Tag: Digital Payments
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Survey Finds DPI Could Unlock Africa’s Next-Gen Entrepreneurs
New DPI Survey Points to a Path for Africa’s Entrepreneurial Renaissance A recent DPI survey spanning six African markets reveals a compelling link between secure digital payment ecosystems, robust digital identification, and the ease of starting and growing small businesses. The research suggests that when individuals can prove who they are and move money securely,…
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Survey Finds DPI Could Unlock Africa’s Next Generation of Entrepreneurs
Overview: A Data-Driven Path to Entrepreneurial Growth A landmark survey from the Digital Productivity Initiative (DPI) highlights the potential for a more inclusive and vibrant entrepreneurial landscape across Africa. Examining six diverse markets, the study reveals that secure digital payment rails and robust identity systems could dramatically lower the barriers to starting and scaling small…
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DPI Could Unlock Africa’s Next Generation of Entrepreneurs, Survey Finds
New evidence points to DPI as a catalyst for Africa’s entrepreneurial boom Leaders across six African markets are being urged to accelerate the adoption of digital public infrastructure (DPI) after a comprehensive survey found that secure digital payment and identification systems could dramatically power trade, reduce startup barriers, and help small ventures scale. The study,…
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Singapore Man Charged Over Fake PayNow Screenshot Used to Buy S$3,599 Laptop at IT Show
Overview A 34-year-old Singaporean man was charged with cheating after allegedly using a forged PayNow screenshot to buy a high-priced laptop at an IT show. The incident occurred during The Tech Show 2025 at Suntec Singapore Convention & Exhibition Centre, where technology enthusiasts gathered for hands-on demos and new releases. What Happened Prosecutors allege that…
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Fake PayNow Screenshot: Man Charged After IT Show Laptop Purchase
Summary of the Incident A 34-year-old Singaporean man, Andrew Lim Zi Kai, has been charged with cheating after allegedly using a fake PayNow screenshot to purchase a laptop valued at S$3,599 during The Tech Show 2025 at Suntec Singapore Convention & Exhibition Centre. The incident, which unfolded at a major technology exhibition, has drawn attention…
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Penny Shortage: Why US Retailers Are Running Out of Pennies
Overview: The Growing Penny Shortage In recent months, an unusual scarcity has emerged in American storefronts: pennies. Following a policy shift that paused the minting of the one-cent coin, many retailers report dwindling supplies of the humble cent. While pennies in pockets and drawers are still legal tender, the limited minting and reduced circulation have…
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Pennies Run Dry: How US Retailers Are Coping as One-Cent Coins Fade Away
The Penny Shortage and What It Means for US Retailers When the Trump administration halted the minting of one-cent coins earlier this year, the consequence wasn’t just a curious financial policy footnote. It set off a chain reaction through wallets, tills, and daily transactions. As the remaining pennies dwindle from circulation, retailers across the United…
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny: Surcharges by Merchants Prohibited, Says DPM Gan
Overview: The PayNow Surcharge Question Singapore’s PayNow system, widely used by retailers and service providers, is governed by strict rules that prohibit merchants from imposing surcharges on customers for PayNow transactions. Yet, questions have arisen over a 10-cent fee charged by Singapore Pools for each PayNow transaction, including bets and prize claims. The issue has…
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny as Surcharges on PayNow Remain Prohibited
Singapore Pools’ PayNow Fee Draws Paraty Attention From Government and Public Singapore’s PayNow system is meant to offer a convenient, cost-free way for consumers to pay merchants using bank transfers. The key rule, however, is clear: merchants are not allowed to impose surcharges on customers for PayNow payments. Yet the issue of a 10-cent fee…
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3-Hour Cheque Clearance Takes Off: RBI Pilot and Banks’ Next-Day Rollout
What is the 3-Hour Cheque Clearance? India’s financial system is moving toward speeding up how quickly cheques are converted into cash. The Reserve Bank of India (RBI) has announced a framework aimed at clearing cheques within about three hours. In parallel, private lenders have signaled support for faster processing. The combination could reduce the traditional…