WEEKLY FACTS – Week 1
Every day, ADN'ews analyses the latest innovations and news on financial services and international payment. Focus on announcements that should not be missed this week and that outline major trends in the sector.
Instant transfers are now free
On 26 February, the EU Council Adopted the regulation on the instant transfer. The text should then simplify the use of the instant payment and extend to the entire euro area. In particular, a harmonization of pricing in order to push banking institutions to offer instant transfers (SCTInst) not overbilled, as well as traditional SCT (SEPA Credit Transfer) transfers, free of charge. Today it is done.
BBVA evaluates AI bias
Strongly committed to the deployment of the latest artificial intelligence technologies in banking services and processes, the Spanish bank BBVA partnered with IBM Research to test artificial intelligence, in particular, to measure the impact of biases and distorted results on discrimination.
WhatsApp Pay now opens to all Indian users
The end of 2024 was marked by an important step towards the democratisation of Scriptural means of payment in India, with the lifting of restrictions on WhatsApp Pay. The payment service integrated with the Meta Group WhatsApp email application uses the interface UPI (Unified Payments Interface), the interbank system designed to facilitate digital payments in the country. So far limited in terms of users, the service has just been lifted.
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