Remove CBDC Remove Economy Remove Financial Inclusion
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Bank of Canada Puts CBDC Development on Ice: Is This Indicative of Global CBDC Demise?

The Fintech Times

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

CBDC 74
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Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy

The Fintech Times

In the last five years, Sri Lanka’s economy has struggled greatly. Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. From being one of the strongest markets in South Asia, it has since fallen from grace.

Economy 84
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Exploring Digital Currencies Across the Middle East and Africa in 2024

The Fintech Times

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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G+D Filia® Unplugged Brings Offline Capability to Digital Payments

Fintech Finance

Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. In highly industrialized economies, internet access is not uniformly reliable. The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments.

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India’s Rise in Fintech: How Digital Payment Infrastructure is Shaping Economic Growth

The Fintech Times

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. Accelerating financial inclusion Though demonetisation was abrupt, it accelerated digitalisation in India, with a significant impact on financial inclusion.

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Accenture Invests in EMTECH to Modernize Central Bank Operations

Fintech Finance

This investment, made through Accenture Ventures, will support EMTECH in its efforts to transform central banks’ financial and technology infrastructure and make it easier for central banks to regulate and supervise fintechs in an increasingly digital economy.

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BIS: 20 Pct Of Population Will Access CBDCs By 2024

PYMNTS

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

CBDC 102