Online wallet was accessible via an app, without need for an existing bank account, with payments accepted via smartphone scans in downtown outlets in China's fourth-biggest city, from luxury goods retailers to snack stores

As central banks look at digital currencies, this emerging technology will soon be hard to ignore

Reliance Industries has recently finalised a number of global partnerships and investments, with some more deal in the cards even as markets remain under pressure due to coronavirus and oil prices crash

WhatsApp Pay started as a pilot programme in 2018 wherein a million Indian users participated. Overwhelmed by the response, Facebook is expanding the payments feature to more countries.

Facebook received an overall rating of 4.4 out of 5, compared with 4.5 last year, as employees gave relatively lower ratings for Facebook's senior leadership and work-life balance

Zuckerberg last appeared before Congress in April 2018 when he fielded 10 hours of questions over two days from House and Senate panels on political consulting firm Cambridge Analytica's misuse of Facebook customer data to interfere in the U.S. presidential election.

David Marcus, who heads the Libra project for Facebook, said he was still aiming for a June 2020 launch of Libra, but acknowledged it could miss that target due to regulatory hurdles

JPMorgan had declined to join the project due to concerns the digital currency could be used for criminal activities that would violate money-laundering and sanctions rules

The latest exodus leaves the Libra Association without any remaining major payments companies as members, meaning it can no longer count on a global player to help consumers turn their currency into Libra and facilitate transactions

Zuckerberg is likely to be peppered with critical questions from lawmakers skeptical of Facebook's efforts to help launch a global cryptocurrency called Libra.

A parliamentary panel headed by Congress leader Shashi Tharoor has decided to examine the security and privacy of the citizens' data and review the functioning of the Unique Identification Authority of India (UIDAI), Lok Sabha Secretariat said on Friday

Chidambaram, who is lodged in Tihar Jail under judicial custody, has moved the top court, challenging the September 30 verdict of the Delhi High Court which had dismissed his plea seeking bail in the case.

\"Dunzo will deploy the funds to establish itself as the logistics layer for India, picking up and dropping almost anything and everything a consumer could want to buy and ship while integrating merchants and delivery partners on the platform,\" a statement said

Placing Lakshmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender's merger proposal with Indiabulls Housing, governor Shaktikanta Das said Friday

The Finance Ministry on Friday said the Reserve Bank's decision to lower benchmark lending rate will complement recent measures taken by the government to accelerate growth

The Reserve Bank of India has raised the lending cap for microfinance institutions to Rs 1.25 lakh, against the earlier limit of Rs 1 lakh, to improve credit availability in rural and semi-urban areas

\"I really think that a currency should stay in the hands of countries. I'm not comfortable with the idea of a private group setting up a competing currency. A private company shouldn't be looking to gain power this way,\" Tim Cook says

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