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Google Tez hits over 7.5m users in 5 weeks
Google has made several announcements around Google Tez, the payments app that the search giant had launched in India last month. Based on Unified Payments Interface (UPI), the NPCI’s payments platform for the country, the Google Tez app leverages bank accounts for payments. CEO Sundar Pichai revealed that Google Tez already has over 7.5 million users in the five weeks since [...]
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Real time payments: Towards speed and transparency
While payments might seem ‘instant’ to those engaged in the transaction, the reality is, apart from cash, they are generally not. Real time clearing is what happens when you hand over a bank note. It is generally not the case when you make a card, mobile or internet payment. These take time to process, as [...]
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Bitcoin thieves are back – CryptoShuffler Trojan hunt for users’ cryptosavings
Kaspersky Lab researchers have discovered a new malware, CryptoShuffler Trojan, which steals cryptocurrencies from a user’s wallet by replacing their address with its own in the device’s clipboard. Criminals are targeting popular cryptocurrencies such as Bitcoin, Ethereum, Zcash, Dash, Monero and others. Indeed, criminals have already succeeded with bitcoin wallets, earning almost £105,923 overall, according to [...]
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The World’s most cashless countries – Infographic
A new study has found the countries among the 20 largest economies who are adapting quickest to using cashless systems like phones and contactless cards – revealing that Canada narrowly edges out Sweden for the top position. Investigating twenty of the world’s most significant markets, the study looks into contactless card saturation, number of debit [...]
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Fraud Report 2017
The global e-commerce market continues to grow rapidly, and is predicted to be worth $2.4 trillion by 2019. As a result, the market continues to attract not merely ever-greater levels of fraud, but different and ever-more sophisticated types of fraud, too. The challenge it presents to merchants, which has always been large, is now greater [...]
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