Tag: Facebook

The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.

Uber has taken another step into the FinTech space by entering into a card-issuing partnership with Marqeta.

Indian regulators has given WhatsApp a thumbs up, allowing the Facebook-owned app to operate as a payment service in the country.

Companies like Amazon, Google and Facebook have taken steps into the financial industry, but now a French minister is urging FinTechs to stand their ground.

Andrew Bailey, governor at the Bank of England, has called on financial regulators to stop playing catch up in how they supervise digital payments methods such as stablecoin and cryptocurrencies.

The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.

Competition Commission of India (CCI) has dismissed a case accusing WhatsApp of abusing its market dominance in the payment space.

Big tech firms already control what people watch, buy and find online. Now, some of them are trying the waters of FinTech.

WhatsApp rolled out its mobile payment services in Brazil last week, but has already been suspended by the central bank.

As Covid-19 forces more people to look for cashless alternatives, Mastercard and Facebook have inked a deal that offers a new way to send money digitally.