APAC

Japan Ditched Floppy Disks, but Can Businesses Ditch Paper Checks?
Japan Ditched Floppy Disks, but Can Businesses Ditch Paper Checks?
July 08, 2024  |  B2B Payments

Technological innovation moves fast, but sometimes businesses can move slowly. Or even not at all. Take for example the news from Reuters that the Japanese...

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Microsoft Mandates iPhones-Only Rule for Workers in China
Microsoft Mandates iPhones-Only Rule for Workers in China
July 08, 2024  |  International

Microsoft is requiring staff in China to use iPhones for work starting in September. The measure essentially bans Android-powered devices for these workers and is...

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UN: China Leads World’s GenAI Patent Race
UN: China Leads World’s GenAI Patent Race
July 03, 2024  |  Artificial Intelligence

New United Nations data showed China with a comfortable lead in the race to develop artificial intelligence products. Between 2014 and last year, more than...

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BIS Plans to Expand World’s Instant Payment Systems
BIS Plans to Expand World’s Instant Payment Systems
July 01, 2024  |  Real-Time Payments

The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...

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Streaming Services Face Proposed New Tax in Philippines
Streaming Services Face Proposed New Tax in Philippines
June 28, 2024  |  Streaming

Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate...

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Flipkart Launches UPI Payment App Offering Cashback Rewards
Flipkart Launches UPI Payment App Offering Cashback Rewards
June 26, 2024  |  Loyalty & Rewards

Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is...

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Report: Pine Labs Considering IPO in India, Seeking $6 Billion Valuation
Report: Pine Labs Considering IPO in India, Seeking $6 Billion Valuation
June 21, 2024  |  IPO

Asian digital payments provider Pine Labs is reportedly considering a $1 billion initial public offering (IPO) in India, seeking a valuation of $6 billion. The company...

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Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a...

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Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024  |  eCommerce

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and...

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