The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.
Square, digital payments company, continues buying and selling Bitcoin. Experts believe that one day the firm could launch a cryptocurrency exchange.
Apple and Square join efforts to educate users across the nation about the value of mobile payments.
One of the major online payments providers has integrated a new option allowing customers to keep cash in their accounts.
Now the device can be purchased both online through Square’s web site and in retail stores.
Abe Hagensten, named “Honest Abe”, is claimed to be the only guy in America accepting donations with his cellphone.
The following list of the globe’s 10 most valued unicorns shows the huge potential of the fintech industry which is gaining recognition from one of the leading investors.
London-based digital currency firm Plutus brings a new Bitcoin app to the cryptocurrency world. The smartphone application will permit to pay with BTC at any Near-Field Communication enabled payment terminal.
First 100 local business owners have already got Square readers.
FinTech or Financial technology is a line of business based on using software to provide financial services. FinTech companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.
The nascent financial technology industry has seen rapid growth over the last few years. Nearly all the major banks and financial services firms are either actively incubating or facilitating the development of startups and their technology in the FinTech space.
Square is opening its new service which enables businesses to receive payments from customers and fans for a 1.5% fee per transaction.
It’s getting much easier for consumers to buy and spend bitcoins. Additionally enterpreneures are offering new technology for customers to store and buy bitcoin, send money to your friends or do online shopping.