WhatsApp approved for launching digital payment services in India

In a significant development that sees Facebook gaining entry into India’s booming digital payment space, WhatsApp has been granted approval to role its payments service in India. WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe. Menlo Park,…

Britain to draft regulations overseeing environmental impact of food chain on tropical forests

In a significant development, food manufacturers, supermarkets, and restaurant chains are coming under pressure from campaigners over the environmental impact the food chain is having on tropical forests midst calls to strengthen a plan to stop logging of trees in tropical forests to grow cocoa, palm oil and soy. With the food industry coming under…

Germany to allow Huawei to bid for developing 5G network

New rules drafted for Germany allows a level playing field for all telecom equipment vendors. On Monday, in a significant development, Germany has finalized rules to build its 5G mobile networks which does not exclude China’s Huawei Technologies. German government officials have confirmed that Germany’s security catalogue foresaw an evaluation of technical and other criteria…

Facebook ramps up its rules for U.S. political advertisers ahead of U.S. presidential elections

With social media increasingly playing a pivotal role during elections, Facebook is ramping up efforts to uncloak U.S. political advertisers. Ahead of the U.S. president elections in November 2020, Facebook Inc has begun tightening its political ad rules in the United States, said the social media giant on Wednesday. The new disclosures rules are applicable…

Google and Facebook databases reveal ad spending strategy

Political intelligence gathered from the databases of social media giants are the new tools for campaign strategists. In a first public view of how U.S. technology companies, including Google and Facebook, are yanking advertisements that break their online political ads rules. The duo also provided unprecedented insight into opponents’ online marketing, enabling them to capitalize…

Thailand to issues rules surrounding cryptocurrencies by June 30, 2018

Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…

Community Financial Services Association of America aiming to promote predatory loans

Mick Mulvaney, U.S. President Donald Trump’s pick to lead the CFPB intends to invalidate the payday rule asap. In a significant development, a leading trade group for small-dollar lenders has asked a federal court to block rules that are meant to shield consumers from predatory loans. As per rules issued in November 2017 by the…

Sony Corp joins the stream of competition vying for dominance in Japan’s ride hailing market

Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…