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Britain raises contactless limit as COVID accelerates electronic payments

Britain is more than doubling to 100 pounds the limit on contactless payments made with debit or credit cards, the finance ministry said on Wednesday, as COVID-19 accelerates a shift to electronic payments from cash. ....

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Tencent boss to call for tighter governance on China's internet economy: state media

The founder and CEO of technology giant Tencent Holdings plans to call for tighter governance of the internet economy at China's parliamentary meeting in Beijing, state broadcaster China National Radio (CNR) said on Wednesday. ....

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Breakingviews - Afterpay zealots buy now and will pay later

Breakingviews
3 Min Read
A logo for the company Afterpay is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates - RC2GPH9KB5BE
MELBOURNE (Reuters Breakingviews) - Afterpay shareholders are destined to learn what its customers already know: a bill for the purchase-induced endorphin rush eventually comes due. The Australian financial technology champion just reported more impressive growth as the buy-now-pay-later model gathers pace around the world. For the many investing enthusiasts, it will help justify a 1,500% run-up in the share price from a trough nearly a year ago, but there are plenty of reasons to question the valuation. ....

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Affirm to launch buy now, pay later debit card

San Francisco-based Affirm Holdings Inc said on Thursday that it is planning to launch its first payment card allowing users to pay for some purchases in installments, as the buy now, pay later (BNPL) sector booms. ....

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Cambodia's new China-style internet gateway decried as repression tool

By Reuters Staff
Slideshow ( 5 images )
PHNOM PENH (Reuters) - Human rights groups decried Cambodia’s establishment this week of a China-style internet gateway that would allow all online traffic to be controlled and monitored, saying it would be a new tool for longtime leader Hun Sen to repress any opposition
“Prime Minister Hun Sen struck a dangerous blow against internet freedom and e-commerce in Cambodia by expanding the government’s control over the country’s internet,” Phil Robertson, deputy Asia director at Human Rights Watch, said on Thursday.
“Cambodia’s National Internet Gateway is the missing tool in the government’s toolbox for online repression,” he said in a statement. ....

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