Page 3 - Digital Wallets News Today

RBIs regulatory intervention on customer identification by payments banks is seen as harsh for startups. Digital wallet providers argue that their business model does not support enhanced KYC compliance due to high costs and infrastructure challenges. Regulatory sympathy and roadmaps have been released to improve compliance.

FNB has switched off its contactless tap-to-pay facility for Android-supported mobile devices after seven years, and referred clients to other in-demand mobile payment apps such as Google Wallet.

Digital payments in Cambodia grew significantly in 2023 in terms of digital wallet accounts and transactions, according to the latest figures from the National Bank of Cambodia (NBC).

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

The Bank of England is to forge ahead with developing a digital pound, despite conceding that apps used to access the new currency could track users’ location and spending habits.

Payment gateways are online payment processing systems that enable secure transactions between merchants and customers.

The excitement over spot crypto ETFs has cooled notably -- and noticeably.

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Payment Orchestration...

A digital wallet is a type of online account that allows consumers to store, manage and use their credit, debit, and other financial information.

The proposal, which has yet to be finalised, would subject such companies to the same kind of supervision currently imposed on banks, with agency examiners inspecting compliance with laws on unfair or deceptive practices and privacy protections, as well as scrutinising executives conduct.