Regional

Not Only in Beijing…the Chinese Way of Paying Is Rapidly Spreading Around the World

“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms.

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Nissan to Build RFID Payments Into All Cars Sold in Brazil

All Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions – including at McDonald’s drive-thrus across the country.

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1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices.

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Alibaba, Tencent, Five Others to Receive First Chinese Government Cryptocurrency

China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.

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New Ways to Pay in Store: Ideas From Around the World

With the UK high street experiencing its worst footfall in six years, retail brands are working harder than ever to convert shoppers into buyers – and payment is a big part of that. If bricks-and-mortar stores are to compete with online retailers, then payments need to be just as convenient and seamless.

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Taiwan Issues Three Digital Banking Licences

In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.

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China’s ‘Pays’ Could Lead a Crypto Market, but the Government Won’t Let Them

China appears to have a lot of the advantages to pull off a move similar to Facebook Libra, but there are plenty of factors working against it.

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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.

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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.

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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.

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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.

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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.

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