Fintech News

DECEMBER 5, 2023

The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance.

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Central Bank Innovation Finance Money Laundering 111

The Fintech Times

DECEMBER 18, 2023

In response, the Saudi Central Bank (SAMA) is now taking action. The Saudi Central Bank has now issued new ‘ Rules for Regulating Buy Now Pay Later (BNPL) Companies ‘ as part of its role in supervising and controlling the BNPL companies.

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Central Bank BNPL Rules Procedures 104

Fintech News

JULY 4, 2024

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging.

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Central Bank AI Correspondent Bank Correspondent 102

Fintech Finance

DECEMBER 12, 2024

Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online. Apple pay empowers consumers with a safer, more convenient way to pay, whether in-store or online.

Visa 98

Visa Central Bank Debit Card Encryption 98

Fintech Finance

SEPTEMBER 19, 2024

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the region.

Central Bank 104

Central Bank Service Provider Payment Service Provider (PSP) Regulatory Compliance 104

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. This innovation brings speed and security to daily transactions, empowering businesses and individuals to embrace a cashless economy.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Payments Source

APRIL 13, 2020

Central banks are releasing trillions of dollars to bolster economies through the coronavirus pandemic, giving rise to a pair of trends that could push merchants and consumers to embrace digital currencies as a mainstream payment alternative.

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Digital Currency Central Bank Payments Economy 185

PYMNTS

DECEMBER 1, 2020

And, of course, as the pandemic hit, a multitude of central banks took a deep dive into the potential risks and rewards of issuing digital central bank currencies, ranging from digital dollars to euros to, well, pretty much everything. Central bank efforts are good. Stop Before They Start? .

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Digital Currency Central Bank Stablecoins Cross-Border Payments 117

Fintech News

JANUARY 21, 2025

Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation. In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud.

Payment APIs and Integration 107

Payment APIs and Integration Finance Cross-Border API 107

Fintech News

SEPTEMBER 23, 2024

The BOT will now assess the applicants based on their qualifications, potential, and capacity to operate a virtual bank, in accordance with the Ministry of Finance’s guidelines issued on 4 March 2024. The evaluation will also consider the benefits to the Thai economy and the stability of the financial system.

Central Bank 110

Central Bank Bots Caps Assessments 110

The Fintech Times

MAY 23, 2024

UAE-based Comera Pay, the fintech arm of Comera Financial Holding, has received preliminary approval from the Central Bank of the UAE to operate under two key financial licences. Leveraging technologies like advanced data encryption, the company aims to power faster digital payments and help advance the UAE’s cashless economy. “We

Economy 105

Economy Security Encryption Data Encryption 105

Clearly Payments

OCTOBER 31, 2024

The economy today is tech-driven and payment methods are a key part of that paradigm. Central Bank Digital Currencies (CBDCs) Overview : Central Bank Digital Currencies (CBDCs) are digital forms of a country’s national currency, issued and regulated by the central bank.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Fintech Times

AUGUST 23, 2024

Following the collapse of Soviet control, Mongolia rapidly transitioned to a free-market economy by 1992, embracing economic reforms that opened the door to global trade and investment. Mongolia is currently classified as a lower-middle-income economy, with a gross domestic product (GDP) per capita exceeding $5,000.

Economy 115

Economy FinTech Governance Government 115

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. This innovation brings speed and security to daily transactions, empowering businesses and individuals to embrace a cashless economy.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the Central Bank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

The Fintech Times

JUNE 26, 2024

Artificial intelligence (AI) is transforming industries across the globe, and central banks are no exception. According to a new report by the Bank for International Settlements (BIS) , central banks must embrace AI to harness its full potential and anticipate its far-reaching impacts on the economy and financial systems.

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Central Bank Risk AI Money Laundering 59

The Fintech Times

FEBRUARY 4, 2025

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Historically, Senegals economy has centred around agriculture, particularly peanuts.

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

Fintech News

APRIL 3, 2024

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining the ranks of Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

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Cross-Border Payments Cross-Border Central Bank Payments 141

The Fintech Times

MARCH 12, 2025

Payments giant Mastercard has been busy forging three new partnerships in the UAE, with Al Etihad Payments , the payments infrastructure provider and subsidiary of the Central Bank of the UAE ; LikeCard , an e-commerce prepaid card platform; and credit-as-a-service platform CredibleX.

Visa 75

Visa Financial Literacy Small Business Payments 75

Fintech News

JANUARY 9, 2024

The government’s aim with this initiative is to invigorate Thailand’s economy, the second-largest in Southeast Asia, targeting a growth rate of at least 5% annually. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.

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Central Bank Legal Governance Government 132

The Fintech Times

DECEMBER 21, 2024

This launch reflects Paymob’s ongoing commitment to empowering businesses of all sizes to thrive in the digital economy by providing them with access to cutting-edge technologies that increase sales and fuel growth while enhancing customer experiences.

Security 59

Security Central Bank Economy On-Demand 59

The Fintech Times

MARCH 25, 2025

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Fintech Finance

DECEMBER 9, 2024

The partnership is set to deliver Sharia-compliant BNPL services to customers and merchants in Qatar, providing flexible financing solutions that promote financial inclusion and support the growth of the nations digital economy.

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BNPL Financial Inclusion Central Bank Economy 52

The Fintech Times

MARCH 14, 2025

Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies, according to new data revealed by EBANX , the global payment service provider (PSP). Through this, many fintechs now have a similar reach to themajor traditional banks in emerging markets such as Brazil.

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Continuity Debit Card Push-to-Card Credit Cards 64

The Fintech Times

NOVEMBER 4, 2024

Nepal’s economy is very much reliant on agriculture. However, recognising a need for change, Nepal is actively aiming to develop its economy and technological capabilities. The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards.

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

The Fintech Times

JANUARY 21, 2025

Paymob , the digital payments provider for the Middle East and Africa, has secured a full operating licence from the Central Bank of the United Arab Emirates , enabling the company to play an important role in the country’s digitisation. “Effectively we want to capture the UAE market,” Shawky adds.

Economy 75

Economy Security Central Bank Settlement 75

The Payments Association

NOVEMBER 27, 2024

The Central Bank of Bahrain (CBB) has updated its open banking framework, mandating all licensed banks to expose APIs for corporate accounts. The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers.

Third-Party Service Provider 88

Third-Party Service Provider API Legal Financial Inclusion 88

The Fintech Times

AUGUST 8, 2024

Ziina , a UAE-based financial platform supporting consumers and entrepreneurs, has secured the Stored Value Facility (SVF) licence from the UAE Central Bank , enabling it to expand its range of financial services. per cent to the non-oil gross domestic product (GDP), their role in the economy is vital. per cent in 2022 to 19.4

Central Bank 59

Central Bank Security Financial Inclusion Economy 59

The Payments Association

DECEMBER 7, 2023

Markets will find out whether central banks have managed to control inflation and normalise interest rates, or whether a replay of the monetary turmoil of the 1970s and 1980s is on the horizon. In Britain, 13 years of Conservative government will come to an end. Read more

Economy 88

Economy Central Bank Finance Governance 88

The Fintech Times

MARCH 27, 2025

Today, we process over one billion transactions monthly, with total payment volume exceeding $22billion; enabling businesses and individuals in Nigeria to digitise their operations and thrive in its rapidly evolving economy. Fuelling local economies and boosting national GDP has significant benefits for all.

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. China, meanwhile, is also advancing plans for a central bank digital currency (CBDC), Bloomberg reported.

Digital Currency 121

Digital Currency Central Bank Federal Reserve Money Laundering 121

Fintech News

FEBRUARY 2, 2025

2) Digital Assets: A Borderless Economy Digital assets are revolutionising how value is stored and transferred, offering continuous access to capital while bypassing traditional barriers. Through global collaboration, AI can unlock unprecedented opportunities for financial institutions and consumers alike.

Innovation 131

Innovation Finance AI Encryption 131

The Fintech Times

JULY 2, 2024

Aani, operated by Al Etihad Payments , has become a crucial part of the Central Bank of the UAE’s National Payment Systems Strategy (NPSS), which aims to create a digitised, cashless economy in the UAE. Mashreq led the first stage of Aani’s implementation alongside seven other UAE-based financial institutions. .”

Instant Payments 59

Instant Payments Central Bank Payment APIs and Integration Real Time Payments 59

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. Relying on outdated technology slows digital asset adoption, increases operational overhead, and makes it harder to compete in an increasingly digital-first economy.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

Fintech Finance

JANUARY 31, 2025

AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil.

Payments Institute 59

Payments Institute Cross-Border Continuity Cross-Border Payments 59

The Fintech Times

JANUARY 28, 2025

In August 2023, the Central Bank of Jordan (CBJ) announced a new aim for financial technology and innovation in the country with its Executive Programme for the Economic Modernisation Vision (20232025).

FinTech 64

FinTech Central Bank Financial Inclusion Payment Initiation 64

Fintech Finance

MARCH 12, 2025

Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies. As a result, these institutions now have nearly the same reach as the major traditional banks in emerging markets such as Brazil.

Issuers 59

Issuers Transactions Payment Service Provider (PSP) Debit Card 59