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Apple Presses Tencent to Close Payment Loopholes

Apple Presses Tencent to Close Payment Loopholes

Hey Payments Fanatic! Apple has demanded that WeChat parent Tencent and Douyin parent ByteDance stop allowing in-app creators to direct users to external payment systems. According to Bloomberg, Apple has threatened to reject updates for WeChat and Douyin if these loopholes remain. An Apple spokesperson stated that their guidelines

WeChat Pay Malaysia to Discontinue its e-wallet Service

WeChat Pay Malaysia to Discontinue its e-wallet Service

Hey Payments Fanatic! WeChat Pay Malaysia, a subsidiary of the Chinese payment firm WeChat Pay, will halt its e-wallet service in Malaysia from September 1, 2024, due to a strategic business shift. In a statement released on Friday, the company announced that it would stop accepting new e-wallet

My Top 7 of the latest Pix stats that will blow your mind 🤯

My Top 7 of the latest Pix stats that will blow your mind 🤯

Hey Payments Fanatic! Matera has released a report on the latest Pix statistics, and the figures are truly remarkable. Here are my top 7 highlights from the most recent Pix data that will astonish you: 1. Pix Volume Surges: In June 2024, there were an estimated 5.3 billion Pix

Popular Polish Payment Service BLIK Arrives in Slovakia

Popular Polish Payment Service BLIK Arrives in Slovakia

Hey Payments Fanatic! BLIK SK, previously known as VIAMO, has expanded its partnership with one of Slovakia's largest banks, Tatra banka. Soon, users of the Tatra Banka VIAMO mobile app will be able to make online purchases faster, more conveniently, and securely thanks to the new service. In

India's Paytm Receives Government Approval for Payments Arm Investment

India's Paytm Receives Government Approval for Payments Arm Investment

Hey Payments Fanatic! India's Paytm has received government approval for a 500 million rupee ($5.97 million) investment in its key subsidiary, Paytm Payment Services. This approval, delayed due to the company's ties to China, allows the subsidiary to resume normal operations. Paytm Payment Services accounted

Central Bank Enhances Pix Security and Sets New Launch Date for Pix Automático

Central Bank Enhances Pix Security and Sets New Launch Date for Pix Automático

Hey Payments Fanatic! The Central Bank (BC) has updated Pix regulations for improved security. From November 1st, financial institutions must adopt solutions for Pix key management and fund transactions, aiming to combat fraud and ensure safer payments. Key Changes: Financial institutions must use fraud risk management solutions that identify atypical

Rise of Mobile Contactless Payments in the UK

Rise of Mobile Contactless Payments in the UK

Hey Payments Fanatic! The UK has seen a substantial shift towards mobile contactless payments, with around 34% of adults using these methods at least once a month in 2023, according to UK Finance. Digital wallet services like Apple Pay and Google Pay have surged in popularity due to their enhanced