CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking
Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, chair of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As ...
South Korea’s Central Bank and Samsung Collaborate to Test Offline Payments with State Digital Currency
Central Bank of the Republic of Korea together with South Korea's largest electronics manufacturer Samsung will test the possibility of offline payments with the state digital currency. On Monday, May 15, the Central Bank of South Korea (BOK) and Samsung Electronics signe ...