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Digital Payments

Russian mobile networks plan wallet and payment services for digital ruble
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19 February, 2021

Russian mobile networks plan wallet and payment services for digital ruble

Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.
BIS head: Bitcoin may break down altogether, has no actual value backing
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2 February, 2021

BIS head: Bitcoin may break down altogether, has no actual value backing

The head of the Bank for International Settlements believes that Bitcoin could end up collapsing altogether.
India’s central bank exploring the need for digital currency
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30 January, 2021

India’s central bank exploring the need for digital currency

In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s...
Visa calls off $5.3B acquisition of digital currency-friendly startup Plaid
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18 January, 2021

Visa calls off $5.3B acquisition of digital currency-friendly startup Plaid

The consumer credit giant was set to acquire Plaid for $5.3 billion, but antitrust claims from the Department of Justice...
Pakistan launches Bill Gates-backed Raast instant digital payments system
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15 January, 2021

Pakistan launches Bill Gates-backed Raast instant digital payments system

Known as Raast, the system is especially aimed at availing digital payments to women who have been financially marginalized for...
China unveils first digital yuan physical card in Shanghai
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12 January, 2021

China unveils first digital yuan physical card in Shanghai

Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make...
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