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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. million POS machines in the market.

National 300
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The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

This launched the age of neural networks starting around 2006 and lasting about a decade. Credit bureaus , which were very localized at the time, began expanding to a more national footprint. Expanding these bureaus nationally enabled standardization in credit assessments.

Lending 221
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TCC Group Bids For Tesco’s Asia Stores

PYMNTS

The grocer has been decreasing its international presence to home in on its local market, where it is engaged in a price war with eCommerce rivals and discount supermarkets. Tesco Lotus now has approximately 2,000 store locations in operation in the nation.

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Sales Of Existing US Residences Hit Record High In 2020

PYMNTS

The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according to a press release. Seven in 10 residences sold in December 2020 were on the market for under one month. “To

US 147
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How Facebook Unfriends Ad Fraudsters

PYMNTS

Digital fraud is particularly threatening in Southeast Asia, despite the fact that the Association of Southeast Asian Nations’ (ASEAN) eCommerce market is projected to exceed $200 billion in value by 2025. This is the first year-over-year (YoY) decline in card fraud since AusPayNet first reported this statistic in 2006.

Fraud 158
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Red Envelopes, Fortnite And The Rise Of Micro Money Laundering

PYMNTS

The country’s holiday tradition of people giving red envelopes stuffed with cash has — as befits a nation where consumers have embraced mobile payments and commerce more than just about anywhere else — turned digital. A demonstration of that truth came around again recently with the observance of the Chinese New Year in early February.

Examples 194
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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos

PYMNTS

The public market for cannabis is off by over 40 percent, even with the space’s blazing forecast and enthusiastic quarterly reports. Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ , “The capital markets have dried up.” Cannabis Firms See Share Prices Nosedive.

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