Payments
Australia will launch ‘holistic’ payments review under new remit
AUSTRALIA’S central bank is working with the government to modernise the country’s regulatory framework for retail payments, following which it will launch a “holistic review” of the sector, a...
India’s Adani Group plans e-commerce, payments ventures
India’s Adani Group has been considering an application for a licence to operate on the country’s public digital payments network and is in talks with banks to finalise plans...
Hong Kong officially launches pilot for digital yuan payments
HONG Kong launched a pilot programme enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
Apple says no major app developers accept new outside payments
No major app developers have signed up to use outside payment options that Apple introduced earlier this year for its App Store because the fees they pay would be...
Google’s payments to Apple reached US$20 billion in 2022, antitrust court documents show
ALPHABET paid Apple US$20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s...
China firms go ‘underground’ on Russia payments as banks pull back
AN APPLIANCE maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China’s big banks...
Telegram messaging service to allow Tether stablecoin payments
TETHER, the issuer of the world’s most used stablecoin, has teamed up with TON Foundation to allow customers to send crypto payments using the popular Telegram encrypted instant messaging...
Bank of America profit falls on lower customer interest payments
BANK of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards.BofA is among the large lenders, including...
