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Central Bank Of Kenya Urges Digital Transactions

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“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160
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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

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Report: India’s National Payments Corp Vulnerable To Security Breaches. National Payments Corp. The audit determined that personal information held by the main digital payments system in the country operated by the RuPay card network was vulnerable. of India (NPCI) discovered over three dozen security risks in 2019.

Report 133
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Kohl?s Leans Into Digital During Pandemic Store Closures

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These include operating with limited store hours, social distancing signage, elevated cleaning procedures, a new returns process, among many others,” Gass said. The retailer, for its part, has reopened approximately half of its stores throughout the nation.

Retail 235
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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

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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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NEN Widens USAT Partnership For Cashless Payments Growth

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Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

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Amazon Sets Sights On Southeast Asia

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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.

Regional 148
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Video-Based KYC Fixes Its Gaze On Fraudsters

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Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

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