Samsung Electronics, Naver collaborate on simple payment service
Feb 21, 2023 04:03 am UTC| Economy Business Technology Fintech
Samsung Electronics Co. is collaborating with Naver Financial to create a simple payment service that lets Samsung Pay users pay Navers 550,000 online merchants. The two firms have signed a business agreement to begin...
PayPal announces support for passkeys on Apple devices, launching first for US customers
Oct 25, 2022 07:53 am UTC| Technology Business Fintech
Apple and other tech companies are pushing for passkeys to replace traditional passwords for enhanced security, and PayPal confirmed on Monday it is embracing the technology as well. The fintech giant announced it would...
How fintech can help Indonesia's small and medium enterprises survive the COVID-19 pandemic
Nov 08, 2020 11:07 am UTC| Technology Fintech
In Indonesia Southeast Asias largest economy small and medium enterprises (SMEs) contribute to around 60% percent of the nations economy and absorb 97% of its domestic workforce. However, while there are more than 60...
Microfinance loans could spell disaster in the time of coronavirus
Jul 22, 2020 12:26 pm UTC| Fintech Economy
When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention. Microfinance...
South African banks need to do more to ensure financial inclusion
Jul 02, 2020 15:11 pm UTC| Economy Fintech
An analysis of financial inclusion in South Africa shows that affordability limits poor households access to formal financial services. In our study, which looked at peoples use of financial goods and services between 2008...
The price of AI art: Has the bubble burst?
Jan 07, 2020 15:33 pm UTC| Insights & Views Fintech
Last fall, an AI-generated portrait rocked the art world selling for a staggering US$432,500 at Christies auction house in New York. The portrait called Edmond de Belamy features a slightly out-of-focus man with no nose...
Iran works on national blockchain platform and cryptocurrency
Aug 28, 2018 03:31 am UTC| Digital Currency Fintech
Iran is developing a national blockchain platform which will enable the country to build a money transfer network with its allies, an official at the Central Bank of Iran was recently quoted saying. Speaking during a...
AI is changing how Americans find jobs, get promoted and succeed at work