The United Kingdom has reportedly begun to draft regulations to govern artificial intelligence (AI). Policy officials are in the early stages of drafting legislation, but the government is unlikely to introduce a bill until late 2024 or early 2025, after an AI conference that will be hosted by France, Bloomberg reported Monday (April 15). A …
Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release. Overseas users can register for a WeChat account with an overseas mobile number, fill …
Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions are facilitated by UPI, and the account debit will occur in Indian rupees, with the terminals showing the currency exchange rate, PhonePe said in a Thursday (March 28) press release. Non-resident …
Payop and Tink partnered to promote the adoption of pay-by-bank as a payment method across Europe. Payop added Tink’s pay-by-bank offering to the eCommerce checkout options it offers to European merchants, the companies said in a Wednesday (March 27) press release emailed to PYMNTS. During Payop’s testing of Tink’s pay-by-bank option, from January to December 2023, the number …
eSIM company eSIM Go has added Western Union’s digital wallets to its mobile data service. The integration, announced Wednesday (March 27), offers coverage in more than 150 countries via eSIM Go’s “Powered by Breeze” offering. “Equipping digital wallet customers with global connectivity possibilities serves the dual purpose of traveling with ease and optimizing access to …
Emirates Global Aluminium have signed a deal with SAP to transform its core enterprise resource planning solution to SAP’s latest S/4HANA software. EGA uses SAP software solutions to manage functions such as marketing & sales, supply chain, finance, human capital, production planning & scheduling, and plant maintenance across its global business. Currently, EGA processes more …
Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient. Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer …
India’s Airtel Payments Bank partnered with smartwatch company Noise to launch a smartwatch that enables users to tap to pay. The Payments Bank Smartwatch enables hassle-free payments, Airtel Payments Bank said in a Tuesday (March 19) post and video on X, formerly known as Twitter. The wait is over!Introducing #ANewWayToPay with #AirtelPaymentsBank Smart Watch in partnership with @gonoiseGet yours now. pic.twitter.com/1EAilqnV50 …
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on X, formerly Twitter. “We have received approval from @NPCI_NPCI to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.” Now, officially …
The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app after RBI placed business restrictions on Paytm Payments Bank, RBI …