PayPal will become one of the first international companies to gain a payments license in China, after news emerged that the state-owned People’s Bank of China (PBOC) has greenlighted PayPal’s acquisition of a majority stake in local company GoPay. PayPal, through one of its local China-based subsidiaries called Yinbaobao, will acquire a 70% stake in GoPay, according to a statement on GoPay’s website [in Chinese]. The deal is expected to close in Q4 2019. The company’s full statement on the acquisition is below: The People’s Bank of China has approved…
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CredoLab fintech company, new launch in Kenya
Alternative credit scoring fintech company, CredoLab, launched in Kenya recently is lined to drive financial inclusion by credit scoring more people, especially those who are new to bank and credit. CredoLab announced that it is in negotiations with the large financial institutions, digital banks, credit bureaus, consumer lenders and retail operations in Kenya. Michel Massain, Sales for Europe and Africa at CredoLab says, “With the trend in Kenya of banks shifting from traditional banking halls to digital platforms, our alternative credit scoring technology is perfectly timed to help lenders provide…
Read MoreCellulant’s super payments app Tingg unveiled in 8 African countries
Cellulant the African fintech company has Tuesday announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. The pan-African payments firm has been quietly building a payments super app to bring bill payments, remittances, lending, group investments, food and gas orders in one app in its eight markets across Africa. The firm has now announced a major rebrand of…
Read MoreGoogle’s Android Go, a New lightweight alternative for low-end phones.
Google is redesigning its Android Go — a lightweight alternative of its mobile platform design to run faster and smoothly on low-end phones. In a new blog post, the company says apps on Android 10 Go will now launch about 10 percent faster than they did on the older version. This improvement in speed has also made it possible for Google to include a new form of encryption for Go users without compromising overall performance. The Big G also boasts a series of new features for its lineup of Go…
Read MoreCybercrime Report Tracks New Growing Threat of Networked Cybercrime
LexisNexis® Risk Solutions today released at the Digital Identity Summit its Cybercrime Report providing a comprehensive view into the shifting global fraud landscape from January 2019 through June 2019. During this period, the LexisNexis® Digital Identity Network® recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 2018. The report highlights a shift toward networked, cross-organizational and cross-industry fraud, and gives insight into the evolution of bot attacks targeting new accounts in media and e-commerce. Key Findings from the LexisNexis Risk…
Read MoreNew Tesla Entry App Malfunction Locks Out Car Owners
Some Tesla owners reported being locked out of their vehicles on Monday evening because the electric car’s app was down. The problem is, app connectivity shouldn’t have any effect on unlocking a Tesla. Downdetector, a tracker for users to report technical difficulties with web-based services, also showed that many users were having trouble with Tesla’s app. @Tesla your server is down for maintenance and we’re locked out of the car. What’s your ETA? — Melissa Chan (@melissachanhk) September 2, 2019 On Monday, numerous drivers found their apps were down “for maintenance”…
Read MoreIntel unveils Nervana its first ever New AI-driven neural network chip
San Francisco: Intel has unveiled its first high-performance Artificial Intelligence (AI)-driven neural network chip “Nervana neural network” to meet the growing high-speed computing and robotics demand. The chip-maker showcased the Nervana neural network processors, with the NNP-T for training and the NNP-I for inference at the “Hot Chips 2019” conference at Stanford University in California on Tuesday. “To get to a future state of ‘AI everywhere,’ we’ll need to address the crush of data being generated and ensure enterprises are empowered to make efficient use of their data, processing it…
Read MoreApple Card just quietly launched, takes a new approach to credit cards use
Last week, Apple Card was launched, a new product that just might make the tech firm a lot of money. However there wasn’t much elation and ululation. This is because, anyone who put their name down to get Apple notifications likely got a highly personalized invitation about the product. To celebrate the launch, Apple didn’t release an expensive ad featuring exited customers, rather, Apple’s YouTube page was filled with explanatory videos. The Card is Apple’s different approach to credit cards use, statements are handled, and rewards are redeemed, without any…
Read MoreInstagram new yanks on Hyp3r off its systems
Hyp3r was scraping profiles, copying photos and siphoning off data supposed to be deleted after 24 hours, according to a Business Insider investigation. Instagram said Hyp3r had “violated” its policies and had been sent legal papers telling it to stop collecting data. Hyp3r said it complied with privacy regulations and the terms of service for the social networks it targeted. Business Insider said Instagram’s owner, Facebook, should have been more diligent about preventing data grabbing in the wake of the Cambridge Analytica scandal. The investigation claimed Hyp3r had been “stitching”…
Read MoreMeet Google’s new Gallery Go, an offline, lightweight alternative to Google Photos
Gallery Go is a new app from Google designed to let people with unreliable internet connections organize and edit their photos. Like Google’s regular Photos app it uses machine learning to organize your photos. You can also use it to auto-enhance your pictures and apply filters. The difference is that Gallery Go is designed to work offline, and takes up just 10MB of space on your phone. Gallery Go is just the latest lightweight version of an app designed for developing markets like Nigeria, where Google announced the new app.…
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