Mobile wallets are becoming popular among boomers for this reason

Mobile wallets - Baby Boomers using mobile phones

This generation isn’t using phones as a payment method as much as others, but another use is growing When it comes to demographics using mobile wallets the most, the majority of people wouldn’t think that Baby Boomers would be in a top category. That said, when it comes to one specific behavior, they’re participating quite a bit. It’s true that this isn’t the top generation for using mobile payments Still, there are far more features available through mobile wallets than making payments by tapping a smartphone at a checkout counter.…

Read More

Is Apple developing its own wearable technology ring?

Wearable technology - The Apple Ring is Coming -Image Source - AppleInsider YouTube

If rumors are to be believed, the iPhone maker is working on a new kind of smart gadget Smart rings are becoming the latest type of wearable technology to make their way into the spotlight, and it appears that Apple may be looking to launch its own version of the product early on. Patent filings have been spotted and show details for such a gadget Apple has filed patents for wearable technology in the form of a smart ring, including diagrams that illustrate a number of ways in which gestures…

Read More

Meta VR headsets vulnerable to “inception attacks”

VR headsets - Security Vulnerability

These device attacks can trap users in an artificial virtual reality environment. Researchers examining the Meta VR headsets have identified a possible major security vulnerability, according to a recently published study. The virtual reality security researchers were part of a University of Chicago team The research team discovered a way that the Meta Quest VR headsets could be hacked without the knowledge of the user. This gave the researchers control over the VR environment of the user, through which they could not only steal data but also manipulate the way…

Read More

QR codes in Sri Lanka add traceability to clothing brands

QR codes - Sri Lanka Flag - Apparel

The South Asian nation is working on making the barcodes a regular part of the apparel industry. Clothing companies in Sri Lanka have been adding traceability QR codes to their products as a part of an effort to comply with new legal changes that are expected to be rolled out throughout the fashion industry in years to come. Transparency and traceability are critical Manufacturers throughout Sri Lanka are teaming up with Global Language of Business (GS1), the International Financial Reporting Standards (IFRS) and the Asian Development Bank (ADB) to place…

Read More

Paytm mobile payments warned told that complying to regulations is not “optional”

Mobile payments - Breaking Rules - India

The popular service was found to have failed to comply with the law in India, where it is popular. Popular mobile payments service provider, Paytm Payments Bank, is at the heart of a controversy in India, where it is highly popular. The company has been accused of failing to realize the need to comply with legal regulations. Union minister Rajeev Chandrasekhar said no company can get away with such actions. The union minister was making reference to the Reserve Bank of India’s regulatory action on the mobile payments and financial…

Read More