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NPCI’s New Third-Party Payments Growth Cap Will Impact Google, Walmart

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NCPI, which operates the country’s popular UPI (Unified Payments Interface) system, said on Thursday (Nov. 5) that it will be capping the amount of UPI transactions any single payments app can handle in a month to 30 percent of the total. Not surprisingly, executives at the American tech giants aren’t exactly thrilled with the cap.

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Chinese Big Tech Value Plummets $280B Amid Regulatory Issues

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Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. Last Monday (Nov. Hong Kong shares of Alibaba dropped 9.8 percent. “The

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China’s Ant IPO Suspension Likely Came From Top

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Explaining the move to puzzled investors on Wednesday (Nov. Chinese regulators are also growing concerned about the breakneck growth of Ant Group’s lending business. A collective $2.7 trillion was chasing the Ant Group IPO, with retail bids coming in at 870 times over the value of the shares on offer, according to the news outlet.

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Developing Markets See Paycard Acceptance Boom

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The company revealed its “Global Payment Cards Data and Forecasts to 2021” report Wednesday (Nov. According to the report, regulations, combined with FinTech innovation, are accelerating payment card adoption in these markets. Financial reform led by local regulators is playing a key role in the trend, RBR concluded.

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Fed To Wells: Reform Or Remain Static On Growth

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Senator Elizabeth Warren on Nov. We do not intend to lift the asset cap until remedies to these issues have been adopted and implemented to our satisfaction,” Powell wrote. Previously, Wells Fargo said it expects the assets cap lifted by the first half of 2019. 28 and outlined his views and decisions on the bank. “We

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Bitcoin Tracker: Up, Up And Away?

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The bitcoin market cap was over $18.5 The cryptocurrency’s maximum value, reached on Nov. In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation.

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FCC Calls Out AT&T On Unfair Practices

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On Thursday (Nov. AT&T ‘s “zero rating” practice ensures that, when customers use its own streaming video service, it will not count against data usage caps, but all other content that’s streamed by the consumer is still counted.

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