The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay. While digital wallets first emerged in the late 1990s, the Covid-19 pandemic provided an adoption tipping …
MasterCard and MTN Group Fintech partnership to launch a prepaid virtual card tailored for MTN’s MoMo. MasterCard and MTN Group continue to deepen their relationship as they jointly unveiled a prepaid virtual card, targeted at the telco’s Mobile Money (MoMo) users The deal will allow MoMo users to transact at over 100 million points globally, while …
The Monetary Authority of Singapore has told the country’s financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing. Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. These computers will break commonly-used asymmetric cryptography, while symmetric cryptography could require …
Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users. On registration, the customer chooses what data they wish to share with the merchant, and sign-up to any membership or bonus programmes on offer. Merchants gain access to personal data with …
Using Zelle, Cash App and Venmo apps? Here’s how to protect yourself. Mobile payment apps like Venmo, Zelle and PayPal are becoming more popular in today’s tech world, but they’re also becoming an target for scammers. Anastasiia Riddle, USA TODAY Consumers often view their money in the bank as being safe, but they’re increasingly losing …
In Will ChatGPT Kill Coders?, we examined many demand suppressors that threatened to kill coders’ jobs. We also alluded to DEMAND STIMULANTS, which work as counterweights by boosting demand for coders. In this post, we will do a deep dive into Demand Stimulants. Comprising new computing paradigms and markets, demand stimulants not only arrest …
Previous year i.e., 2023 has clearly been a standout year in terms of advancements in field of AI domain. Traditionally it’s always been felt that to get the most out of AI one need a strong investment in infrastructure and support. It’s never been as clear as last year due to the virtue of advent …
The audio and speech recognition company still has a bright future. Leo Sun | The Motley Fool AI company shows off futuristic drive-thru tech SoundHound shows off its AI software and what it might look like in a fast food drive-thru. Cody Godwin, USA TODAY SoundHound AI (NASDAQ: SOUN) went public by merging with a …
Quantum computing is changing the game in finance. Financial modeling is becoming more efficient, secure, and intelligent using this revolutionary technology. Here are three things that will make you look at your financial world differently. 1. Super Speed Calculations : Our computer operates on a binary system of ones and zeros. But with quantum computing, it …
The social media platform formerly known as Twitter received approval for payments services from Pennsylvania, building on Musk’s ambitions of transforming X into an “everything app” where users can conduct their “entire financial life” on the app. As reported in Reuters, this development permits X to facilitate money transfer in the same way that …