News digest 12.09.2022

News digest 12.09.2022

Revolut Wants to Compete With PayPal and Apple at Online Checkouts

Source

Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts. Revolut Pay has signed up retailers including Shopify Inc., Prestashop, WH Smith Plc and Funky Pigeon, and will be available within the airline industry in the coming months, according to a statement from the London-based fintech.

Central Bank of India commits to digital rupee trial

Source

In February Payments Cards & Mobile reported India’s central bank says it will launch a digital rupee CBDC in the next financial year. Now, the Reserve Bank of India (RBI), has reportedly asked four banks to pilot the country’s central bank digital currency (CBDC) ahead of its public launch.

Ondato launches virtual branch service

Source

Ondato, a KYC and AML company that provides video-based ID verification systems to banks as part of its technology, today launches a virtual branch service solution that enables physical, digital and hybrid banks to provide customers with virtual face-to-face appointments. The new solution has the security tools necessary for safe and remote service delivery, including identity verification, e-signatures, and live video discussions, among many other methods.

Vietnam authorities are thinking of cryptocurrency regulations

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Vietnam is among the top countries globally in terms of cryptocurrency ownership but there is no legal framework to regulate them. Duong Van Phuoc from the central province of Quang Nam claimed that digital asset criminals are not getting caught due to the lack of regulations. State Bank of Vietnam governor Nguyen Thi Hong said there have been similar proposals before but the government has yet to decide which authority could be entrusted with overseeing them.

Google okays fantasy sports and rummy apps in India in a pilot

Source

Google plans to run a pilot to permit daily fantasy sports apps and rummy games on Play Store in India, addressing a request from the local community that has long expressed frustration at the Android-maker for not welcoming services on its store in the world’s second-largest market that it allows in many parts of the world.

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