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Pakistan Launches Payment System To Boost Financial Inclusion

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Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. The system was developed over a period of years by a collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation.

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LendingClub and Morgan Stanley, A Tale of Two Bank Deals

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Call it a tale of two bank deals. The stories come with significantly different price tags: $185 million and $13 billion. The move also means that, as LendingClub had applied for bank charters in the past (with the Office of the Comptroller of the Currency), it decided to buy its way into deposits and checking. Some Precedents.

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Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week's News

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We dive into PayPal's installment options, consumer trust in digital banking, and Walmart and Amazon's battle for the digital consumer. Walmart+ And The Changing Digital Commerce Landscape. New Data: How Online Merchants Build Consumer Trust In The Digital 3.0 Walmart Inc. Trackers and Reports.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

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The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

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The Apple Card looms, with a rollout that began last week through Goldman Sachs, and according to at least one analysis, the card might underwhelm consumers, lead to muted results (at least at the outset) for its tech and banking backers, and for Goldman, even lead to losses, depending on the economic climate.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

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FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.

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In Wake of Vantiv for Worldpay, Europe Beckons?

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Falling sterling and growing digital payments make not-so-strange bedfellows. The movement toward digital and mobile, cashless payments is an immutable one, and Worldpay, as you might know, provides payment processing for online and brick-and-mortar transactions in more than 140 countries. The question becomes: What’s next?