BUENOS AIRES (Reuters) – Financial policymakers from the world’s top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage.
Legitimate and large-scale cryptocurrency mining operations often invest in dedicated hardware and electric consumption to make a profit. This doesn’t escape the attention of cybercriminals
PLAYERS in the e-commerce and financial technology (fintech) community urged small and medium entrepreneurs to let go of the “can’t do attitude” when it comes to adopting e-commerce, and see how this new way of doing business can support their growth.
The e-commerce industry in the country is seeing an explosive growth as more Filipinos depend on online shopping for their daily needs, the head of e-logistics provider Entrego said Friday.
The Philippines’ e-commerce gross merchandise value (GMV) could surge to $10 billion a year, padding the profits of Alibaba-backed Lazada and Shopee, both of which dominate the nation’s B2C marketplace. Rapid proliferation of online purchases is likely to support a regulatory push to convert 20% of the country’s retail transactions to digital.
THE Department of Trade and Industry (DTI) wants legislators to pass a law regulating the operations of e-commerce sites and imposing stiffer penalties on consumer rights violations.
E-commerce has been the most dynamic segment of the Internet economy in ASEAN over the past three years. The value of e-commerce rose four-fold, from $5.5 billion in 2015 to more than $23 billion in 2018.
WHILE the local digital economy is expected to balloon to $25 billion by 2025, the Philippines stands to be the nation with the smallest digital economy among six countries in the Southeast Asian region, according to a study conducted by Temasek and Google.
Called the Regulatory Pilot Space (RPS), the initiative was conceived to drive the region’s digital economy by giving businesses certainty that the handling of data across borders complies with the ASEAN Framework on Personal Data Protection.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said 30 percent of the payments transactions in the Philippines are now digital or electronics-based, way ahead of the target of achieving at least a 20 percent cash-less payments by 2020.
Following the country’s ongoing digital transformation program, the BSP has launched digital payment systems namely ‘eGov Pay’ and ‘QR PH’, to expand its digital capabilities.
Digital payments surged by 33 percent to breach the P1 trillion level from January to September on the back of enabling regulatory environment, rising number of providers and aggressive marketing
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is ramping up efforts to achieve a cash-lite economy as it pursues an interoperable QR (quick response) code in Southeast Asia.
SARS was a turning point for China’s two online retail leaders, Alibaba and JD.com Here is how they navigated the crisis, what it meant for them, and what it might mean for ecommerce in China today.
Since launching in 2017, ePlane has built a base of about 3,500 companies that buy and sell aircraft engines and parts through the online portal, CEO Gideon Shmuel says.