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NEWS HIGHLIGHT
Amazon will now allow customers to make payments through Venmo on its platform. The company said this option will be available to select customers starting today and will roll out to all U.S.-based users on the Amazon site and mobile app by Black Friday next month. Link here
INSIGHTS
Rishi Sunak becoming PM is good for crypto & FinTech. During his time as finance minister under former Johnson, Sunak announced he wanted to turn the UK into a ‘global hub for crypto’. He helped usher in the Financial Services and Markets Bill, currently making its way through Parliament. Link here
Nearly 60% of digital consumers in Vietnam use fintech solutions. Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking. Link here
Nigerians shun the eNaira. A year after launching Africa’s first digital currency, Nigeria’s central bank is turning to the nation’s three-wheeler taxi operators to speed the adoption of the eNaira, as regulators across the world scrutinise its every move. Link here