A Hong Kong start-up has sought to overcome taxi drivers’ long-standing reluctance to embrace digital payments by launching an e-payment system offering various fare settlement options alongside a ride-hailing app. Jason Ma Siu-cheong, 37, founded the start-up Dash in 2021. It is the latest company aiming to persuade Hong Kong’s taxi drivers to abandon their…
Digital wallets are on track to become the dominant payment method in Hong Kong by 2030, accounting for nearly half of all online and in-store transactions, marking a significant shift away from traditional credit card payments, according to a new report. Digital wallets – typically smartphone-enabled payment systems run by technology companies such as Google…
(CNN) – Zelle shut down its standalone app Tuesday. However, the popular person-to-person money transferring service itself is not going away. Zelle warned of the shutdown last year. Zelle said it is shutting down its payment app.(MGN | MGN Image (Credit)) It explained only 2% of transactions happen on its app. It said a vast…
Featuring a mix of electric six-seater, wheelchair-accessible, and hybrid vehicles, a fleet of around 200 premium taxis with a dedicated hailing app took to the streets Monday evening, although passengers need to pre-order an hour in advance during the trial period. The app for the new premium taxi platform and fleet “JOIE” officially became available…
Capitol Hill Republicans are looking to scrap a pair of major consumer protection rules as they seek to roll back some of the Biden administration’s last-minute regulatory moves. Last week, GOP leaders took their first step toward nixing a $5 cap on bank overdraft fees, which had provoked furious opposition and a legal challenge from…
In alignment with the Central Bank of Egypt’s (CBE) vision to transition towards a less-cash society and promote the adoption of electronic payments, the CBE has introduced payment card tokenization on mobile applications, with the successful activation of Apple Pay as the first phase. This milestone represents a significant step in encouraging Egyptian citizens to…