The developers of Facebook’s digital currency Libra project made an interesting claim by publishing an article. Accordingly, Facebook’s payment system will be 7 times faster than Visa-based payment systems. If the claim in the project, which is still under development, is realized, this may give Libra a big increase in the future.
Read MoreAs the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.
Read MoreMastercard’s Mohamed Abdelsadek on contactless payments, technology and future threats Market trends related to COVID-19 have shifted the dynamics of retail payment security, both online and in-store.
Read MoreEXPANSION The report forecasts mobile payments will drive non-cash transaction growth The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020.
Read MoreBloomberg 1 hr ago Sophie Alexander and Annie Massa (Bloomberg) — It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she […]
Read MoreAccording to the latest report on global fintech app usage, the average sessions in investment apps surged 88%, while payment and banking app sessions increased by 49% and 26%, respectively, during the COVID-19 pandemic.
Read MoreInvestment bank Cowen forecasts that Apple’s payment services, like Apple Pay, are well-positioned to take advantage of the growing fintech and retail markets.
Read MoreAmerica’s tech giants Google, Amazon, Facebook, and Apple continue apace their march into payments. With Google Pay, Amazon Pay, Facebook Pay, and Apple Pay, they’ve put their brands foremost and use payments to boost on-platform engagement and commerce, reinforcing their centrality in consumers’ lives.
Read MoreDigital banking transformation involves the integration of data, advanced analytics and digital technology into all areas of a financial institution, changing the way work is done, priorities set and services delivered.
Read MoreGoogle said on Monday that it will enforce rules that require app developers distributing Android software on the Google Play Store to use its in-app payment system. The move means developers have until Sept. 30, 2021 to use Google’s billing system, which takes a 30% fee from payments, instead of independent payment systems.
Read MoreAs the banking industry continues to deal with the disruptions resulting from COVID-19, most financial services executives say that innovation is now a prerequisite for them to respond quickly to market challenges and opportunities.
Read More(Bloomberg) — The European Union is weighing legislation that could force Apple Inc. to open iPhone payment technology to competitors.
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