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Well-known brands venturing into paytech to mine data?

Well-known brands venturing into paytech to mine data?

Google just got its financial services license in Ireland and was granted the same in Lithuania a month before. Social networking giant Facebook is rumoured to be working on its own remittance service as well, and the blockchain-based platform will allow Facebook users to transfer money internationally right on the website or the app.
By Daniel Webber | Thursday, January 10th, 2019 | US
Google enters European payments market

Google enters European payments market

Google is venturing into the European paytech market and now has a payments licence in Ireland. According to the register at the Central Bank of Ireland, the company has been granted an authorisation to operate in the country’s payments market pursuant to Regulation No. 18 of the European Union Regulations 2018. Reports say that this regulation is under Payments Services Directive 2.
By Andrea Barnes | Tuesday, January 8th, 2019 | US
Kuwait national bank now uses Ripple

Kuwait national bank now uses Ripple

The National Bank of Kuwait (NBK) recently launched NBK Direct Remit, a money transfer service that utilises RippleNet. The blockchain-based product will make it easier for migrants and citizens to transfer money internationally, according to the national bank. However, there is still no mention as to how affordable its overseas transfer rates will be.
By Daniel Webber | Monday, January 7th, 2019 | US
Fintech innovation to be expected in 2019

Fintech innovation to be expected in 2019

As more people transfer money internationally on a regular basis, open banking will likely dominate the banking industry sooner than expected, while crypto-based services will also gain ground in the remittance sector. Innovation will be the order of the day, according to analysts as the world moves away from traditional ways of doing banking.
By Andrea Barnes | Friday, January 4th, 2019 | US

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