Remove Bank Card Remove Cross-Border Remove Online and Mobile Banking
article thumbnail

Germany to develop state-run European digital identity wallet

NFCW

Germany’s EUDI wallet will enable citizens to store their ID card digitally on a smartphone app similarly to how they securely carry their bank card or travel tickets. Whether in everyday life, when applying for jobs, online banking or in contact with authorities, this makes it much easier to prove identity.

article thumbnail

WeChat Pay Service Simplifies Cross-Border Tuition For Chinese Students

PYMNTS

The move is an attempt to make it easier for those students to make cross-border transactions. Paying tuition used to be a difficult process, and involved exchanging yuan to South Korean won at a bank and then paying the university, noted the report. The company also launched WeChat Pay Malaysia in August of last year.

article thumbnail

Finovate Global Uzbekistan: Fintech Innovation and Banking Breakthroughs in Central Asia

Finovate

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. You joined TBC a few years after the bank expanded to Uzbekistan. Why Uzbekistan?

article thumbnail

The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

article thumbnail

PayPal Expands Into China After Getting Payments License

PYMNTS

PayPal bought a 70 percent stake in the company for an undisclosed amount, and the country’s central bank approved the deal. During trade talks, the United States has been trying to convince China to allow it more market access, and the central bank said that it was going to allow for “equal treatment” for domestic and foreign groups alike.

PayPal 67
article thumbnail

BKN301 Launches BaaS Orchestrator to Enable Fintechs and Banks to Extend Services

The Fintech Times

BKN301 Group , the digital payments and banking-as-a-service (BaaS) provider in the MENA region, has launched its new BaaS Orchestrator solution, aiming to empower fintechs and banks of all sizes, helping them incorporate financial features into their existing value propositions.

article thumbnail

What Would it Take to Get Users Onside With CBDCs for Everyday Use?

The Fintech Times

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Yet many central banks have already actioned plans to introduce them. If we cast our minds back to when bank cards were first introduced, we witnessed similar hesitation then too.

CBDC 98