Global revenue from payment platforms that enables merchants to process payments will grow from US$106 billion in 2019 to US$158 billion by 2024, according to Juniper Research.

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Chinese tech giant Alibaba Group has unveiled its first AI inference chip developed by T-Head under the Alibaba DAMO Academy, an initiative it says will accelerate the speed of machine learning tasks – and lead technology development and scientific research.

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Melbourne based Quest Payment Systems in conjunction with National Australia Bank and Visa, has launched a trial which allows merchants to accept card payments using their Android smartphone.

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