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 ...
Tag: Payments
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 ...
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 ...
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 ...
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 ...
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 ...
Banking bottleneck causing six-month delays for Russia-China payments: sources
AS THE threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one ...
BIS and seven central banks to test tokenisation of cross-border payments
THE Bank for International Settlements (BIS) and seven central banks including the Federal Reserve Bank of New York will test ...
OCBC aims to quadruple number of cross-border QR payments in 2024
OCBC announced on Tuesday (Mar 26) that it expects to facilitate 250,000 cross-border QR payments this year, four times the ...
India’s Paytm wins payments approval it needs to stay in business
INDIA’S Paytm won approval to become a consumer digital payments platform, helping the beleaguered fintech continue a bulk of its ...
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