• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Cyber Security

Australia requests new laws for Apple, Google, WeChat digital wallets

by News Desk
August 31, 2021
in Cyber Security, New, Technology
Reading Time: 1 min read
Digital Wallet
Share on FacebookShare on Twitter

The Australian government is thinking about new laws that would fix the guideline of computerized instalment administrations by tech goliaths like Apple and Alphabet’s Google.

Financier Josh Frydenberg said he would “cautiously consider” that and different suggestions from an administration authorized report into whether the instalments framework had stayed up with signs of progress in innovation and changes in purchaser interest.

Administrations like Apple Pay, Google Pay and China’s WeChat Pay, which have filled quickly lately, are not presently assigned as instalment frameworks, putting them outside the administrative framework.

“Eventually, in the event that we don’t do anything to change the current structure, it will be Silicon Valley alone that decides the fate of our instalments framework, a basic piece of our monetary foundation,” Frydenberg said in an assessment piece distributed in the Australian Financial Review paper.

The Bank for International Settlements (BIS) prior to this month called for worldwide monetary guard dogs to earnestly will hold with the developing impact of ‘Huge Tech’, and the enormous measures of information constrained by gatherings like Google, Facebook, Amazon and Alibaba.

The Australian report suggested the public authority be enabled to assign tech organizations as instalment suppliers, explaining the administrative status of advanced wallets

Tags: AlphabetAppleAustraliaGoogleWeChat
News Desk

News Desk

Related Posts

Earthquake Alert: Dutch Scientist Predicts ‘Strong Tremor’ in Pakistan

Earthquake Alert: Dutch Scientist Predicts ‘Strong Tremor’ in Pakistan

A significant earthquake in Pakistan was predicted by the Netherlands-based Solar System Geometry Survey (SSGEOS), which has gained notoriety for...

Pakistan, Saudi Arabia sign MoU in field of information technology

Pakistan, Saudi Arabia sign MoU in field of information technology

Pakistan and Saudi Arabia have signed a Memorandum of Understanding (MoU) in the field of information technology. Federal Minister Umar...

China’s New Mission will also Carry Pakistani Satellite to Moon

China’s New Mission will also Carry Pakistani Satellite to Moon

China is preparing for the launch of the Cheng E6 lunar mission in the first half of 2024. This mission...

iphone 15 over heating

Apple acknowledges iPhone 15 Overheating Complaints, will issue IOS update to Address the Issue

Apple (AAPL.O) on Saturday said it has identified a few issues which can cause new iPhones to run warmer than expected, including...

Marvel of the Digital Age: Understanding the Google Search Engine

Marvel of the Digital Age: Understanding the Google Search Engine

In the vast world of the internet, where information abounds, the presence of search engines is paramount. They serve as...

Here's How to Earn 500,000 Rupees Monthly on Amazon

Here’s How to Earn 500,000 Rupees Monthly on Amazon

In today's digital age, many individuals aspire to attain financial freedom and achieve substantial incomes. One avenue that has gained...

Next Post
Clubhouse

Clubhouse adopts spatial audio to make chats feel more realistic

Please login to join discussion

Recent Posts

  • What Material Is the Cricket World Cup Trophy Made of, and What Is Its Value?
  • What is Nipah Virus
  • Chahat Fateh Ali Khan drops ICC World Cup 2023 song ‘Jeeteingay bai jeeteingay’
  • Pakistan launches health card mobile app
  • Cotton production surges to over 5 million bales

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk