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The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings.
It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4 It’s designed to support banks, payment providers, and businesses of any size with pay-outs, pay-ins, card issuance, and banking-as-a-service.
With the rise of online transactions and real-timepayments, the risk of fraudulent activity has surged, putting financial institutions and businesses in a constant battle to protect their customers and themselves. As the first line of defense, payment screening aims to catch obvious risks at the point of transaction.
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