Payments

In 2018, CCI had slapped a fine of USD 21 million on Google for “search bias” and abusing its “dominant position”.

People’s Bank of China governor Yi Gang says there’s no timetable for an official launch of the first sovereign digital currency among major economies.

Haryati Lawidjaja has extensive experience in various state-owned enterprises, serving previously as vice president at Telkomsel, and head of marketing at Bank Tabungan Pensiunan Nasional.

The company’s digital payment services have been used by more than one-third of the country’s population.

China’s sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), could be launched later this year.

COVID-19 has forced people to self-isolate, which is making people unlearn old methods and move towards digital payments.

Nium already operates in over 90 countries and will now focus on “vertical expertise” in markets like Europe, India, UK, and the US.

Burger King, Canadian Pizza, Cedele, Da Paolo Group, The Daily Cut, and Tuk Tuk Cha are some of the merchants included in the service.