Articles with tag: facebook

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Libra may not deliver digital currency, but digital identity

06 Aug 2020 | Cryptocurrencies

‘In large parts of the world, Know-Your-Customer (KYC) could be replaced by Known- by-Zuck (KYZ) to the benefit of society as a whole’ The Digital Currency Revolution’ by David Birch

David Birch, Libra, CBDC, central banks, Facebook, Know-Your-Customer, identity, digital identity, identity verification, digital currency, synthetic hegemonic currency, digital wallets, Novi, Consult Hyperion

Does China's Digital Currency have a chance to supplant a digital dollar as a global reserve currency?

05 Aug 2020 | Cryptocurrencies

The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch

David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments, innovation

Brazil's central bank authorises payment tests via Facebook's WhatsApp

03 Aug 2020 | Mobile Payments

Visa and Mastercard have announced that Brazil’s central bank has authorised testing of payments via Facebook’s messaging service WhatsApp in the country, according to Reuters.

Brazil central bank, payment tests, Facebook, WhatsApp, Visa, Mastercard, payments, mobile payments, P2P payments, Brazil

Xinja Bank to launch share trading platform Dabble

22 Jul 2020 | Online & Mobile Banking

Australia-based Xinja Bank has announced it will launch Dabble, a share trading platform that gives investors access to more than 3000 US shares and exchange traded funds (ETFs).

Xinja Bank, banks, US, Australia, Dabble, share trading, exchange, exchange traded fund, ETF, Stash, Tesla, Facebook, Google, Amazon, FX

Brazil Central Bank to authorize payments system involving WhatsApp

21 Jul 2020 | Online Payments

Brazil's Central Bank has announced it will authorize a payments system involving Facebook Inc's WhatsApp messaging service, to send money and make payments via chats.

Central Bank of Brazil, Brazil, Latin America, payment system, WhatsApp, Facebook, online payments,

Instagram launches a dedicated shopping page to highlight brands and collections

17 Jul 2020 | Mobile Payments

Instagram has rolled out a dedicated Shop page under the Explore tab that will highlight different brands and items that people can purchase. 

Instagram, Facebook Pay, debit card, credit card, US, shopping features, online shopping, in-app purchases, mobile payments

WhatsApp Business adds QR codes and catalog sharing

09 Jul 2020 | Mobile Payments

Facebook-owned messaging app WhatsApp has announced it is expanding the reach and use of QR codes to let customers easily connect with businesses on the platform.

Whatsapp, Whatsapp business, facebook, QR payments, MAU, payments platform, B2B payments, B2C payments,

Google in talks with Temasek to invest in Tokopedia

06 Jul 2020 | Ecommerce

Google and Temasek have started talks regarding a funding round for Indonesia-based ecommerce company Tokopedia.

Temasek, Tokopedia, Google, BigTechs including Facebook, Microsoft, Amazon, Indonesia, ecommerce, data theft, COVID-19

Ecommerce policy to impose access on data handled by BigTechs in India

06 Jul 2020 | Digital Identity, Security & Online Fraud

India’s latest ecommerce policy draft has revealed steps that could help local startups and impose government oversight on how BigTechs handle data. 

ecommerce policy, India, BigTechs, Amazon, Google, Facebook, Ministry of Commerce’s Department for Promotion of Industry & Internal Trade, AI, streaming services, payment tokens

European Commission promises 'strong' rules for Facebook's Libra

25 Jun 2020 | Cryptocurrencies

The European Commission has announced plans to present later in 2020 new rules to develop a ‘sound’ crypto-asset market in the EU.

European Commission, Facebook, Libra, stablecoins, crypto assets, cryptocurrency, regulation

WhatsApp Payments suspended by the Central Bank of Brazil

24 Jun 2020 | Mobile Payments

The Central Bank of Brazil has suspended Facebook’s WhatsApp messenger payment feature in the country.

Central Bank of Brazil, WhatsApp, Brazil, digital payments, Mastercard, Visa, Facebook, India, Mexico, payments system, data privacy

Boku acquires Estonia-based mobile payments company Fortumo

19 Jun 2020 | Mobile Payments

US-based mobile payment company Boku has acquired Estonia-based direct carrier billing service provider Fortumo for a maximum consideration of USD 45 million.

Boku, US, mobile payments, Fortumo, direct carrier billing, DCB, joint strategy, merchants, SMEs, Google, Amazon, Tencent, digital merchants, Apple, Google, Facebook, Microsoft, PayPal, Spotify, Sony, mobile wallets

Chipotle launches chatbot for Facebook users, new app in Canada

19 Jun 2020 | Ecommerce

US-based fast casual restaurants chain Chipotle has rolled out a series of new features to its digital platform, including an app in Canada.

Chipotle, Canada, app launch, digital platform, DoorDash, Uber Eats, Pepper, chatbot, Facebook, Messenger, mobile ordering, payment option, checkout, Chipotle Rewards, mobile pickup, Digital Kitchens, group ordering

WhatsApp launches digital payments, starting in Brazil

16 Jun 2020 | Mobile Payments

WhatsApp has launched digital payments enabled by Facebook Pay in Brazil, after testing a beta version of the service in India.

WhatsApp, digital payments, launch, Brazil, Facebook Pay, Mastercard, Visa, Mastercard Send, Visa Direct, push payments, credit card, debit card, Google Pay, PhonePe, Unified Payments Interface, UPI, emerging markets

Walmart, Shopify partner to boost their ecommerce offerings

16 Jun 2020 | Ecommerce

Walmart has partnered with Canada-based ecommerce company Shopify to expand its product catalogues, and enable Shopify to sell on its marketplace.

Walmart, Shopify, ecommerce, US, Facebook, Shops, merchants, Walmart Seller Account

Coronavirus speeds research around central bank digital currencies

16 Jun 2020 | Cryptocurrencies

The coronavirus pandemic has been accelerating the development of central bank digital currencies (CBDCs), central bank officials said.

BoE, CBDC, central banks digital currency, Libra, stablecoin, Facebook, contactless payments, digital payments, coronavirus

Mastercard, Facebook extend partnership to allow money transfers using WhatsApp in Brazil

16 Jun 2020 | Online Payments

Mastercard has announced the extension of its partnership with Facebook to offer a new way for Brazilians to send and receive money on the WhatsApp application. 

Mastercard, partnership, Facebook, Brazil, WhatsApp, transfers, contactless, digital payments, credit cards, debit cards, tokenization

Reliance Jio Platforms to sell USD 850 million stakes to L Catterton, TPG

15 Jun 2020 | Payments General

US-based private equity companies L Catterton and TPG have announced plans to invest USD 850 million in India-based telecom company Jio Platforms.

Reliance Jio Platform, stakes, investment, funding, private equity, India, L Catterton, TPG, Facebook, Silver Lake, KKR, Vista Equity Partners, General Atlantic, Mubadala, Abu Dhabi Investment Authority

SumUp launches SumUp Online Store to help merchants during COVID-19

27 May 2020 | Ecommerce

UK-based payments provider SumUp has launched an online payment solution to help merchants shift to the ongoing social distancing measures.

SumUp, UK, merchants, mobile payments, ecommerce, SumUp Online Store, SaaS, Instagram, Facebook Messenger, WhatsApp, SMEs, SumUp Card, Mastercard, Ireland, Italy, Germany, France, COVID-19

Facebook renames Calibra Libra digital wallet to Novi

27 May 2020 | Cryptocurrencies

Facebook has renamed Calibra, the digital wallet designed to work with its Libra cryptocurrency, to Novi.

Facebook, Libra, Novi, stablecoin, digital wallet, cryptocurrency, KYC, Libra Association