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Facebook's road to Libra: 2009 to 2019

Payments Source

Facebook's Libra project didn't come from nowhere. The social network has a long history of experimenting with digital payments, and launched a separate (and ill-fated) digital currency a decade ago.

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China’s Economy Has Slowest Pace Of Growth Since Early 2009

PYMNTS

That, according to the New York Times, marks the slowest economic growth rate since the beginning part of 2009. According to a report in the New York Times on Friday (October 19), the government in China said the economy grew 6.5 percent during the three months ending in September on a year-over-year basis.

Economy 49
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Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off rate at 5.4 percent in 2016.

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Reserve Bank of India rules online marketplaces must comply with 2009 guidelines

The Paypers

(The Paypers) Reserve Bank of India has ruled that online marketplaces must adhere to its 2009 guidelines on settlement of payments for electronic payment transactions involving intermediaries.

Rules 28
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Ebury Partners With Salt Edge to Expand Its Open Banking Presence in the EU & UK

Fintech Finance

Founded in 2009, the global financial services provider has built a secure, end-to-end payment infrastructure that offers a wide range of international payment, FX and lending solutions to their clients. Modern financial technology has advanced with notable innovations, and Ebury is no exception.

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OCBC Bank to Offer Digital Bank Accounts for Children Aged 7-15 from October

Fintech News

OCBC Bank is set to offer Generation Alpha—children born after 2009—their own digital bank accounts through the OCBC MyOwn Account , available from 20 October 2024. This first-of-its-kind account in Singapore allows children aged seven to 15 to manage their finances digitally via the OCBC Digital app, under parental supervision.

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All Singapore Financial Institutions Now Face Tighter Fair Dealing Requirements

Fintech News

Initially introduced in 2009 under the Financial Advisers Act, the guidelines previously covered investment product selection, marketing, distribution, advice, and post-sales services.