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Developed by an international team of researchers from the Universities of Oxford, Exeter and Münster, the chip contains a network of artificial neurons and synapses that respond to light, rather than electrical inputs. This allows the chip to mimic the behaviour of human neurons and their synapses.

Customers increasingly want payments to be seamless. New developments in biometrics, instant cross-border payments, and the Internet of Things (IoT) are all part of the larger trend towards more convenient payments. However, seamlessness for consumers means complexity for merchants, creating challenging market conditions.

For an economy as developed and advanced as Japan's, cash is surprisingly still its most widely used payment instrument. Japanese consumers remain averse to mobile payments, and are even hesitant to use payment cards.

The technology from FIS hopes to be a crucial part of Australia-based Volt's overall platform. It will provide a highly scalable, cost-effective platform to serve customers.

Payments platform FreedomPay and Vista Technology Services (Vista) have entered into a global technology project and support partnership

IDSOS offers complete outsourcing, virtual assistant, data entry, BPO & financial services to multiple international clients since 2003.

The PayPal investment in Tink will give it access to Tink's account aggregation technology. Furthermore, this will allow PayPal to significantly improve the produce experiences it offers to customers in Europe.

Social networking platform Facebook is planning to introduce its own cryptocurrency next year, reported BBC. Dubbed GlobalCoin, the new offering is expected to be made available in around 12 countries by the first quarter of 2020 following a trial later this year.