First digital bank launches in Singapore: who’s behind it?
The launch comes 18 months after Asia’s leading telecom group and a superapp provider secured a full virtual banking license from the Monetary Authority of Singapore
News - page 221
Mastercard Touch launches in UAE
Ajman Bank and Mastercard team up on card for the visually impaired in UAE
Competition between Big Tech and banks can boost borrowers’ privacy – BIS
Competition between Big Tech and banks in attracting borrowers can increase their privacy, says BIS research
Klarna’s losses quadruple: investors cherish profitability over growth
BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 driven by higher credit defaults, increased employee costs and a shift in investor sentiment
Chinese CBDC app has got a new automation feature
Chinese consumers can link bank accounts to the CBDC app for contactless payments
Royal Caribbean to equip all its cruise ships with Starlink internet
One of the biggest cruise companies Royal Caribbean goes all-in on the Starlink satellite service
MPs request ‘Big Bang’ deregulation to accelerate fintech growth
The group of British MPs calls for the government to broaden its open banking model to facilitate fintech growth
Consumer adoption of emerging payment technologies is gaining momentum: Mastercard
Over 60% of consumers globally have increased their usage of digital payment methods in the last 12 months: Mastercard survey revealed
South Korean central bank may allow ICOs again
The Bank of Korea shared its views on ICOs, stablecoins and protecting innovation: a possible ban lift is to come
Meta & Jio launch grocery shopping on WhatsApp in India
The launch of grocery shopping on WhatsApp is part of a strategic partnership between Meta and Jio Platforms to accelerate India’s digital transformation and fuel economic growth in the country
Singapore to tighten retail crypto trading rules
Despite numerous warnings and limiting measures, Singaporeans are increasingly trading crypto, MAS ponders tightening retail crypto trading policies with “customer suitability tests”
FedNow real-time payments service launches mid-2023, begins full-scale pilot testing
FedNow real-time payments service will launch between May to July 2023. Financial institutions and service providers interested in being early service adopters can participate in technical testing
A minor fall in assets ‘could render Tether technically insolvent’: WSJ
WSJ experts noted even a 0.3% fall in assets could render Tether technically insolvent, reducing investor confidence and spurring an increase in redemptions
GameFi investors are choosing fun over money: Survey
Although the initial motivation for roughly half of the GameFi space investors was profit, Crypto Winter 2022 made them prioritize the fun factor over profit-making
FIS offers central banks real-time payments and CBDC tech solution
Fintech giant FIS has launched a central infrastructure payment solution through RealNet™ Central A2A payment clearing network base
Digital Identity Verification Spend to Exceed $20 Billion Globally by 2027: Juniper Research
Digital identity verification is checking the identity with digitally verifiable elements, such as selfie scans, address checks and knowledge-based authentication
Breaking News
© 2024 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.