(June 18): Cash has become an endangered species in China, where everything from a luxury purchase to a kindly donation may be transacted via mobile payment.
But in Hong Kong, where consumers have enjoyed cashless payment since the early 1990s – courtesy of the Octopus card – the take-up of e-wallets is significantly lower.
Based on its consumer insights, global measurement and data analytics company Nielsen believes there are three key reasons why.
Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.
WASHINGTON: The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud.