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LONDON: Banks are set to miss out on as much as US$280bil in revenue from their payments operations by 2025, as new start-ups muscle in and more of the business of sending money to individuals and companies becomes instant and free, according to a new report.
BRUSSELS (Reuters) - The European Union is seeking new ways to widen use of the euro and counter the dollar's global dominance, top EU officials said on Thursday, as the bloc tries to salvage Iran's nuclear deal by helping companies bypass U.S. sanctions.
KUALA LUMPUR: CIMB Group Holdings Bhd and Ripple Labs Inc, a US-based technology company, have entered into a strategic collaboration to enable instant cross-border payments across its various markets.
KUALA LUMPUR: CIMB Group Bhd and blockchain developer Ripple have teamed up to enable instant cross border payments across its various markets.
When Michael O'Neil tried to pay the company that inspected the condo he bought last summer, he had no idea there was a company on the East Coast with a nearly identical name and an email address that differed by just four letters – until he sent US$360 (RM1,505) to the wrong business.
ONE company operating in the upstream oil and gas sector that has been doing surprisingly well is Serba Dinamik Holdings Bhd.
FLORIDA: ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s Real-time Retail Payments Platform (RPP) using ACI’s UP Immediate Payments solution.
By the end of December some US bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Venmo.
Depositors at some of the largest US banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone.
BEING strapped for cash at a i>pasar malam /i>is embarrassing, but it can happen to the best of us and it wont be a great day for the shop vendors either.