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Harvard names Claudine Gay 30th president.

Claudine Gay, a widely admired higher education leader and distinguished scholar of democracy and political participation, will become the 30th president of Harvard University on July 1.

Since 2018, Gay has served as the Edgerley Family Dean of Harvard’s Faculty of Arts and Sciences (FAS), the University’s largest and most academically diverse faculty, spanning the biological and physical sciences and engineering, the social sciences, and the humanities and arts. As dean, she has guided efforts to expand student access and opportunity, spur excellence and innovation in teaching and research, enhance aspects of academic culture, and bring new emphasis and energy to areas such as quantum science and engineering; climate change; ethnicity, indigeneity, and migration; and the humanities. She has successfully led FAS through the COVID pandemic, consistently and effectively prioritizing the dual goals of safeguarding community health and sustaining academic continuity and progress. The disruptive effects of the crisis notwithstanding, she has also launched and led an ambitious, inclusive, and faculty-driven strategic planning process, intended to take a fresh look at fundamental aspects of academic structures, resources, and operations in FAS and to advance academic excellence in the years ahead.

The daughter of Haitian immigrants, Gay received her bachelor’s degree in 1992 from Stanford, where she majored in economics and was awarded the Anna Laura Myers Prize for best undergraduate thesis. In 1998, she received her Ph.D. in government from Harvard, where she won the Toppan Prize for best dissertation in political science. A quantitative social scientist with expertise in political behavior, Gay served as an assistant professor and then tenured associate professor at Stanford before being recruited to Harvard in 2006 as a professor of government. She was also appointed a professor of African and African American Studies in 2007. She was named the Wilbur A. Cowett Professor of Government in 2015, when she also became dean of social science at FAS.

“Claudine is a remarkable leader who is profoundly devoted to sustaining and enhancing Harvard’s academic excellence, to championing both the value and the values of higher education and research, to expanding opportunity, and to strengthening Harvard as a fount of ideas and a force for good in the world,” said Penny Pritzker, senior fellow of the Harvard Corporation and chair of Harvard’s presidential search committee. “As the Edgerley Family Dean of the Faculty of Arts and Sciences since 2018, and previously as dean of social science, Claudine has brought to her roles a rare blend of incisiveness and inclusiveness, intellectual range and strategic savvy, institutional ambition and personal humility, a respect for enduring ideals, and a talent for catalyzing change. She has a bedrock commitment to free inquiry and expression, as well as a deep appreciation for the diverse voices and views that are the lifeblood of a university community.

“As her many admirers know, Claudine consults widely; she listens attentively; she thinks rigorously and imaginatively; she invites collaboration and resists complacency; and she acts with conviction and purpose,” continued Pritzker. “All of us on the search committee are excited by the prospect of her bringing her high aspirations and interdisciplinary outlook across the Yard from University Hall to Massachusetts Hall. We are confident Claudine will be a thoughtful, principled, and inspiring president for all of Harvard, dedicated to helping each of our individual Schools to thrive, as well as fostering creative connections among them. She is someone intent on affirming the power of curiosity-driven learning. And she is someone eager to integrate and elevate Harvard’s efforts — throughout the arts and sciences and across the professions — to address complex challenges in the wider world.

“For all her professional accomplishments, even more impressive are Claudine’s personal qualities — her quality and clarity of mind, her broad curiosity about fields beyond her own, her integrity and fair-mindedness, and her dedication to creating opportunities for others. She will be a great Harvard president in no small part because she is such a good person,” said Pritzker.

https://news.harvard.edu/

African leaders call for faster industrialization during African Union Summit.

African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns.

Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization, Economic Diversification, and the AfCFTA in Niamey.

“Not so long ago, the juxtaposition of the words industrialization and Africa might have seemed incongruous. Today, the question it raises is mainly one of ways and means,” said Nigerien President Mohamed Bazoum, the summit’s host. “This in itself is proof that we are on the right track. A Nigerien proverb says, ” You cannot stop a river,” he added.

Bazoum called on African countries to entrench the rule of law to catalyze the emergence of the African private sector, unleash the energies of African entrepreneurs, and simplify the business environment.

“Inclusive, coherent, and sequenced industrialization that we want cannot be imposed and can only be achieved by creating synergies between the private and public sectors to empower small and medium sized enterprises and create quality jobs. .”

Bazoum added: “the youthfulness of the population and its growth, which are a challenge, can constitute an asset, provided the demographic transition is well-managed.”

His Nigerian counterpart, President Muhammadu Buhari. echoed the sentiment.  He said, “The African continent is blessed with a large youth population that can meet our labor shortages. Therefore, we need to tap into this abundant human resource by providing our youth with quality education that is relevant to their goals and meets the requirements of the labor market.”

For President Paul Kagame of Rwanda, the way forward on industrialization entails investment in energy and infrastructure.

“The pace of industrialization in Africa is still too slow to achieve Africa’s development goals under Agenda 2063,” said Kagame. “We need to invest more of our national budgets in industrial policy, and significantly increase energy and infrastructure capacity.”

In a speech read on his behalf, African Development Bank President Akinwumi Adesina noted that free trade areas had brought prosperity worldwide not by trading low-value products, but by industrial production. “It is, therefore, clear that Africa’s prosperity must no longer depend on exports of raw materials but on value-added finished products,” he said.  Marie-Laure Akin-Olugbade,  African Development Bank acting vice president for Regional Development, Integration and Service Delivery, represented Dr. Adesina and delivered the speech on his behalf.

“Across Africa, we need to turn cocoa beans into chocolate, cotton into textiles and garments, coffee beans into brewed coffee,” Adesina said. He said the Bank was investing $25 billion to transform the continent’s agricultural sector and unlock the agribusiness market, which is expected to reach $1 trillion in value by 2030.

The Bank chief also detailed efforts to develop spheres that will boost Africa’s industrialization and economic diversification, including the energy, health, natural resources, and pharmaceutical sectors.

“Africa has an abundance of natural resources, oil, gas, minerals and metals, as well as a vast blue economy that needs to be rapidly industrialized,” Adesina said. “The future of electric cars in the world depends on Africa, given its vast deposits of rare mineral resources, including lithium-ion, cobalt, nickel and copper. The size of the electric vehicle market has been estimated at $7 trillion by 2030 and $46 trillion by 2050. Building precursor facilities for lithium-ion batteries in Africa will cost three times less than in other parts of the world,” he said.

During the summit, the African Development Bank, the African Union, and the United Nations Industrial Development Organization launched (https://bit.ly/3Ul8mBC) the inaugural Africa Industrial Index.  The joint report showed that 37 out of 52 African countries have industrialized over the past 11 years. The study provides a country-level assessment of the progress made by the 52 African countries based on 19 key indicators.

The 19 indicators in the index cover manufacturing performance, capital, labor, business environment, infrastructure, and macroeconomic stability. The index also ranks the level of industrialization of African countries along various dimensions such as capital, labor endowments, , institutions, infrastructure, and macroeconomic stability, amongst others.

South Africa has maintained a very high ranking throughout the 2010-2021 period, followed closely by Morocco, which is in second place in 2022. Egypt, Tunisia, Mauritius and Eswatini complete the top six over the period.

The report will help African governments to identify benchmark countries to better assess their own industrial performance and adopt best practices more effectively.

During the summit, heads of state also reviewed the pace of operationalization of the African Continental Free Trade Area, which came into force in January 2021 as well as its linkages to industrialization.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:
Olufemi Terry
African Development Bank Group
media@afdb.org

About the African Development Bank Group:
The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

For more information: www.AfDB.org

SOURCE
African Development Bank Group (AfDB)

Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

ABIDJAN, Ivory Coast, December 6, 2022/ — The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth.

The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African countries’ Nationally Determined Contributions.

YouthADAPT is a flagship program under the Africa Adaptation Acceleration Program (AAAP) (http://www.AfDB.org/AAAP), which is unlocking the untapped potential of youth in Africa to drive resilience and green enterprise.

The virtual launch followed the approval of a $1 million grant funding by the ACCF’s development partners for the project. The event rallied together stakeholders, including the project team, quality control, adaptation, gender, and communication experts, and climate change and green growth experts to share experiences.

ACCF Coordinator Rita Effah, and the Portfolio Officer, Lucy Debrion, explained the Fund’s operational guidelines on Bank-implemented projects.

AAAP Coordinator and Principal Climate Change Officer Edith Ofwona Adera said, “African youth are leading the way, not in talk, but in concrete climate action; as agents of change, innovators, and entrepreneurs.”

She said the scheme would support women-led local enterprises promoting adaptation solutions to create additional jobs.

Adera thanked the ACCF for collaborating on the projects. Adera also commended the Fund for its role in facilitating the production of proposals. “That makes our work easier,” she added.

Following the launch, the AAAP secretariat will regularly engage with the ACCF Secretariat on significant project milestones to ensure that the objective is fully accomplished.

Since 2017, the ACCF Governing Committees have approved 26 projects estimated at $15.87 million.

The AAAP will implement the project. For more information on ACCF and AAAP, please visit http://ACCF.AfDB.org  and www.AfDB.org/AAAP

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

SOURCE
African Development Bank Group (AfDB)

Calls grow to disestablish Church of England in the UK

In 2019, an estimated 51.0% of the population reported their religion as Christian, making it the most prevalent religious group in England and Wales.

Latest census results revealing that England is no longer a majority-Christian country have sparked calls for an end to the church’s role in parliament and schools, while Leicester and Birmingham became the first UK cities with “minority majorities”. Across England and Wales, the Muslim population grew from 2.7 million people in 2011 to 3.9 million in 2021. While 46.2% of people said they were Christian, 37.2% said they had no religion equivalent to 22 million people.

Read more on theguardian.com

 

 

Image credit: https://www.parliament.uk/business/lords/

The African Development Bank Supports Economic Diversification under the Country Strategy Paper 2022-2026.

Supporting Botswana’s ambition to diversify its economy and accelerate its structural transformation towards sustainable and inclusive growth is the main objective of the African Development Bank Group’s Country Strategy Paper 2022-2026 (CSP 2022-2026) for the Southern African country.

Approved in March 2022 by the Bank Group’s Board of Directors, the Country Strategy Paper sets out two priority areas of intervention for the next five years: building economic resilience through support to economic governance and private sector development; and developing quality infrastructure to increase competitiveness and productivity.

Under the first priority area, the Bank Group will continue supporting key policy reforms to enhance fiscal performance, strengthen the country’s public financial management systems, and improve public sector efficiency. The Bank Group will also support ongoing efforts to enhance private sector participation in economic activity through enabling regulatory reforms and public-private partnerships. The Bank will expand its support to small and medium-sized enterprises by addressing existing bottlenecks, such as lack of access to finance, to stimulate women’s participation in high value-added economic activities.

The specific expected outcomes under this priority area include an increase in private investment from 24.4 percent of gross domestic product (GDP) in 2019 to 27.4 percent in 2023; a decline in the budget deficit/GDP ratio from 8.4 percent in 2020-2021 to 4.8 percent in 2022-2023; and an increase in the real sector’s contribution to GDP from 2.1 percent in 2020 to 5 percent in 2023. The country is also expected to see an increase in the stock market capitalisation of domestic companies from $3.1 billion to $3.6 billion, as well as an increase in the number of women-owned companies supported by the Botswana Development Corporation owned or run by women from three to over 30 in 2023.

Under the second priority area, the Bank Group will support private sector-led growth and job creation through growth-enhancing infrastructure projects.

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To this end, the Bank Group plans to focus on infrastructure projects that will grow Botswana’s productive capacity. Improving the business environment, upgrading infrastructure and efficient border management are of paramount importance if Botswana is to access regional markets, the document states. In the energy sector, the Bank Group will support policy, regulatory and institutional frameworks for renewable energy generation, and the country’s development of its low carbon and climate resilience strategy. The Bank Group will also support the water sector in the expansion of the supply of clean water for household, industrial and agricultural use

The specific expected outcomes in this area are a higher share of affordable renewable energy in the country’s total energy supply (15 percent compared to 1 percent currently); reduced road travel time by 15 percent; a fall in the average monthly vehicle operating cost from $0.23 per kilometre to $0.18; and increased use of wastewater effluent from 20 percent to 28 percent.

 

AFDB News

Queen’s Speech 2022:Prince Charles opens Parliament for first time.

My Lords and members of the House of Commons.

My Government’s priority is to grow and strengthen the economy and help ease the cost of living for families. My Government will level up opportunity in all parts of the country and support more people into work. My Ministers will continue to support the police to make the streets safer, and fund the National Health Service to reduce the COVID backlogs. In these challenging times, my Government will play a leading role in defending democracy and freedom across the world, including continuing to support the people of Ukraine.

My Government will drive economic growth to improve living standards and fund sustainable investment in public services. This will be underpinned by a responsible approach to the public finances, reducing debt while reforming and cutting taxes. My Ministers will support the Bank of England to return inflation to its target.

A Bill will be brought forward to drive local growth, empowering local leaders to regenerate their areas, and ensuring everyone can share in the United Kingdom’s success. The planning system will be reformed to give residents more involvement in local development.

My Government will improve transport across the United Kingdom, delivering safer, cleaner services and enabling more innovations. Legislation will be introduced to modernise rail services and improve reliability for passengers [Transport Bill].

My Ministers will bring forward an Energy Bill to deliver the transition to cheaper, cleaner, and more secure energy. This will build on the success of the COP26 Summit in Glasgow last year [Energy Security Bill]. Draft legislation to promote competition, strengthen consumer rights and protect households and businesses will be published. Measures will also be published to create new competition rules for digital markets and the largest digital firms [Draft Digital Markets, Competition and Consumer Bill].

My Government will establish the UK Infrastructure Bank in legislation, with objectives to support economic growth and the delivery of net zero [UK Infrastructure Bank Bill].

Reforms to education will help every child fulfil their potential wherever they live, raising standards and improving the quality of schools and higher education [Schools Bill, Higher Education Bill]. My Ministers will publish draft legislation to reform the Mental Health Act [Draft Mental Health Act Reform Bill].

My Government will continue to seize the opportunities of the United Kingdom’s departure from the European Union, to support economic growth. Regulations on businesses will be repealed and reformed. A bill will enable law inherited from the European Union to be more easily amended [Brexit Freedoms Bill]. Public sector procurement will be simplified to provide new opportunities for small businesses [Procurement Bill].

New legislation will strengthen the United Kingdom’s financial services industry, ensuring that it continues to act in the interest of all people and communities [Financial Services and Markets Bill]. The United Kingdom’s data protection regime will be reformed [Data Reform Bill].

My Government will continue to champion international trade, delivering jobs across the country and growing the economy. Legislation will be introduced to enable the implementation of the United Kingdom’s first new Free Trade Agreements since leaving the European Union [Trade (Australia and New Zealand) Bill].

My Ministers will encourage agricultural and scientific innovation at home. Legislation will unlock the potential of new technologies to promote sustainable and efficient farming and food production [Genetic Technology (Precision Breeding) Bill].

My Government will protect the integrity of the United Kingdom’s borders and ensure the safety of its people. My Ministers will take action to prevent dangerous and illegal Channel crossings and tackle the criminal gangs who profit from facilitating them. Legislation will be introduced to ensure the police have the powers to make the streets safer [Public Order Bill].
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A bill will be brought forward to further strengthen powers to tackle illicit finance, reduce economic crime and help businesses grow [Economic Crime and Corporate Transparency Bill]. Measures will be introduced to support the security services and help them protect the United Kingdom [National Security Bill].

My Government will lead the way in championing security around the world. It will continue to invest in our gallant Armed Forces. My Ministers will work closely with international partners to maintain a united NATO and address the most pressing global security challenges.

The continued success and integrity of the whole of the United Kingdom is of paramount importance to my Government, including the internal economic bonds between all of its parts. My Government will prioritise support for the Belfast (Good Friday) Agreement and its institutions, including through legislation to address the legacy of the past [Northern Ireland Troubles (Legacy and Reconciliation) Bill].

My Government will ensure the constitution is defended. My Ministers will restore the balance of power between the legislature and the courts by introducing a Bill of Rights [Bill of Rights]. Legislation will prevent public bodies engaging in boycotts that undermine community cohesion [Boycotts, Divestment and Sanctions Bill].

My Government will introduce legislation to improve the regulation of social housing to strengthen the rights of tenants and ensure better quality, safer homes [Social Housing Regulation Bill]. Legislation will also be introduced to ban conversion therapy [Conversion Therapy Bill]. Proposals will be published to establish an independent regulator of English football.

In this year of my Platinum Jubilee, I look forward to the celebrations taking place across the United Kingdom and throughout the Commonwealth, and to the Commonwealth Games in Birmingham this summer.

MEMBERS OF THE HOUSE OF COMMONS

Estimates for the public services will be laid before you.

MY LORDS AND MEMBERS OF THE HOUSE OF COMMONS

Other measures will be laid before you.

I pray that the blessing of Almighty God may rest upon your counsels.

Stripe introduces Financial Connections to help businesses connect to their customers’ bank accounts

SAN FRANCISCO AND DUBLIN—Stripe, a financial infrastructure platform for businesses, today launched Stripe Financial Connections, enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes. Businesses can use Financial Connections to verify accounts for payments and payouts, check balances to reduce payment failures, and cut fraud by confirming bank account ownership.

Direct bank account connections have historically been nearly impossible to establish on a programmatic basis. Businesses have had to either build custom integrations with the thousands of different financial institutions where US customers maintain bank accounts, or attempt a workaround, like asking customers to type in routing and account numbers, and then confirm microdeposits a few days later. The latter is a tedious process that 40% of customers abandon along the way.

Financial Connections provides an easier solution: customers simply enter their online banking credentials and select the account they’d like to link. It supports platforms, businesses, and a full spectrum of users, from NFT creators to churches.

“As in-person worship returns, we’re doing everything we can to help our churches sustain themselves and the communities they serve. Stripe Financial Connections lets us quickly and easily verify bank accounts for donations. This is good for the churches we support, who can more easily accept donations, and good for their members, who can quickly link their bank accounts,” said Jeremy Ricketts, product manager at Planning Center, a software platform for churches.

Bank account connections facilitate a host of multisided benefits. For businesses, linked bank accounts streamline direct debit payments, which boosts conversion. For platforms, Financial Connections allows them to use linked bank account information to underwrite risk and offer loans to their business users. And for all parties, Financial Connections—and the bank account connections it facilitates—opens the door to a suite of financial services. Businesses, for example, can offer their customers tools for tracking budgets, paying bills, and identifying spending patterns.

Nifty Gateway, a marketplace for NFTs, uses Financial Connections with Stripe Connect to onboard and pay out to thousands of creators.

“With Stripe Financial Connections, creators can link their bank accounts in seconds when they join Nifty Gateway. No account number typos, no delayed payouts, it just works,” said Patrick McLaren, chief operating officer of Nifty Gateway.

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Reliable connectivity to US bank accounts

Financial Connections is designed around transparency, security, and customer privacy. To get started with Financial Connections, businesses have to specify the type of information they will request from customers, and why they need it. The linking process itself provides customers with visibility into the information they share. Then, once a link is established, Stripe encrypts a customer’s bank account information and saves businesses the risk of managing sensitive credentials on their own.

“Businesses have been asking us for an easy, secure way to connect to and verify their customers’ bank accounts,” said Clara Liang, business lead at Stripe. “Stripe Financial Connections delivers just that.”

Integrated with payments and capital infrastructure

Businesses that use Financial Connections can integrate bank account information with other Stripe financial products like Connect, Stripe CapitalStripe IdentityStripe Issuing, and Stripe Treasury. The coordinated use of these products has powerful results. Platforms using Financial Connections and Connect reduce payout failures by 75%, and the combination of Financial Connections and Capital allows Stripe to provide users with 55% larger loan offers.

Stripe Financial Connections is available to businesses in the US. For more information, visit stripe.com/financial-connections.

Popular designer from all over Europe on Serbia Fashion Week

Spring edition of  Serbia Fashion Week will be held from April 26th to 30th in Novi Sad. At two locations: the Novi Sad Fair and the SKCNS “Fabrika”, the audience will see many fantastic fashion shows, exhibitions, seminars and accompanying programs. The most popular designers from Serbia will present their new collections, but also from the region of the former Yugoslav republics and countries from all over Europe.

During the evening of the grand opening of Serbia Fashion Week, part of the “European Capital of Culture 2022” project this year, will be a fashion show by Slovenian designer Sanja Veličković. It comes from the city of Ptuj in the former Yugoslav republic of Slovenia.

“Looking back, I can say that I was born to create my dreams and make others happy. Soon, the wish became reality and in 2009 I opened my studio in Ptuj. I started creating under my brand Sanja V Design, with tagline – Wear your dreams!

I was always different, unique, loyal to myself. I had first independent fashion show in 2005. I was creating dresses for beauty competitions, like Miss Slovenia, Miss Universe Slovenia, Famme Fatale Slovenia, Vine queen Slovenia, and Vine queen of Ptuj. In 2011, I had a fashion show and exhibition in New York. Since 2015, I created two dress collections every year and had fashion shows in Ptuj in towns around Slovenia.

In 2016, I took a new step – I presented the Frida Kahlo collection at SFW – Serbia Fashion Week in Novi Sad. Since then, I am a regular guest at SFW, where my collections were also awarded. The awards were followed by invitations in Paris (live 2017 and digital 2020), Milan Fashion Week 2019, Kazakhstan at Aktau Fashion Week, Malta Fashion Week, etc. In short, between 2016 and 2019, thanks to the awards, I had the opportunity to present my creations around the world.
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I try to create my own trends, so uniformity doesn’t appeal to me. The goal of my clothes is to find the right person to wear it. For me, is important that wearer feels good in my creation. My design always offers functionality and comfort, so my customers don’t even think about throwing clothes away just because they are old and no longer “modern”.

My collections are created spontaneously, everywhere, thoughts simply come to my mind. I put them on paper in a form of sketch, I choose appropriate materials, make cuts, sew. First, I try them on myself, then models wear them on fashion shows. After, they patiently wait in the studio for the right person to come around, to wear them, to wear their dreams”, said designer Sanja Velickovic.

 

Apple empowers businesses to accept contactless payments through Tap to Pay on iPhone.

CUPERTINO, CALIFORNIA Apple today announced plans to introduce Tap to Pay on iPhone. The new capability will empower millions of merchants across the US, from small businesses to large retailers, to use their iPhone to seamlessly and securely accept Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap to their iPhone — no additional hardware or payment terminal needed. Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers. Stripe will be the first payment platform to offer Tap to Pay on iPhone to their business customers, including the Shopify Point of Sale app this spring. Additional payment platforms and apps will follow later this year.
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “In collaboration with payment platforms, app developers, and payment networks, we’re making it easier than ever for businesses of all sizes — from solopreneurs to large retailers — to seamlessly accept contactless payments and continue to grow their business.”
Once Tap to Pay on iPhone becomes available, merchants will be able to unlock contactless payment acceptance through a supporting iOS app on an iPhone XS or later device. At checkout, the merchant will simply prompt the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone, and the payment will be securely completed using NFC technology. No additional hardware is needed to accept contactless payments through Tap to Pay on iPhone, so businesses can accept payments from wherever they do business. Apple Pay is already accepted at more than 90 percent of US retailers, and with this new capability, virtually every business, big or small, will be able to allow their customers to Tap to Pay on iPhone at checkout. Tap to Pay on iPhone will also roll out to Apple Store locations in the US later this year.
Privacy is fundamental in the design and development across all of Apple’s payment features. With Tap to Pay on iPhone, customers’ payment data is protected by the same technology that makes Apple Pay private and secure. All transactions made using Tap to Pay on iPhone are encrypted and processed using the Secure Element, and as with Apple Pay, Apple doesn’t know what is being purchased or who is buying it.
Apple will work closely with leading payment platforms and app developers across the payments and commerce industry to offer Tap to Pay on iPhone to millions of merchants in the US. Tap to Pay on iPhone complements and enhances the robust suite of payment and commerce tools that payment platforms and app developers provide to their merchant customers to help them run and grow their businesses. Tap to Pay on iPhone will work with contactless credit and debit cards from leading payment networks, including American Express, Discover, Mastercard, and Visa.
“Whether you’re a salesperson at an internet-first retailer or an individual entrepreneur, you can soon accept contactless payments on a device that’s already in your pocket: your iPhone,” said Billy Alvarado, Stripe’s chief business officer. “With Tap to Pay on iPhone, millions of businesses using Stripe can enhance their in-person commerce experience by offering their customers a fast and secure checkout.”
Tap to Pay on iPhone will be available to participating payment platforms and their app developer partners to leverage in their software developer kits (SDKs) in an upcoming iOS software beta.
About Apple
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC.
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Press Contacts
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Vision and distinctiveness: An Royal Society of Arts Academies retrospective.

Through the RSA Academies project, we demonstrated that we’re not simply a ‘think-tank’ but we’re committed to impact on the ground. RSA Academies was a major investment in developing the potential and success of young people.

We began our engagement with the academies programme with our sponsorship of the RSA Academy in Tipton, Sandwell, in 2008. Following the early success of that initiative, we were inspired to go further. We established RSA Academies in late 2011, in the flourish of activity that followed the 2010 Academies Act, which encouraged good and outstanding schools to become academies, and opened the door to more sponsors.

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read more: https://www.thersa.org/blog/2022/04/vision-and-distinctiveness-rsa-academies-retrospective

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