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Big Techs’ expansion into financial services can bring competition, efficiency, and inclusion, particularly in emerging market and developing economics. But it also gives rise to issues concerning a level playing field with banks, operational risk, too-big-to-fail issues, as well as challenges for antitrust rules and consumer protection. This column presents a policy triangle
Beijing has already cracked down the digital giants that dominate its online payments.
KUALA LUMPUR, Oct 9 — Payment process by major technology companies (Big Tech) in Malaysia has grown by about 170 per cent since the pandemic began, due to its lower complexity, universal demand and lower trust barriers, said Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus. She said...
By closing the week overnight, China racked up 'kudos' in Western economic coverage for one of its most questioned programs so far, for cornering tech
Senators Richard Blumenthal and Amy Klobuchar, both Democrats, teamed up with Republican Senator Marsha Blackburn to sponsor the bill, which would bar big app stores from requiring app providers to use their payment system