The company said it would invest 500 million rupees ($6.6 million) in the centre and hire more than 100 engineers with expertise in blockchain

“We’re making significant investments ... that will pay off in the long term,” she said, referring to the metaverse, and signalling a short-term slowdown

The $2 million funding will help Iimmpact allow companies to launch digital payment products such as phone top-ups and vouchers

Bank reports a half-year profit of A$4.7 billion, announces an interim dividend of A$1.75 per share

Payments involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements rose 16.2% over 2021

Industry pundits believe the move would make PayPal potentially lose customers and allow other competitors to step in

For every 100-rupee note, the cost works out to be 15-17% on each tender in its four-year life cycle, the report said citing a market estimate

The decision, Indian media reported, is based on a preliminary internal investigation of the Paytm rival that has yielded indications of financial fraud

The bank said it wrote off 16.62 billion rupees, which included loans in consumer and microfinance portfolios

While Bank of Japan has made no decision yet on own digital currency, it is proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda said

The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital

The debut follows the official launch of Scotch & Soda’s first digital store on Tmall in China last autumn