Tagged: online wallets

Digital Asset Firm Kraken Explains how to Securely Store Bitcoin, Ethereum, Other Cryptocurrencies

Digital asset firm Kraken recently published a report that explains how to safely and securely store your cryptocurrency holdings. Kraken notes in its report that if you’ve recently purchased some crypto-assets, then you might feel uneasy after hearing about the many horror stories of investors… Read More

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

Kuwait Finance House (KFH), the nation’s first banking institution operating in accordance with the Islamic Shari’a, has introduced a digital wallet service that is being supported through smartphones (and even smart watches). KFH, which is listed on the Kuwait Stock Exchange, with a market cap… Read More

Philippines based Mobile Wallet PayMaya Becomes First Fintech to Use QR Ph for Transactions

PayMaya, a mobile wallet that’s operating under the purview of PLDT, has reportedly become the first Fintech firm to start using QR Ph for merchants. QR Ph was introduced by the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, with assistance from BancNet and… Read More

Bitcoin Taproot Upgrade Benefits Explained by Jameson Lopp, CTO at BTC focused Tech Firm Casa

Jameson Lopp, CTO at Bitcoin (BTC) focused firm Casa, recently explained what the Bitcoin (BTC) Taproot upgrade will bring to the world’s largest cryptocurrency network. Lopp discussed (in a recent blog post) how the Bitcoin Taproot update could affect you and your Bitcoin wallet, especially… Read More

Blockchain.com Explains Difference between its Non-Custodial and Trading Digital Asset Wallets

The team at UK-based Blockchain.com, a leading crypto wallet, trading platform, and block explorer service, notes that as the crypto community grows and digital currency adoption also gains speed, educational resources like the ones prepared by 99 Bitcoins will be “key to help usher in… Read More

Malaysian Fintech MyMy Given Conditional Approval from Bank Negara as Company Prepares for Digital Wallet Launch

MyMy revealed on Monday (April 26, 2021) that it has obtained conditional approval for a large scheme E-money license from Bank Negara Malaysia, the nation’s central bank. The Fintech firm is now planning to launch its digital wallet services in the coming year. Until all… Read More

Indonesian Online Wallet Platform LinkAja Selects Indian Software Firm PureSoftware’s Arttha Digital Payments Suite

Indonesia’s digital wallet platform LinkAja has chosen Indian software firm PureSoftware’s Arttha digital payments suite which will be powering the wallet provider’s core systems. The move is said to be consistent with LinkAja’s goal to further expand and strengthen its market presence as a payment… Read More

MicroWorkers Integrates with Ontology’s ONTO Digital Wallet to Facilitate Additional Payment Options for Workers

MicroWorkers has integrated Ontology’s ONTO wallet in order to facilitate additional payment options for workers. MicroWorkers’ integration of ONTO wallet completes the latest phase in their joint venture with the Ontology development team. Through the partnership, MicroWorkers plans to continue to promote users’ access to… Read More

Cash App from Square, Venmo from PayPal are Benefiting from Increased Use of Digital Wallets by Millennials, Analysts Explains

Catherine Wood, Founder, CEO, and CIO of ARK Investment Management LLC, an investment management company that managed the largest actively-managed exchange-traded fund (ETF) last year, recently commented on Fintech industry developments and shared her views regarding future growth opportunities. Wood, who previously worked at Jennison… Read More

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base… Read More

New Money Market Mutual Fund Is Being Offered via Indonesia’s OVO Mobile App through Partnership with Local Firms

Indonesian digital wallet provider OVO has teamed up with Manulife Aset Manajemen Indonesia (MAMI) and its partner Bareksa in order to introduce an instant redemption mutual fund. OVO stated that the new offering is the first of its kind in the Southeast Asian country. The… Read More

Digital Wallets Holding Over 100 Bitcoin (BTC) has Grown Significantly Following COVID Outbreak: Report

The team at Kraken, a leading US-based digital asset exchange, notes that cryptocurrency prices have been soaring, and related innovation is “breaking ground,” while key opportunities are flourishing. According to Kraken, crypto adoption is “relentless.” The Kraken team writes that as they begin a new… Read More

Fintech Firms in Indonesia Attracted Substantial Funding throughout 2020 Along with Digital Commerce and SaaS Platforms: Report

Indonesia-based Fintech platforms and services have continued to receive substantial investments despite the COVID outbreak. These Fintechs have acquired a significant portion of the total funds invested in Indonesian startups throughout 2020. According to reports, Fintechs in the country have acquired more capital than software-as-a-service… Read More

Fintech JazzyPay Partners Digital Wallet Provider GCash to Offer Cashless Payments Options to Essential Businesses in the Philippines

Fintech firm JazzyPay, which is based in the Philippines, has teamed up with digital wallet provider GCash in order to offer cashless payment options to essential service providers in the country. The GCash payments platform has been integrated into JazzyPay’s PCI DSS Level 1 compliant… Read More

Monetary Authority of Singapore Announces that Non-Bank Financial Institutitions May Access Retail Payments Infrastructure

The Monetary Authority of Singapore (MAS), the nation’s reserve bank and financial regulator, has revealed that eligible non-bank financial institutions (NFIs) will be able to gain direct access to the banking system’s retail payments infrastructure starting from February of next year. NFIs that are authorized to… Read More

Coinbase CEO Expresses Concerns About Potential New Regulations for Self-Hosted Crypto Wallets

Brian Armstrong, Co-founder and CEO at Coinbase, the leading US-based digital asset exchange, notes that this past week, the company heard rumors that the U.S. Treasury and Secretary Mnuchin had been planning to “rush out” some new regulations for self-hosted cryptocurrency wallets  – which would… Read More

Chainalysis Explains Why Authorities Must Look Beyond Direct Counterparties to Understand Risks Associated with Crypto Addresses

Chainalysis, a leading blockchain research firm, says that the best way to assess or determine the risk of a virtual currency address or group of associated addresses (e.g., like a wallet) is to analyze all the other addresses with which it has conducted transactions. According… Read More

Ride Hailing Firm Grab, a Diversified Business that Includes Financial Services, Leads $100 Million Round for Indonesia’s LinkAja

Ride-hailing service Grab, which has diversified its business and includes Grab Financial Services, has reportedly led a $100 million Series B investment round in Indonesia-based e-money institution LinkAja. LinkAja’s digital wallet and merchant services businesses are notably the flagship product of PT Fintek Karya Nusantara… Read More

Digital Wallets are Being Added at an Exponential Rate with PayPal’s Venmo and Square’s Cash App Onboarding Millions of Consumers: Report

Digital or online wallets are adding new users at an exponential rate, according to a recent report from ARK Invest. The report revealed that PayPal’s Venmo and Square’s Cash App have managed to onboard around 60 million users organically in the past 10 and 7… Read More

Southeast Asian Countries are Increasingly Adopting Digital Payments, but Regulatory Issues May Slow Adoption, Fintech Exec Argues

Fady Abdel-Nour, Head of Global M&A and Investments at PayU, a Fintech firm that provides payment technology to online merchants, has noted that regulators in Southeast Asia are working hard to ensure that digital payments are adopted by consumers. Abdel-Nour has pointed out that UPI,… Read More

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