According to five sources familiar with Indonesia’s move, Jakarta plans on imposing fixed fees on select e-wallet transactions. The move could potential choke key revenue streams and raise costs for payment startups. Providers of e-wallet services in Indonesia, Southeast Asia’s largest economy, currently customize fees for vendors: while they charge a premium from big retailers…
In a statement, Microsoft Corp disclosed, a hacking group called “Thallium” has taken control of web domains to steal nuclear related data. In a blog post, Microsoft stated, Thallium, believed to be operating from North Korea, targeted government employees, university staff members, think tanks, and individuals working on nuclear proliferation issues, among others. Most of…
Vodafone Hutchison has teamed up with Nokia to construct the high-speed 5G mobile network in Australia. The mobile service provider will be supplied with the telecommunication equipment for the new network by Nokia with the plans or phasing out the use of equipment from the banned Chinese telecom giant Huawei from a number of parts…
The ride-hailing company Grab has decided to get in to the business of digital banking and it has announced that it will be applying for a digital full bank license in Singapore in partnership with the country’s major telecommunication services providers, Singtel. According to a joint statement of the companies, the new consortium that would…
This holiday season has been another record-setter for Amazon, said that largest e-commerce company of the world. The year has also been a good one for the overall retail sector in the United States which indicated that the economic growth of the US economy still is still set to continue for some more time. The…
The international military equipment market is sizzling, with rearmament phases occurring in many countries, and constant increases in technological capacities. But military potential is not limited to industrial capacity to build equipment, as industries also need to develop their capacity to sell their products. Local partnerships, so far, seem the best way to guarantee the…
The announcement of a leadership shuffle at the arts and crafts retailer Michaels saw its shares rise by more than 32 per cent. The company has announced the appointment of Walmart executive Ashley Buchanan as a replacement for its new CEO Mark Cosby. The company said that while Cosby will stay on through April 1…
The German auto giant and the largest car maker of the world Volkswagen is set to achieve production of its millionth battery electric vehicle two years before the time that the company had set for itself, according to the forecasts of the company. Analysts said that this was a clear evidence of the positive result…
The deal for purchasing a stake in the British food delivery company Deliveroo by the United State based e-commerce giant Amazon will face an in-depth investigation by competition regulators in the United Kingdom. The Competition and Markets Authority (CMA) had said this month that the Amazon-Deliveroo deal could harm British consumers. However despite the comment…
Hundreds of crypto-currency related channels have been reinstated by YouTube after the social media platform admitted that those channels had been removed “in error”. Earlier this week, notifications about their videos have breached of the social media platform’s terms of service were received by a large number of YouTubers. Apparently, this move by the company…
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