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Norway's cashless economy drive halted by new cash payment rules

Finextra

Norway's progress to become one of the world's first cashless economy has hit a roadblock under new rules passed by Parliament that oblige shops to accept cash payments alongside other mobile payment and card options.

Rules 134
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Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

The Fintech Times

Following the collapse of Soviet control, Mongolia rapidly transitioned to a free-market economy by 1992, embracing economic reforms that opened the door to global trade and investment. Mongolia is currently classified as a lower-middle-income economy, with a gross domestic product (GDP) per capita exceeding $5,000.

Economy 115
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Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes

Fintech News

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. Growth drivers boosting Vietnam’s digital economy Vietnam’s digital transformation is supported by a number of factors.

Economy 95
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Global Study From Checkout.com Reveals Generation Alpha’s Rising Influence in Digital Economy

Fintech Finance

A global study released today by Checkout.com , a leading global digital payments company, highlights the consumer buying behaviour which is powering today’s digital economy. The post Global Study From Checkout.com Reveals Generation Alpha’s Rising Influence in Digital Economy appeared first on FF News | Fintech Finance.

Economy 96
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New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

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Thunes Unveils QR Code Payments Solution Connecting Global Financial Apps to China’s Cashless Economy

Fintech Finance

According to the Payment System Report, published by the People’s Bank of China, there has been a 25% reduction in ATMs over the past six years, highlighting the accelerating shift toward a cashless economy. Forbes further reports that mobile payments now account for over 85% of all transactions in China.

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Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy

The Fintech Times

In the last five years, Sri Lanka’s economy has struggled greatly. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times. From being one of the strongest markets in South Asia, it has since fallen from grace. Could fintech be the catalyst it needs to see a revival?

Economy 96