January 27, 2021

Info IEC

Business & Finance Information

Day: January 6, 2021

WASHINGTON—President Trump signed an executive order Tuesday banning transactions with eight Chinese-connected apps, including the Alipay payment platform owned by Chinese billionaire

Jack Ma’s

Ant Group Co. and apps owned by Chinese tech giant Tencent Holdings Ltd.

Mr. Trump said the apps can access private information from their users. It could be used by the Chinese government to “track the locations of Federal employees and contractors, and build dossiers of personal information,” he added.

The order takes effect in 45 days—after Mr. Trump leaves office. A spokesman for President-elect

Joe Biden’s

transition team declined to comment on the order.

SINGAPORE’S multi-currency mobile wallet YouTrip has inked a six-year partnership with Visa to accelerate its expansion into the rest of South-east Asia – with an eye on Malaysia and the Philippines as potential markets in the next six to 12 months.

Currently launched in Singapore and Thailand, YouTrip has garnered over one million downloads to date, YouTrip and Visa said in a joint statement on Wednesday.

The fintech startup has a separate partnership with Mastercard that covers Singapore and Thailand.

The latest announcement comes a year after YouTrip’s first regional expansion to Thailand in collaboration with Thai bank Kasikornbank, which

The Donegal Insurance Group traces its beginnings approach again to the delivery of the Donegal and Conoy Mutual Fireplace Insurance coverage Company in 1889. Insurance may also be purchased by an agent. A tied agent, working exclusively with one insurer, represents the insurance coverage firm from whom the policyholder buys (while a free agent sells insurance policies of assorted insurance corporations). Just as there’s a potential conflict of interest with a dealer, an agent has a distinct sort of conflict. As a result of brokers work directly for the insurance coverage company, if there’s a declare the agent may advise …