As one of the world’s biggest internet companies, Baidu is homing in on autonomous vehicles and artificial intelligence (AI). The tech company has a particularly strong presence in its home country of China, where it commands 70 percent of internet searches, CNBC reported. Get the...
With cash use still popular in Europe, and the technology behind digital money remaining fragile, the European Central Bank (ECB) doesn’t intend to create a digital currency. Even so, the spread of cryptocurrencies have brought the idea of central banks issuing digital money to light,...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Finland-based OP Financial Group’s facial recognition payments pilot. In addition, DOCOMO Digital is teaming up with Vodacom in Tanzania for payments through carrier billing, and MC Payments has unveiled a soft...
Might Europe strive more and more for financial independence in the payments services space? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Welcome to The Axis, your look at payments news from around the world. Coverage includes Germany’s Wirecard works with Cognigy on digital payments within chatbot conversations, India’s private sector YES BANK has introduced a cashless payment system for Smart City Udaipur and JD has launched stores in...
Welcome to The Axis, your look at payments news from around the world. Coverage includes Island Pay’s contactless payments rollout in the Bahamas. In other news, UnionPay International is bringing the UnionPay app to Macau and Hong Kong, and U.K.-based PrePay Solutions has rolled out Google...
Denmark is working on new legislation that will increase money laundering fines by about eightfold. According to Bloomberg, the new bill by the Danish Financial Supervisory Authority (FSA) would have money launderers pay fines according to “the gravity and circumference of the offense,” as well as...
Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To that end, the bank recommends that the bloc make a “single agency” for the task as the ideal solution, the Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan, and Volopa has chosen Onfido to help verify applicants’ identities when...
