News
Australia’s eAUD pilot has become surprisingly popular
A pilot programme for a digital eAUD currency in Australia has attracted much more interest from industry than expected, says Reserve Bank of Australia. Read more…
payments
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All real-money games in India to be federally regulated
India’s planned regulation of online gaming will apply to all real-money games after the PM’s office overruled a proposal to exempt games of chance. Read more…
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Coinbase approved to offer crypto payments in Singapore
Crypto exchange Coinbase said it has received in-principle approval from Monetary Authority of Singapore to offer crypto payment services in the city-state. Read more…
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India stands firm on deadline to secure credit card data
The Reserve Bank of India is unlikely to extend a Friday deadline for businesses to set up extra security for consumers’ credit card data despite concerns. Read more…
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Visa says network tokens now outnumber physical cards
Visa said it has issued over 4 billion network tokens worldwide via Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. Read more…
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South Korea probes app stores for alleged payment violations
South Korea’s KCC will launch an investigation into app store operators such as Apple, Google and One Store over suspected violations of in-app payment law Read more…
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India in talks with 30 countries to adopt UPI, a few MoUs already signed
India says it has initiated talks with 30 countries to export its UPI, with three countries having already signed MoUs. Read more…
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Zamp gets big-name funding for its plan to help Web3 firms adopt crypto
Former Uber exec Amit Jain is planning a crypto startup called Zamp that has some serious players throwing money at it. Read more…
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RBA urges Australian banks to upgrade online payments tech
The Reserve Bank of Australia’s (RBA) is pressing the country’s commercial banks to meet deadlines on new online payments systems. Read more…
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WhatsApp to lure Indians to its payments service with cashback rewards
WhatsApp plans cashback rewards to lure more Indians to its payments service, and is testing similar incentives for merchant payments. Read more…
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NPCI grants approval for WhatsApp to double its payments user base
WhatsApp wins regulatory approval from India’s NPCI to more than double the number of users of its payments service to 100 million. Read more…
News
Pine Labs invests in Mosambee to plug retail merchants gap
Pine Labs aims to bolster its payments ecosystem via a majority investment in Mosambee, which has a base of 1 million SME merchants. Read more…
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Indian crypto exchanges block UPI deposits, frustrating investors
Two major crypto exchanges disable rupee deposits for purchasing crypto via the UPI network, spurring more demand for regulatory clarity. Read more…
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Russia needs Chinese microchips for Mir cards to ease sanctions pain
Russia is turning to microchip makers in China to circumvent western sanctions which have boosted demand for Mir bank cards. Read more…
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Paytm CEO Sharma denies report that servers share data with China
Paytm CEO Vijay Shekhar Sharma seeks to allay concerns over reports of user data being leaked to Chinese firms. Read more…
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Gojek adds MoMo payment option for Vietnam users
Gojek has announced a partnership with digital financial services platform MoMo to enable Gojek users in Vietnam to pay for their rides. Read more…
News
ENPL is the new BNPL – at least for the hospitality sector
BNPL was one of 2021’s biggest payments trends in Asia. The hospitality industry version is coming: Eat Now Pay Later (ENPL). Read more…
News
MoMo targets Vietnamese SMEs in its super app quest
MoMo has become a leader in Southeast Asia’s fintech space as it aims to become the next big super app in the region. Read more…
Views
Apple finally presses the button in assault on payments market
Apple finally announced it is serious about payments. For a long time, the industry speculated about when and if Apple would get serious. Read more…
News
New NFC feature from Apple will turn iPhones into payment terminals
Apple is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones. Read more…