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...It has also invested more than £10bn in Project Clover, it said, which is the name of its effort to transfer user data to secure sites in Europe for storage....
...A version of this article was first published by Nikkei Asia on January 4. ©2023 Nikkei Inc. All rights reserved....
...On top of facilitating merchant payments, WhatsApp has also begun rolling out features to enable money transfers between individuals, known as peer-to-peer payments, in recent years in markets including...
...patrick.jenkins@ft.com...
...An asset-heavier business means higher barriers to entry, and can help transfer dominance from one part of the chain to another....
...Meanwhile, Dropbox, the file-storage company, has declared itself a “Virtual First” company: employees are expected to spend 90 per cent of their time away from the office....
...Data storage would also be affected. Under the draft, internet platforms must keep data inside Vietnam and not transfer it across borders without approval....
...The US has stepped up its campaign to limit technology transfer to China....
...A version of this article was first published by Nikkei Asia on December 15, 2021. ©2021 Nikkei Inc....
...The Unified Payments Interface, a mobile money network that allows instant bank-to-bank transfers, was launched by the central bank that same year....
...The NPCI’s Unified Payments Interface mobile money network allows cheap, instant transfers across bank accounts without cards....
...Tech week ahead The British tech entrepreneur Mike Lynch will this week begin his fight against extradition to the US, in the biggest test yet of whether British courts are willing to block the transfer...
...Escobar Inc claims that Klarna is withholding €400,000 of cash relating to Escobar-branded mobile phones, and says that legal action could delay the company’s IPO....
...Additional reporting by Patrick Jenkins, Martin Arnold and Philip Stafford in London...
...For now, the only application that Apple has described for the U1 chip is AirDrop wireless file transfers....
...It is one of several new companies in the space — rivals include Germany’s Mambu, Ireland’s Leveris and in the UK 10x Future Technologies, led by ex-Barclays chief Antony Jenkins....
...And we also do not know whether both the chairman and chief executive roles will transfer....
...Bankers consider chance of UniCredit and SocGen merger Europe’s “FIG” bankers — the financial institutions group specialists of the M&A world — were licking their lips this week, writes Patrick Jenkins....
...GDPR imposes tough rules concerning the processing and storage of personal data — any information that can be used to identify an individual....
...The cargo will replenish storage facilities depleted by a record winter cold spell....
...The team clawed its way back into the top flight of English football earlier this year, but Mr Ashley has warned that he lacks the money to splurge on expensive players when the transfer window opens in...
...In a move aimed at luring away Walmart’s core base of lower income customers, Amazon said those who currently have a valid Electronic Benefits Transfer (EBT) card – or food stamps – can sign up for Prime...
...The terms instead involve a large ongoing income transfer. So large, in fact, that the way he plans to afford it is by expanding the business — and his profit stream....
...In a move aimed at luring away Walmart’s core base of lower income customers, Amazon said those who currently have a valid Electronic Benefits Transfer (EBT) card — or food stamps — can sign up for Prime...
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