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RBI restricts full-scale launch of WhatsApp Payments in India

Amidst the Israeli spyware hacking incident, Reserve Bank of India had told the Supreme Court of India that the private messaging platform, WhatsApp cannot carry out its payment business in India because it is non-compliant with data localization. It has also instructed the National Payments Corporation of India (NPCI) to not allow a full-scale launch […]

Paytm collaborates with SHEROES for women only social community feed

Paytm has recently integrated its newly content-based services including News, Live TV, Cricket, Entertainment Videos, Games, etc. Now, it is going to collaborate with SHEROES to launch a new social community feed only for women. This feed will be available in the Paytm app as a part of the Paytm Inbox social feed. Women will […]

Rakuten launches its own exchange for crypto spot trading

A Japanese e-commerce giant has introduced spot trading services for digital assets. The exchange has been launched under the company’s Rakuten Wallet Inc. division with spot trading via a mobile app for three cryptocurrencies: bitcoin, Ethereum and Bitcoin Cash. The firm announced customer funds held by the subsidiary would be managed separately from its own, […]

Apple Card launches for US customers today with 3% cashback

Apple today has launched a Credit Card for the US customers in partnership with Goldman Sachs. A new credit card can be used right away by applying for it through the Wallet app on iPhone. We’re thrilled with the overwhelming interest in Apple Card and its positive reception – Jennifer Bailey, Apple’s vice president of […]

Walmart signs a patent to generate Libra like digital currency

Walmart is looking into opening their own Libra-like digital currency. The patent that they have filed with the U.S Patent and Trademark Office indicates that they are looking to do so. The Patent agency’s official website said that Walmart would be, “generating one digital currency unit by tying the one digital currency unit to regular […]

LG’s new project is a ThinQ Wallet for cryptocurrency

Last year, It was rumored that LG is working on a crypto-project. At the LG Science Park, employees could make payments of cryptocurrency tokens via a special smartphone app, ETNews reported at the time. A new trademark application supports this rumor. LG seems to want to launch its own digital wallet, under the name ThinQ Wallet. LG ThinQ Wallet On July 2, […]

Facebook to mainstream cryptocurrency in 2020 by rolling out ‘Global Coin’

Social media giant Facebook revealed that it is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. Facebook has also confirmed the report that it wants to start testing its cryptocurrency that has been termed as ‘Global Coin’ by the end of this year. Facebook […]

Paytm partners with VISA to launch international debit cards

Soon you will be able to use Paytm’s international debit cards. The Global Payment company Visa has included the Paytm Payments Bank in its network. Under this, Paytm could soon issue a debit card written by Visa. About 300 million people in India use the Paytm. By joining hands with them, the Visa wants to […]

Amazon Pay enabled with P2P payment via UPI on Android

Amazon Pay has been enabled with person to person payments for Android users. This means Amazon customers can now make instant bank-to-bank transfers using UPI platform on the Amazon app. The new feature will enable users of the platform to perform fund transfers via UPI on the Amazon app instantly. So far, Amazon’s digital payments […]

Oppo to test launch Oppo Pay in China

Carrying cash is quite a hectic for shopping and other emergency services. And so, the most popular cashless method of payment is the use of payment cards such as Visa and MasterCard. These cards are vulnerable especially when the point-of-sale machines are compromised. Mobile payments are slowly gaining popularity. While there were only a few […]

Coinbase announces custody trading OTC desk to facilitate cold storage trading

Coinbase, the San Francisco-based digital currency exchange, has announced its plans to integrate its Coinbase Custody service with its newly launched over-the-counter (OTC) desk, now known as Coinbase Pro, in order to enable users to trade directly from cold storage without having to move funds online for business purposes. This move comes as a response […]

NatWest trials a cutting edge biometric fingerprint bank card with 200 customers

NatWest customers are in trials to use their fingerprint to pay for transactions over £30 in a bid to cut back on fraud. NatWest customers can put a relieved sigh as the company now enables to verify card payments using the fingerprint in a trial taking place in the coming weeks. The bank is piloting […]