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 Government Governance 115

Payments Source

NOVEMBER 9, 2020

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

Bitcoin 116

Bitcoin Central Bank Government Governance 116

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.

Central Bank 132

Central Bank Legal Government Governance 132

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. Mobile phone usage in Senegal has surpassed 60 per cent this year.

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Furthermore, there were major tax cuts which further dampened much-needed government revenues. It was also exploring the idea of public input on the prospect and thoughts on open banking. Could fintech be the catalyst it needs to see a revival?

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

Neopay

APRIL 28, 2025

In a significant move to help the people of Syria rebuild their country and economy after the fall of Assad, the UK government has updated its Syria sanctions regulations. “The Syrian people deserve the opportunity to rebuild their country and economy, and a stable Syria is in the UKs national interest.

Government 52

Government Governance Central Bank Economy 52

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Central Bank 64

Central Bank Digital Currency Money Laundering CBDC 64

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

PYMNTS

JUNE 16, 2020

Even Federal Reserve Chair Jerome Powell said Tuesday the longer the country’s economic downtown persists the potential for more long-term damage to the economy. Until then, firms will have to rely on investor and central-bank willingness to keep the debt machinery humming. In an age where U.S.

Economy 85

Economy Federal Reserve Fed Non-Bank 85

Payments Source

AUGUST 5, 2019

As part of its justification for developing its own government-backed system, the central bank said that leaving only a single fast network run by big banks constitutes a potential risk to the economy.

Real Time Payments 105

Real Time Payments Fed Central Bank Economy 105

The Payments Association

DECEMBER 7, 2023

In Britain, 13 years of Conservative government will come to an end. 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.

Economy 88

Economy Central Bank Finance Government 88

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

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

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.

Central Bank 59

Central Bank Risk AI Money Laundering 59

PYMNTS

JULY 19, 2020

India’s banking system has been plagued by one of the world’s highest bad-loan ratios. Among the problems is a history of bad lending decisions and poor governance, the newspaper reported. Every impact on the economy is transferred to the balance sheets of the banks,” he told the paper.

Central Bank 81

Central Bank Mobile Payments Credit Cards Government 81

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

Fintech News

FEBRUARY 28, 2025

The global economy is increasingly interconnected, and remittances play a crucial role in the financial well-being of millions worldwide. The Role of the NSO in Cross-Border Payments To bring this vision to life, the Nexus Scheme Organisation (NSO) is being established to govern and manage Project Nexus.

Cross-Border Payments 67

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 67

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. Some governments embrace them, others restrict them, and many are still figuring out how to regulate them. Thats why businesses need modern, integrated technology to support payments.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

The Fintech Times

JANUARY 18, 2025

The Saudi Central Bank (SAMA) has teamed up with Google to roll out Google Pay in 2025 through the national payment system ‘mada’ This agreement is part of SAMA’s initiatives to improve the digital payments infrastructure in Saudi Arabia, consistent with the goals of Saudi Vision 2030.

Financial Inclusion 59

Financial Inclusion Central Bank On-Demand Agreements 59

Finovate

NOVEMBER 18, 2024

The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S., where card usage has long been popular. In India, while cash payments still account for 60% of consumer expenditure, digital payments have doubled in the past three years.

Payments Trends 69

Payments Trends Global Payments CBDC Embedded Payments 69

The Fintech Times

SEPTEMBER 27, 2024

In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest. Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

Fintech Finance

MARCH 5, 2024

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The Central Bank of Jordan will benefit from Mastercard’s global expertise to accelerate economic and payments digitization and improve acceptance.

Central Bank 52

Central Bank Visa Digital Payments Financial Inclusion 52

PYMNTS

NOVEMBER 9, 2016

Enter the economy of trust: a simple but powerful concept that has the bank front and center in creating a trusted foundation that can be leveraged across all of its payments, banking and financial services touchpoints. Banks Take On Digital Identity. But who would trust that identity?

Economy 78

Economy Credential Consumer ATM 78

PYMNTS

JANUARY 24, 2020

The move comes after a Bank of Japan decision to join with six other central banks to share knowledge on issuing digital currencies at a later time. The group – which is headed up by Akira Amari, the former economy minister – plans to present its proposal to the government as soon as February.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Government 100

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). Central bank digital currencies CBDC initiatives have garnered interest across both the Middle East and Africa, as evidenced by the CBDC landscape below.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

The Fintech Times

SEPTEMBER 16, 2024

Brunei Darussalam, more commonly known as Brunei, has transformed its economy for the better following the discovery of oil and gas in 1929. However, as the world starts to turn away from fossil fuels, the country is starting to diversify its economy: we explore fintech’s role in Brunei’s new economic plan.

Economy 59

Economy Central Bank Non-Bank FinTech 59

PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). The bank explicated that FMIs are crucial to Jamaica’s financial system and the country’s broader economy, contributing to overall financial growth.

Central Bank 52

Central Bank Settlement Best Practices Regulations 52

The Fintech Times

NOVEMBER 2, 2024

Tucked between the giant economies of China and India, the Kingdom of Bhutan has traditionally kept itself isolated, relying heavily on rural agriculture and local industries. King Jigme Khesar Namgyel Wangchuck serves as the head of state, while Prime Minister Lotay Tshering leads the government.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

PYMNTS

DECEMBER 27, 2018

The European Central Bank warned Thursday (Dec. 27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019.

Central Bank 76

Central Bank Small Business Shutdown Economy 76

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. Sweden’s central bank, Sveriges Riksbank, is the newest financial institution (FI) to connect to TIPS, for example.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

The Fintech Times

SEPTEMBER 14, 2024

With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. These economies have since developed into fully advanced nations.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

The Payments Association

APRIL 28, 2025

Payments Intelligence data reveals that open banking, cross-border payments, and digital currencies have emerged as top areas of interest among industry professionals. The surveys strength lies in its diverse respondent base, comprising decision-makers across all organisational levels, from directors to managers and executives.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

JANUARY 10, 2019

According to the report, 11 Indian state-owned banks will have to wait until February to find out whether RBI will follow through on urgings by Prime Minister Narendra Modi to ease the curbs on lending on at least some banks, in an effort to increase lending and boost the economy ahead of the general elections slated for May.

Central Bank 51

Central Bank Government Governance Economy 51

PYMNTS

SEPTEMBER 12, 2019

The European Central Bank (ECB) is hoping to revitalize the eurozone economy with a stimulus package consisting of a lower main deposit rate and a new bond-buying program, CNBC reported on Thursday (Sept. The central bank could drop the rate even more, depending on inflation. “In percent, a record low.

Economy 53

Economy Central Bank Non-Bank NOV 53

Fintech News

OCTOBER 10, 2024

The country’s journey toward becoming a US$1 trillion economy is being driven by the rapid adoption of digitalization and innovation. This event provides an opportunity for Philippine startups and organisations to attract global attention and investments. This has been a great showcase of a public-private partnership.

FinTech 120

FinTech Central Bank Agreements Finance 120