Digital wallets are now likely used by more than half of UK adults
LONDON - British regulators said on Monday they were looking into the soaring use of digital wallets offered by Big Tech firms, including whether there are any competition, consumer protection or market integrity concerns.
and have become "an increasingly important touchpoint" between Big Tech companies and UK consumers, they said in a statement. Nikhil Rathi, the FCA's chief executive, said the growth of digital wallets represented a "seismic shift" in how people pay and regulators wanted to maximise the opportunities while "protecting against any risks this technology may present."
The U.S. consumer watchdog last year proposed regulating payments and smartphone wallets, prompting criticism from the industry.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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