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Visa, NovoPayment To Deploy Digital Solutions In Latin America, Caribbean

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Visa and banking-as-a-service platform NovoPayment are expanding their strategic partnership to advance the deployment of digital solutions in Latin America and the Caribbean, Visa said in a press release on Tuesday (Dec. Since partnering two years ago, Visa and NovoPayment have advanced digital payments across the region.

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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

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100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. Embodiments may also allow for user anonymity.”.

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Cambridge Global, Ripple Partner On Cross-Border Payments

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Pat Thelen , vice president and North America managing director at Ripple, said both companies understand the necessity of using blockchain to help bolster cross-border payments. By expanding this relationship, we broaden our reach into the Asia-Pacific region, while providing customers the rapid payment delivery they expect.”.

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Deep Dive: How The COVID-19 Pandemic Is Shifting Latin America’s Open Banking Plans

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Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. Open Banking And Digital Readiness.

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New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap

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Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. This means the crisis may have large-scale effects on how open banking develops in Latin America. How The Pandemic Is Shifting Open Banking Plans In Latin America .

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UAE May Allow WhatsApp VoIP

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However, Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, told CNBC that the country has been working with big tech platforms, especially Facebook-owned WhatsApp, on national security initiatives. Of course, technology also brings with it security concerns.

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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

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the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. Canada, U.K.

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