The Fintech Times

FEBRUARY 1, 2024

International visitors can now travel by taxi across the United Arab Emirates (UAE) as Alipay+ , the cross-border digital payment and marketing solutions provider, partners with key industries and government bodies. In Abu Dhabi, travellers can scan the QR code on the POS terminal with around 6,000 Abu Dhabi taxis.

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Tax Refunds SARS Cross-Border Cross-Border Payments 64

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

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FinTech Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

SEPTEMBER 2, 2024

.” Backing innovation and digitalisation “Financial innovation and fintech enablement is pivotal to the ongoing transformation of Saudi Arabia’s economy,” added Ayman Al Sayari , governor of Saudi Central Bank. billion by 2030.

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FinTech SARS Central Bank Authorization 59

The Fintech Times

JUNE 26, 2024

According to a new report by the Bank for International Settlements (BIS) , central banks must embrace AI to harness its full potential and anticipate its far-reaching impacts on the economy and financial systems. All this could help central banks predict and steer the economy better.”

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Central Bank Risk AI Money Laundering 59

PYMNTS

FEBRUARY 3, 2020

The Coronavirus Continues to Cut Down the Chinese Economy . As of the start of this week, there were more than 17,000 diagnosed cases within China, and the disease officially has more fatalities associated with it than the SARS outbreak of the early 2000s. Thus far the closures have been big. Criminal activity accounted for $3.5

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Bitcoin Ransomware SARS Crime 52

Fintech Finance

APRIL 8, 2024

Ant Group , along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

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Consumer SARS Cross-Border Mobile Payments 52

PYMNTS

MARCH 19, 2020

How long will it take the economy to recover from such a large-scale and totally unexpected disruption? The firm also noted that it is working with government and public health partners to find a way to distribute the tests free of charge. How long will citizens be advised to stay inside? Is anyone ever going back to school?

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SARS Legal Authorization Economy 68

The Fintech Times

MARCH 20, 2024

The government’s efforts to improve the payment industry are demonstrated with the release of these guidelines, as they serve as a roadmap for the future growth of the industry. At the same time, led by government authorities in specific sectors, UnionPay will encourage other industry players to pool their resources.

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Use Case Online and Mobile Banking Government Governance 59

Stax

DECEMBER 4, 2023

With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise. It mandates ongoing monitoring of suspicious activity, recordkeeping, and submitting suspicious activity reports (SARs) to the government. According to a UN report, money laundering activities of about $1.6

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Money Laundering Compliance AML BSA 88

PYMNTS

FEBRUARY 3, 2020

The Chinese government braced for additional economic turmoil, took steps to bolster its lagging economy and activated new safety measures as the coronavirus epidemic spread globally, causing the first illness-related death outside of China. As of last Saturday, 14,380 remain infected. No one yet knows how bad it will be.

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Economy SARS Continuity Government 58

CB Insights

JUNE 17, 2020

Government entities have also taken steps to reduce friction for businesses to offer telehealth services. As “Test, Track, and Trace” has become a public health slogan around the world, government and public discourse has quickly turned to companies with the resources to make the requisite technologies a reality. Source: Teladoc.

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Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

MARCH 2, 2020

Global supply chains are impacted, as millions of workers living in the provinces of developing and emerging economies like China, Vietnam, South Korea and Malaysia are unable to work at the manufacturing facilities due to quarantine, illness or both. Why We Need A Connected, Digital Economy — Now More Than Ever. We see it everywhere.

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Economy Online and Mobile Banking Innovation On-Demand 112

PYMNTS

JANUARY 26, 2020

Despite the slowing economy that had Chinese officials hoping people would spend, the government is now advising residents to stay home as the deadly virus spreads. The virus — a genetic cousin of the SARS virus— comes at a time when 7 million Chinese tourists travel abroad during the Lunar New Year holiday in 2019.

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Consumer SARS Origination Economy 77

PYMNTS

FEBRUARY 19, 2020

In one example, perhaps an extreme one, government takeovers may be in the offing. To that end, in China, the government of the Hainan province is reportedly taking control of the conglomerate HNA Group, and will sell off some airline assets.

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SARS Audit Government Governance 56

PYMNTS

JANUARY 31, 2020

There are now over 8,000 cases worldwide, businesses like Starbucks and McDonald’s have shut down in China, planes have been grounded due to the outbreak and analysts are beginning to wonder if the coronavirus’s total economic effect will dwarf the $40 billion toll SARS took on the world economy a decade and a half ago.

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Bitcoin PayPal Payments Cross-Border 40

PYMNTS

JANUARY 28, 2020

Certain events stand out in stark relief for reminding us of just how interconnected the global economy is in the 21 st century. SARS as Prologue? And through the authors’ models, the global economic loss from SARS came close to $40 billion in 2003. Trade wars. The death toll is on the upswing. percent to 4.4

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SARS Economy On-Demand Cross-Border 66

PYMNTS

JANUARY 31, 2020

The Subscription Economy: What the 2020s Have in Store . Why the Coronavirus May Dwarf SARS’ $40B Economic Toll. Each pandemic is different, and brings with it particular new challenges for medical professionals, governments and industries. It’s not just food, cosmetics or streaming media that will drive this.

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Technology SARS Online and Mobile Banking Contactless Payments 52

PYMNTS

APRIL 22, 2020

The cameras, he said, have been used throughout Asia since the SARS crisis earlier in the millennium and can be used to monitor large groups of people. In addition, he noted, the mobile industry is dominated by standards that have been developed by telecom vendors and government bodies alike. Governments are not stupid.

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Government Governance Use Case Privacy 56

PYMNTS

MARCH 2, 2020

The SARS outbreak 17 years ago in 2003 was followed by a rapid growth of the laptop market in the third quarter of the same year, with one important underlying factor being that the crisis made more consumers aware of the importance of access to internet information, and of having portal internet-enabled devices.

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On-Demand Risk SARS Use Case 52