Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its August 2024 trading volume report. August Trading Volume Overview 2024 -Total Trading Volume: USD 156.11 billion -Most Popular Products: XAU/USD, EUR/USD… ...
Given the sensitivity of financial accounts and information, fintech companies should make sure that they are verifying the identity of individuals who, for example,request that an account and data be deleted. The CCPA requires that businesses make a good faith effort to verify subject access reque...
From a standing start, China has quickly become the global leader in online lending. It accounts for three quarters of the global market, mostly by connecting less creditworthy borrowers to private lenders keen to generate outsized returns on their capital. In 2017, China’s peer-to-peer (P2P...
That covers wholesale models—designed for restricted access by financial institutions, and similar to central bank reserve and settlement accounts—and retail models, issued by the central bank directly to all users. Across the Asia-Pacific region, Australia, Hong Kong, India, Japan, Malaysia, New...
While in the African region, countries like Ghana, Kenya, Uganda, Tanzania, and Mozambique were used as an empirical context for researching mobile money. Africa accounts for 70% of world’s mobile money value [135]. The development of M-Pesa and similar kind of mobile money services has ma...
As a bank, Revolut can now introduce lending products, including overdrafts, loans, and savings accounts, which were previously unavailable under its e-money institution status. This expansion will enable Revolut to compete more effectively with traditional banks and other challenger banks like ...
This report also indicates that more than 60% of respondents have insecure behaviors which may pose security threats to personal information or payment accounts. For these reasons, mobile payment users should be on high alert to guard against various payment risks at all times. ...
A payment processor allows merchants to handle customer transactions via various channels such as credit/debit cards or bank accounts. For every transaction, the card issuer charges the merchant a fee, and the payments processor charges a fee to facilitate all of the background work to perform ...