We know Apple is working on iOS 11 for the iPhone and iPad. And also that this new version of the company’s mobile operating system is going to add peer-to-peer payments. Named Apple Pay Cash, this platform is the company’s upcoming peer-to-peer payment system that will allow iOS users to send and receive payments to family and friends.

Fitbit is finally getting into ‘true’ smartwatch business with Ionic. Not only will it support third party apps, but also will have a new Fitbit Pay platform, based on its acquisition of wearable assets of Coin. The company has struck deals Visa, Mastercard and American Express to bring NFC payments to its new Ionic smartwatch.

Singapore’s Payment Council has set up a task force to develop a common QR code for Singapore (SGQR) that could be used for e-payments island wide. This would offer a cheaper and less infrastructure-heavy alternative to debit and credit card schemes.

The Basel Committee on Banking Supervision today released a consultative document on the implications of fintech for the financial sector. The document assesses how technology-driven innovation in financial services, or “fintech” is set to fundamentally change the banking industry and the activities of supervisors in the near to medium term. This may result in banks changing their operating models and regulators adapting to address risks while promoting innovation.

Obviously, you can. Now, can you imagine a company getting a patent for this technology in today’s time? I bet NO.

EY launched the first global EY FinTech Adoption Index in 2015 to study and provide a global perspective on FinTech. The study suggests that FinTech has reached early mass adoption. In contrast to the assumption that FinTech firms struggle to translate innovation and great customer experience into meaningful numbers, the findings reflect considerable consumer appetite for new and innovative financial service products based on technologies such as mobile and cloud.

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