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Japan’s Cashless Shift Accelerates as BOJ Explores Payment System Innovation

As a result of Japans transition to a cashless society, the Bank of Japan BOJ has called for payment system innovation. In 2024, digital transactions

As a result of Japans transition to a cashless society, the Bank of Japan BOJ has called for payment system innovation. In 2024, digital transactions surpassed the governments 40% target by a year, reaching 42.8%. Although Japan has always preferred physical currency, in order to guarantee safe, effective, and widely available payment systems, officials are currently looking into central bank digital currency CBDC solutions. In 2023, the BOJ initiated a CBDC pilot program, talking with government and private organisations about its structure. BOJ Deputy Governor Shinichi Uchida stressed that although there is still a large need for cash, the use of banknotes may decline dramatically in the future due to digitisation. Read More..

B2B Tech News | 10 days ago        

IndiaEFTA Free Trade Agreement’s Swiss Component Set for October 2025 Implementation

Following ratification by Iceland, Liechtenstein, and Norway, the Swiss portion of the IndiaEFTA free trade agreement FTA would go into effect by Octo

Following ratification by Iceland, Liechtenstein, and Norway, the Swiss portion of the IndiaEFTA free trade agreement FTA would go into effect by October 2025, according to confirmation from Commerce Minister Piyush Goyal. The arrangement is anticipated to go into effect after Switzerlands regulatory process is completed in about two and a half months. Signed in March 2024, the deal allows dutyfree access to 99 per cent of Indian exports, including rice, and guarantees a $100 billion investment commitment from EFTA countries over 15 years. Goyal urged Swiss companies to look into investment potential in industries like space, precision engineering, and pharmaceuticals, highlighting Indias technological innovations and highly qualified workforce. Read More..

B2B Tech News | 10 days ago        

OpenAI Strikes Cloud Deal With Google, Expanding Beyond Microsoft Azure

OpenAI is moving away from its sole reliance on Microsoft Azure after striking an unexpected cloud arrangement with Google. Finalised in May 2025, th

OpenAI is moving away from its sole reliance on Microsoft Azure after striking an unexpected cloud arrangement with Google. Finalised in May 2025, the agreement enables OpenAI to leverage Google Clouds infrastructure to satisfy its increasing needs for AI computation. After securing billiondollar agreements with CoreWeave, SoftBank and Oracle for its $500 billion Stargate project, OpenAI is now branching out beyond Microsoft. For analysts, this is a victory for Google Cloud, even though there are worries that ChatGPT could challenge Googles search dominance. With an annual revenue run rate of $10 billion, OpenAI has solidified its place in the AI race. Read More..

B2B Tech News | 10 days ago        

Qualcomm Acquires Alphawave for $2.4 Billion to Expand AI and Data Center Capabilities

With the goal of enhancing its AI and data centre capabilities, Qualcomm has agreed to pay $2.4 billion to purchase Alphawave, a semiconductor company

With the goal of enhancing its AI and data centre capabilities, Qualcomm has agreed to pay $2.4 billion to purchase Alphawave, a semiconductor company based in the UK. Alphawave shareholders receive 183 pence per share in the deal, which is 96% more than the closing price prior to Qualcomms disclosure of its interest. Alphawave is a critical partner for Qualcomms growth beyond smartphones since it specialises in highspeed networking solutions for data centres and AI workloads. Depending on regulatory approvals, the deal is anticipated to close in early 2026. Read More..

B2B Tech News | 20 days ago        

RBI Deputy Governor Warns of High Interest Rates and Debt Cycles in Microfinance

Concerns about excessive interest rates, excessive borrower debt, and aggressive recovery tactics in Indias microfinance industry have been voiced by

Concerns about excessive interest rates, excessive borrower debt, and aggressive recovery tactics in Indias microfinance industry have been voiced by M. Rajeshwar Rao, deputy governor of the Reserve Bank of India RBI. Rao said during a June 5 event in Mumbai that even lenders who have access to inexpensive capital are imposing exorbitant margins, which is making consumers financial difficulties worse. Even though interest rates have moderated somewhat, there are still areas where rates are high, which creates unsustainable debt cycles. Rao called on lenders to remove harsh recovery techniques, reduce excessive leverage, and improve credit evaluations. He underlined the necessity of structural changes to guarantee that microfinance fulfils its goal of financial inclusion rather than exploitation. Read More..

B2B Tech News | 20 days ago        

IndiaEFTA Trade Agreement Marks a Milestone in Economic Cooperation

By September 2025, the free trade agreement FTA between India and the European Free Trade Association EFTA, which includes Switzerland, Norway, Icelan

By September 2025, the free trade agreement FTA between India and the European Free Trade Association EFTA, which includes Switzerland, Norway, Iceland, and Liechtenstein, will be in effect. The Trade and Economic Partnership Agreement TEPA, which was signed in March 2024, guarantees a $100 billion investment commitment over 15 years, and India would lower tariffs to zero on 80–85% of goods from EFTA countries. EFTA nations will reciprocate by allowing dutyfree access to 99 per cent of Indian exports, including rice. All four EFTA members have approved the accord through their parliaments, and Switzerland has until July 10 to voice any objections. Read More..

B2B Tech News | 20 days ago        

South Korea’s Lee and China’s Xi Discuss Bilateral Cooperation in First Call

On June 10, South Korean President Lee Jaemyung spoke with Chinese President Xi Jinping over the phone for the first time on free trade, regional stab

On June 10, South Korean President Lee Jaemyung spoke with Chinese President Xi Jinping over the phone for the first time on free trade, regional stability, and bilateral cooperation. To keep relations "on the right track," Xi underlined the importance of respecting one anothers fundamental interests. In order to improve Chinas strategic alliance with Seoul, he urged South Korea to fortify exchanges and protect international supply networks. Lee, who assumed office on June 4, has already communicated with Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump, indicating a change in South Koreas foreign policy strategy. Read More..

B2B Tech News | 20 days ago        

Amazon Commits $20 Billion to Pennsylvania Cloud Expansion, Largest in State History

To develop its cloud infrastructure in Pennsylvania, Amazon has announced a $20 billion commitment, the biggest private sector investment in Pennsylva

To develop its cloud infrastructure in Pennsylvania, Amazon has announced a $20 billion commitment, the biggest private sector investment in Pennsylvanias history. The strategy calls for the construction of two sizable data centre campuses—one in Fairless Hills and the other close to the Susquehanna nuclear power plant—to facilitate AIdriven cloud computing. In the AWS data centre supply chain, the initiative will support thousands of additional jobs and generate 1,250 highskilled jobs. The federal government is reviewing Amazons direct power access agreement with the Susquehanna plant, which raises questions about grid equity. Amazons larger AI expansion strategy is in line with this investment, which comes after recent pledges in Taiwan and North Carolina. Read More..

B2B Tech News | 20 days ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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