December 4, 2024
Headlines

China

Tencent’s Weixin Palm Scan Payments System Revolutionizes Transactions in China – Fintech News Pakistan

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A New Era of Payment TechnologyChina has witnessed a transformative leap in payment systems with the launch of Weixin Palm Payment, a cutting-edge hand-scanning technology developed by Tencent. This innovative solution simplifies daily transactions, allowing commuters to access subways and employees to enter office buildings with a quick palm scan. Introduced in May 2023 and officially launched…

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Chinese E-Retailer Temu to be investigated by EU Tech Regulators over Sale of illegal Products – Fintech News Pakistan

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BRUSSELS — Chinese online retailer Temu is under investigation by European Union regulators over potential breaches of the EU’s Digital Services Act (DSA), which seeks to prevent the sale of illegal products and safeguard consumers, officials announced Tuesday. If found in violation, Temu could face fines up to 6% of its global revenue. The European Commission’s investigation will…

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Shanghai-based FinVolution Group Launches Daira, a New Fintech Platform in Pakistan – Fintech News Pakistan

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FinVolution Group Launches Daira, a New Fintech Platform in Pakistan, Marking a Milestone in Global Expansion ISLAMABAD, October 10, 2024 – FinVolution Group (NYSE: FINV), a leading fintech company, has officially launched its latest digital financial platform, Daira, in Pakistan. The launch, held in Islamabad on October 10, 2024, marks a pivotal step in the…

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NETSOL Technologies Secures $30 Million Contract Extension with Major Automaker in China – Fintech News Pakistan

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September 10, 2024 – Calabasas, California – NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in delivering innovative solutions for the asset finance and leasing industry, has announced a significant new agreement with a longstanding customer and major automaker to support their operations in China. The five-year contract extension, valued at over $30 million, marks…

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