New
€1.50
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INTERVIEW PAGES 10 & 11
Historic property in
Rome to be developed
and operated by
Corinthia Hotels
Artificial
intelligence will
empower humans,
not suppress them
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THURSDAY 24 OCTOBER 2019 • ISSUE 31
WWW.BUSINESSTODAY.COM.MT
KARL AZZOPARDI
BANK of Valletta will be rolling out
digital wallet services for its clients
in the coming days, BusinessToday
has learned.
Digital wallet services work
through near-field communication
(NFC) technology found in many
of the smartphones available on the
market today, and act as a substi-
tute to the traditional plastic credit
and debit cards.
Shoppers can use a digital wallet
to pay for a purchase by simply tap-
ping or waving the enabled device
in front of the NFC-enabled termi-
nal at checkout This is known as a
contactless payment transaction.
If required, the customer provides
a passcode or finger scan to ap-
prove the transaction.
BOV to launch digital wallet
services in coming days
Close to 50%
of Malta's
businesses
have been
cyber attacked
BOV Head of Card Payments
says that 70% of transactions
under €20 are contactless
MASSIMO COSTA
THE government has launched a new scheme
designed to bolster the private sector's defenses
against cyber threats, offering risk assessment
and training opportunities for firms.
