The U.S. Patent office on Friday published a Visa patent application to create a technology gateway that could allow central bank currencies for any nation to be digitized.

The partnership will allow Wave Money to leverage Ant Group's experience in building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings.

Online payments have been slow to take off in the Philippines, where cash has long been king.

The body will try to influence the EU laws for the payments industry.

Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.

In a statement, JazzCash owner Veon, said in addition to an opportunity to widen access to digital payments, the partnership would improve financial inclusion during the COVID-19 pandemic.

Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.

Globally, consumers accessed finance apps over a trillion times in 2019. The trend is likely to accelerate, making digital-only the new norm for financial services.

JCB Co Ltd (JCB) is leveraging Asia’s leading fintech player, Soft Space Sdn Bhd’s (Soft Space) technological expertise to develop the Tap on Mobile program that capitalizes on Android smartphones.