New York’s OCC Fintech Charter Lawsuit is Dismissed

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New York’s OCC Fintech Charter Lawsuit is Dismissed
As previously reported, last December saw the first public announcement from the Office of the Comptroller of the Currency (OCC) regarding the intent to begin accepting special purpose bank charter applications from fintech organizations. And since then, the response has been a mixed one. Most recently, a New York Department of Financial Services (DFS) lawsuit has been dismissed based largely on a “perceived lack of threat to the DFS’ own regulatory powers.”

PFs Weigh in on India’s Latest Attempts to Boost Digital Transactions

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PFs Weigh in on India’s Latest Attempts to Boost Digital Transactions
As the government of India has pursued its vision of a cashless society, it has adopted policies intended to help stakeholders shift to digital payments. Most recently, it’s been tinkering with the economics of digital transactions, looking for that elusive sweet spot where the parties – retailers and banks alike – are incentivized to help drive the transition.

Maybank Uses QR codes to Facilitate Cashless Payments; PayU Nigeria Launches PayU Receive: News Roundup

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Maybank Uses QR codes to Facilitate Cashless Payments; PayU Nigeria Launches PayU Receive: News Roundup
Maybank uses QR codes to facilitate cashless payments while iSalonSoftware partners with Cardstream to offer SalonPay. Go-Jek attempts to level the playing field with Uber and Grab and PayU Nigeria launches PayU Receive.

Here’s your weekly news roundup!

Mobikwik and Paytm Target Commuters; UnionPay App Spars with Alibaba and Tencent: News Roundup

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Mobikwik and Paytm Target Commuters; UnionPay App Spars with Alibaba and Tencent: News Roundup
Malaysia is going mobile while Mobikwik and Paytm are targeting commuters. UnionPay spars with Alibaba and Tencent in mobile fight and HealthiPASS raised $7.2 million for expansion efforts.