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05 May 2021 17:56 GMT IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, and Chutian Dragon Co. Ltd. (CTD) today announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio fingerprint authentication technologies. IDE...

The Digital Yuan, also know as Digital Renminbi or e-CNY, the development will be “jointly promote” by the partners and will be based on Alibaba’s affiliate. The Global Times revealed that banking institutions have worked with Ant and the multinational Chinese conglomerate Tencent for over 3 years. Together they have co-develop the Digital Yuan. Ant and Tencent have gone through a lot of scrutinies by China’s government. However, this has not prevented them to work on the project. VOA c...

One of the major e-commerce companies in China JD.com has started paying employees in digital yuan. The online retailer made this known in a post while also announcing that it would be taking part in the one-year Digital Currency/Electronic Payment (DC/EP) trial show at the fourth digital China summit happening in Fuzhou. The show is slated to hold from April 25 to 26. JD’s Active Role In Digital Yuan Trials Since September 2020, JD has provided technology and service support for DC/EP trial ...

MacroBusiness Access Subscriber Only Content Via the excellent gents at Nordea: Could Bitcoin undermine the dollar and the United States? Perhaps. We do see reasons to mull the long-term value of the dollar – not primarily because of cryptocurrencies, but due the country’s economic-political choices and China’s continued rise… Investor and entrepreneur Peter Thiel recently wondered if not “Bitcoin should … be thought [of] in part as a Chinese financial weapon against the US”. T...

Share this article Share this article IRVINE, Calif., April 15, 2021 /PRNewswire/ -- Sunwest Bank, a privately held, entrepreneurial business bank serving the Western United States, is excited to announce its strategic partnership with Serve First Solutions, Inc., an award-winning electronic payments consulting firm, as primary solution provider for the banks merchant and payment processing services. "Serve First has serviced Sunwest Banks clients over the last 10 years and have continuously...

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Well soon meet in your inbox. Please wait... The bank consortium is led by Axis Bank and ICICI Bank, with 20% each and co-promoting an entity called MoPay. This consortium also has BillDesk, Pine Labs, Amazon and Visa with 15% stake each, sources directly aware of the talks told ET. A consortium led by Reliance Industries and Infibeam Avenue has also submitted its proposal Wednesday. Facebook and Google are set to have minority stakes in this entity, as reported by ET in February. Tata Group h...

Message : Required fields Oslo, Norway – 17 March 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, have been selected, to be the strategic technology partner, by Goldpac Group Ltd (Goldpac), on their Digital Currency/Electronic Payment (DC/EP) hardware-based digital wallet (hardware wallet) initiative. IDEX has also received a new order for fingerprint sensors to support this initiative. DC/EP is the name given to the Centra...

On Tuesday, Dilip Asbe, NPCI's chief, said that the organisation is feeling the pressure as a rival organisation is in the offing.

Chinas central bank, the Peoples Bank of China (PBC), has conducted trials for Digital Currency/Electronic Payment (DC/EP) across selected Chinese cities since last year. Some foreign media outlets recently associated the process with geopolitics, assuming that the PBC plans to establish a new global financial configuration by issuing DC/EP. Some even jumped to the conclusion that the Chinese government deems the issue and control of a sovereign digital currency as a