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Walmart's Flipkart deal earns cheers and jeers
Walmart's
Mobile payment company
The retail trade lobby Confederation of All India Traders sees it differently, saying such deals run contrary to the interest of India's retail trade.
On the bus
Paytm is also busy pushing bus ticketing technology. It has partnered with Andhra Pradesh State Road Transport Corporation to support online bus reservations.
The feature will cover about 1,250 bus routes in India, and will combine remote booking and payments, a trend in global mass transit payments to remove ticketing and payment from stations, trains, buses and other system infrastructure.
Paytm, which is backed by Chinese e-commerce giant
A boost for crypto payments in Asia
The cryptocurrency
An additional option is a liquidity feature that will instantly convert cryptocurrency to fiat currency.
DoJ vet joins bitcoin security company
Michael DuBose will lead the U.S. push of Crystal, Bitfury's blockchain trading product.
DuBose led the DoJ's computer crime division from 2000-2011, and will be president of Crystal USA, reports
Crystal tracks transactions on the blockchain, produces risk scores and flags transactions that could be tied to illegal activity.
From the Web
CNBC | Fri May 11, 2018 - Huawei has released a bitcoin wallet on its app store for the first time, allowing Chinese consumers to hold virtual currencies even as Beijing steps up regulation on the nascent industry. The Shenzhen-based Chinese smartphone maker has teamed up with BTC.com, an online platform for cryptocurrency investors, miners and developers, to add BTC.com's crypto wallet to Huawei's new AppGallery.
The Economic Times | Sun May 13, 2018 - India was the largest remittance- receiving country in the world, with migrant workers from the country sending home USD 69 billion in 2017, according to a report, which said remittances to the Asia-Pacific region amounted to USD 256 billion last year.
The Business Times | Sat May 12, 2018 - Financial cooperation between Singapore and Brunei received a boost on Saturday with the signing of two new agreements. The signings of the agreements - a memorandum of understanding (MOU) to exchange information related to money laundering and terrorist financing, and a financial technology agreement seeking to boost innovation in financial services - were witnessed by President Halimah Yacob and Brunei Sultan Hassanal Bolkiah.
More from PaymentsSource
Many technology developers yearn to invent the future of payments through software, but Toast is also reaching to the past by trying to perfect the hardware that surrounds the new digital tools.
It's a race to the finish line that also affects U.S. companies with European customers. In these final moments, every company must at least show good faith in attempting to follow the law and having procedures and technology in place to do so.
It's an important pivot point for the industry — consumer trust is threatened by a steady flow of data breaches, and consumers are divided on whether they want to stick with plastic or move on to mobile and wearable payments.
Genting Cruise Lines, a Hong Kong-based company that operates cruise ships, has formed a partnership with Wirecard to streamline checkouts for disembarking passengers, eliminating long lines to settle charges at the end of voyages.
