Banks have been caught napping while fintech firms revolutionize the financial sector. Customers can open an account, apply for loans and make payments via their smartphone. Now banks are turning to the newcomers for help.
Vietnam has launched an investigation into a multi-million-dollar cryptocurrency scam, ordering a crackdown on trading in the highly-popular iFan and Pincoin digital currencies in its lightly regulated market.
"Let others invent" was the Spanish slogan for a long time. However, the Spaniards are taking an unlikely lead in the latest digital revolution, becoming a focal point in Blockchain technology and the Internet of Things.
Global card companies Visa and Mastercard are struggling for consumers and market share over India's homegrown payment channels. Has swiping a card become outdated in the world's most innovative payments market?
A new EU banking directive, PSD2, comes into force Saturday, making online transaction costs for credit cards a thing of the past. But the directive could also have greater implications for the banking sector.
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