UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

KEY POINTS Data from industry body Innovate Finance shows that global investment in fintechs sank to $51.2 billion in 2023, down 48% from 2022. Despite that, the UAE saw ... Read More
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New IBA report examines fintech regulation across 39 jurisdictions

The International Bar Association banking law committee has published a report entitled ‘Fintech: how is the world shaping the financial innovation industry?’ The report compares the fintech regulatory frameworks ... Read More
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Apple sued over monopoly on contactless payments

Tech giant Apple is facing a lawsuit in the US over allegations that its monopoly on contactless payments made using iPhones constitutes anti-competitive conduct. iPhone users can only make ... Read More
online payment

Online spending volume has expanded in the past few years

Online spending volume has expanded in the past few years, with the value of digital payments worldwide expected to grow at a compound annual growth rate (CAGR) of 15% ... Read More
cloud computing

Cloud computing used by 42% of enterprises

Enterprises can access computing resources hosted by third parties on the internet instead of building their own IT infrastructure. This pool of resources is most commonly known as ‘cloud ... Read More
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ISX Demerger of profitable European businesses & associated assets

iSignthis Limited (ASX: ISX), a leading payments and identity technology company, has issued an announcement to inform that: iSignthis Limited (ASX: ISX) is exploring a proposed demerger of subsidiary ... Read More
biometrics payments

Survey: Four in five consumers globally would use a biometric payment card

More than four fifths of consumers (81%) worldwide are ready to use a biometric payment card and authenticate payments with their fingerprint rather than a PIN code, according to ... Read More

Mobile wallet use growing worldwide, reveals data report

Digital or mobile wallet payment was the most popular POS payment approach globally in 2020, grabbing 21.5% of transaction payment market share in 2020. The boom was due to ... Read More

Italy promotes cashless payments with 10% rebates

Consumers in Italy can now receive an automatic 10% refund into their bank account for cashless in-store payments made using a credit, debit or prepaid card or payment app ... Read More
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NSX Ltd : TAS and DESS now Live

NSX Limited (ASX:NSX), (“the Company”) is pleased to announce that its wholly owned subsidiary, the National Stock Exchange of Australia (“NSXA”) has completed its Trade Acceptance Service (“TAS”) integration ... Read More
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