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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. Government-issued digital identities are not just the realm of sovereign nations. billion by 2024. Developments From Around The World Of Digital ID.

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FDA eCig Crackdown Boosts Appeal Of Online Authentication

PYMNTS

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Enova International intends to purchase online small business lender OnDeck for approximately $90 million in stock and cash. Report: India’s National Payments Corp Vulnerable To Security Breaches. National Payments Corp. of India (NPCI) discovered over three dozen security risks in 2019.

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Amazon Sets Sights On Southeast Asia

PYMNTS

Two of its nations (Indonesia and Thailand) are ranked in the top 20 economies by their GDP. So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 MoMo reportedly intends to use the funds to bankroll plans to become a “super app” as well as to go public in 2025. billion transactions annually. eWallet Startup MoMo Lands $100 Million from Warburg Pincus, Other Investors.

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

As the new Digital Identity Tracker® states, “about 40 million bank customers in Thailand are expected to register for digital identity authentication under the country’s National Digital ID (NDID) program, which was recently expanded to more financial service providers. That’s expected to cost banks an $168.9 Timing Is Everything.

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