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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy.

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Vietnam Launches New Social Media App As Facebook Alternative

PYMNTS

The social media company has teamed up with Sony Music Entertainment to feature music content, and aims to reach three million users in 2019 and 20 million by January 2021. million) in funding from tech corporation G-Group, said Ha Trung Kien, G-Group’s chief executive. Gapo has received 500 billion dong ($21.55

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Facebook, Google Pressured In India Over Privacy, Taxes

PYMNTS

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants. We’re calling everyone.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. Regulations.

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Digital Payments Startup GPay Awarded Vietnam License

PYMNTS

GPay , a member company of the Vietnam investment firm G-Group , joins a tight FinTech market in Vietnam with 33 other firms licensed for intermediary payment services. GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies.

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Vietnam’s Social App Lotus Seeks Funds To Compete With Facebook

PYMNTS

Vietnam ’s new social network platform, Lotus, is looking to raise as much as 1.2 Developed by media group VCCorp, Lotus has already secured an initial investment of 700 billion dong ($30.4 In January, Vietnam accused Facebook of violating Vietnamese law in how it managed online content, advertising and taxes.

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How fraudsters target different generations

Independent Banker

“Gen Z, the younger generation, has transitioned into the workforce and is primarily being targeted through social media messages and chatbots,” Fratangelo says. While some groups of people might be more vulnerable to certain types of financial fraud … many of these schemes don’t have specific age groups in mind.

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