Category: digital payment

Royal Canadian Mint Still Foresees Vital Role as Demand for Coins Inevitably Declines

March 10, 2023
CanadaCashlessdigital paymentloonieRoyal Canadian MintWorld
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Whether they’re rattling around in your car’s cup holder or have vanished permanently into the couch cushions, coins are easy to take for granted. So when the Royal Canadian Mint announced a round of layoffs last month at its Winnipeg facility, it was a reminder that the change jingling in our pockets doesn’t get there…

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British MP Withdraws Amendment That Would Have Stopped Digital Payment Firms Withholding Service Over Political Views

November 8, 2022
Business & MarketsCompaniesdigital paymentMedia & Big TechPayPalUKWorld
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An MP who wanted to make it illegal in the UK for companies like PayPal to demonetise customers for political reasons has removed her amendment, saying that the issue needs to be looked at by the British government in more detail. On Nov. 3, Conservative MP Sally-Ann Hart presented an amendment to the Financial Services…

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French Watchdog Warns of Big Tech’s Sway Over Payment Services

April 29, 2021
digital paymentEuropeTechTech NewsWorld
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PARIS—Digital payment services developed by U.S. tech giants such as Apple and Alphabet’s Google risk reinforcing their market power by giving them greater sway over consumers’ data, France’s antitrust authority said on Thursday. The remarks, part of a 127-page opinion, follow a one-year inquiry into new payment technologies and shine a light on the watchdog’s…

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