarketplacerounds up the consumer and health news you need. Want this in your inbox?Get theMarketplacenewsletter every Friday. You may not be able to buyplastic bags, straws or cutlery for much longer. The federal government announced a plan to ban single-use plastics in Canada as early as 2021.

Read More