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Axis Bank in India is stanley cup launching wearable technology for contactless payments that is聽intended to encourage the mainstream adoption of cashless transactions.The Wear N Pay devices include a wristband, keychain and a loop that Axis Bank customers can use for contactless payments. The wearables can be incorporated into existing accessories or worn independently, and are connected to users bank accounts. Contactless payments are t stanley de he future of the payments industry in India, Sanjeev Moghe, EVP, head of cards and payments, Axis Bank said in a press release. To tap into this market, our Wear N Pay program brings convenience to contactless payments at a budget-friendly price point, offering a safe and secure mode of payments on the go. 聽He added that the dev stanley cup ices are designed to seamlessly fold into daily life, which will help advance the adoption of cashless transactions. The wearables are directly linked to users bank accounts and function just like a debit card.The third-largest private-sector bank in India, Axis is the first financial institution FI to offer wearable tech for contactless payments. The bank teamed up with Thales and Tappy Technologies to design and develop the wearables, which exclusively use the Mastercard platform. Thales has always been a key driver to launch innovative and secure digital solutions, sa茂d Emmanuel de Roquefeuil, vice president and country director, Thales in India. He added that the time is ripe for innovative payment solutions that are not Eoeq UBS Will Pay $3 Billion for Credit Suisse

Deutsche Bank exposure to the Danske Bank money laundering scandal has increased after the bank found it processed an additional 鈧?1bn of suspicious funds for Danske Bank than previously thought, reported Financial Times.The report, citing people familiar with the matter, reported that in addition to the $150 billion 鈧?32bn that Deutsche Bank cleared for Danskes Estonian branch from 2007 to 2015, it also processed another 鈧?1bn. That amounts to Deutsche Bank processing four-fifths of the 鈧?00bn that Danske said came from its Estonian branch from clients in Russia and other former Soviet countries.聽According to Financial Times, roughly聽one million transactions stanley cup were processed by the German bank during that period.The increased exposure places even more pressure on Deutsche Bank, which is facing intense scrutiny from regulators in the U.S. and Europe. The U.S. Department of Justice has already r stanley termos equested information from the bank covering its role in the Estonian branch of Danske Bank. A senior Deutsche Bank source told Financial Times that the bank was cooperating with inquiries from a number of authorities covering the Danske transactions.According to the report, Deutsche Bank stopped clearing dollars for the Estonian branch in 2015 after internal controls started flagging an increasing amount of transactions that were deemed suspicious. The bank told Danske in the same year that despite a reduction in payments from E stanley cup stonia in the past two years, there w