Digital Payments Network
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BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report
The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
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PhonePe Launches E-Commerce App Pincode On Open Network
Walmart Inc-backed digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business.
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Will Help Small Retail Survive E-Commerce Onslaught: Piyush Goyal On ONDC
The Open Network for Digital Commerce (ONDC), a unified payments interface-type protocol, will help small retailers survive the onslaught of large tech-based e-commerce companies, Commerce and Industry Minister Piyush Goyal said today.
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Bill Gates Praises India's Digital Payment System; Says This Will Be Cheapest 5G Market
India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. India can be "such an example" for other countries, he said.
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Apple Removes Russian Social Networking App VKontakte from App Store to Comply With Sanctions on Russia
Apple confirmed on Wednesday that it had delisted VKontakte, Russia's most widely used social networking app from the company's App Store. The app was removed in compliance with UK Sanctions on Russia after the latter held referendums in Moscow-controlled areas of Ukraine. The VK apps that were removed are used for messaging, digital payments, groc...
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PayPal Joins TRUST Network to Stay Compliant With FinCEN 'Travel Rule'
Digital payments giant Paypal has been added to the Travel Rule Universal Solution Technology (TRUST) network, joining a host of big names in crypto that have moved to comply with digital asset travel rules.
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Bitcoin Has No Future As Payments Network, says FTX's Billionaire Chief: Report
Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
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Arab Monetary Fund Pitches Decentralised Network RippleNet as CBDC Alternative
Arab Monetary Fund (AMF) has extended the use of RippleNet decentralised payments blockchain against the introduction of a CBDC. In a report, AMF claimed that CBDCs could endanger the existence and utility of fiat currencies. RippleNet’s native XRP cryptocurrency has been called unique as compared to other altcoins, that were created as ‘store-...
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Regal Cinemas Ropes in Flexa to Accept Cryptocurrencies as Payment for Movie Tickets, Popcorn
US-based movie theatre chain Regal Cinemas has partnered with payments network Flexa to bring instant and risk-free cryptocurrency payments for moviegoers around the world.
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SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
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Visa Moves to Allow Payment Settlements Using Cryptocurrency
Visa said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
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Visa To Allow Payments Using Cryptocurrency, Says "Seeing Demand"
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
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Reliance Partners With Google, Facebook for Digital Payment Network Bid: Report
Reliance has partnered with Facebook, Google, and fintech player Infibeam to set up a national digital payment network, as per a report citing unnamed sources.
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Reliance Partners With Google, Facebook For Digital Payment Network Bid: Report
Digital payments in India could rise to $135.2 billion in 2023, according to an Assocham-PWC India study in 2019.
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Facebook Financial Formed to Help In-Platform Payment Services
Facebook said it has created a new unit, Facebook Financial, devoted to financial services to harmonise payment systems on its platform. The new group will be headed by former PayPal President David Marcus.
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BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report
The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
-
PhonePe Launches E-Commerce App Pincode On Open Network
Walmart Inc-backed digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business.
-
Will Help Small Retail Survive E-Commerce Onslaught: Piyush Goyal On ONDC
The Open Network for Digital Commerce (ONDC), a unified payments interface-type protocol, will help small retailers survive the onslaught of large tech-based e-commerce companies, Commerce and Industry Minister Piyush Goyal said today.
-
Bill Gates Praises India's Digital Payment System; Says This Will Be Cheapest 5G Market
India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. India can be "such an example" for other countries, he said.
-
Apple Removes Russian Social Networking App VKontakte from App Store to Comply With Sanctions on Russia
Apple confirmed on Wednesday that it had delisted VKontakte, Russia's most widely used social networking app from the company's App Store. The app was removed in compliance with UK Sanctions on Russia after the latter held referendums in Moscow-controlled areas of Ukraine. The VK apps that were removed are used for messaging, digital payments, groc...
-
PayPal Joins TRUST Network to Stay Compliant With FinCEN 'Travel Rule'
Digital payments giant Paypal has been added to the Travel Rule Universal Solution Technology (TRUST) network, joining a host of big names in crypto that have moved to comply with digital asset travel rules.
-
Bitcoin Has No Future As Payments Network, says FTX's Billionaire Chief: Report
Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
-
Arab Monetary Fund Pitches Decentralised Network RippleNet as CBDC Alternative
Arab Monetary Fund (AMF) has extended the use of RippleNet decentralised payments blockchain against the introduction of a CBDC. In a report, AMF claimed that CBDCs could endanger the existence and utility of fiat currencies. RippleNet’s native XRP cryptocurrency has been called unique as compared to other altcoins, that were created as ‘store-...
-
Regal Cinemas Ropes in Flexa to Accept Cryptocurrencies as Payment for Movie Tickets, Popcorn
US-based movie theatre chain Regal Cinemas has partnered with payments network Flexa to bring instant and risk-free cryptocurrency payments for moviegoers around the world.
-
SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
-
Visa Moves to Allow Payment Settlements Using Cryptocurrency
Visa said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
-
Visa To Allow Payments Using Cryptocurrency, Says "Seeing Demand"
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
-
Reliance Partners With Google, Facebook for Digital Payment Network Bid: Report
Reliance has partnered with Facebook, Google, and fintech player Infibeam to set up a national digital payment network, as per a report citing unnamed sources.
-
Reliance Partners With Google, Facebook For Digital Payment Network Bid: Report
Digital payments in India could rise to $135.2 billion in 2023, according to an Assocham-PWC India study in 2019.
-
Facebook Financial Formed to Help In-Platform Payment Services
Facebook said it has created a new unit, Facebook Financial, devoted to financial services to harmonise payment systems on its platform. The new group will be headed by former PayPal President David Marcus.
