Telenor Microfinance Bank Granted Preliminary Approval for Digital Retail Bank Launch

Telenor Microfinance Bank Granted Preliminary Approval for Digital Retail Bank Launch

Telenor Microfinance Bank, the operator behind Pakistan’s foremost digital financial services platform, easypaisa, has secured an In-Principle Approval (IPA) for a Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) within the Licensing and Regulatory Framework for Digital Banks. This significant accomplishment positions TMB as a digital bank ready to provide a…

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PhonePe Challenges Google with Zero-Fee App Store Launch in India

PhonePe’s Indus AppStore Developer Platform was unveiled on Saturday, marking a significant challenge to Google’s dominance in India. The Walmart-backed fintech firm is offering Android developers a compelling proposition with zero platform fees and no commissions on in-app purchases. Based in Bengaluru, PhonePe boasts an impressive user base of over 450 million registered users for…

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Google Agrees to $93 Million Settlement for Location-Privacy Practices

In order to resolve California Attorney General Rob Bonta’s claims that Google’s location-privacy practices broke California’s consumer protection laws, Google has agreed to pay $93 million. In order to resolve California Attorney General Rob Bonta’s claims that Google’s location-privacy practices broke California’s consumer protection laws, Google has agreed to pay $93 million. Google was accused by the California Department of Justice of “collecting, storing, and using their location data” for consumer advertising without their knowledge or consent.

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