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Central Bank Economy Governance 
PYMNTS
OCTOBER 1, 2020
The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. The central bank’s legal office has filed an application for the trademark with the European Union Intellectual Property Office, which was confirmed by a spokesman for the ECB, the news service reported.
90 
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.
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.
116 
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?
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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.
115 
Fintech News
SEPTEMBER 3, 2024
Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 The digital handout, a central part of the ruling Pheu Thai Party’s election platform, aims to stimulate the Thai economy, which grew by 2.3%
85 
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.
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.
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.
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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.
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.
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.
81 
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.
52 
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.
91 
PYMNTS
OCTOBER 13, 2020
While coronavirus infections continue to rise in Europe, they'll likely have less of an economic impact this time around, Klaas Knot , Dutch central bank president and European Central Bank board member, said on Tuesday (Oct. Meanwhile, Business 20 warned recently that the global economy was in deep trouble.
57 
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.
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.
100 
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?
78 
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.
111 
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.
52 
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.
59 
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.
137 
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.
76 
Fintech Review
DECEMBER 31, 2024
With their growing economies and youthful populations, these regions present significant opportunities. The Central Bank of Kenya introduced regulations enabling mobile money systems like M-Pesa to thrive. This regulatory flexibility allowed non-banking institutions to offer financial services.
111 
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.
119 
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.
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.
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.
53 
PYMNTS
SEPTEMBER 22, 2020
21), European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies, according to her prepared opening remarks. Speaking before the Franco-German Parliamentary Assembly on Monday (Sept.
110 
Open Banking Excellence
JULY 1, 2024
This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. It’s your North Star.
130 
PYMNTS
OCTOBER 16, 2020
As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years.
112 
PYMNTS
JULY 26, 2020
of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. UPI was established by the central bank and is owned by a group of local lenders. Transaction volume of the platform soared to a record 1.34 There’s a huge opportunity,” Shah said.
123 
PYMNTS
JULY 2, 2020
OPay , the SoftBank -backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. The Central Bank of Nigeria has been looking to license more payment providers, PYMNTS reported last December.
PYMNTS
OCTOBER 15, 2020
Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported. USDC, for its part, has seen over 500 percent growth in the past half year and has expanded to more than 2.8 billion USDC in circulation, according to the announcement.
119 PYMNTS
SEPTEMBER 17, 2018
Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for Turkish lira and 1.80 percent for foreign exchange transactions.
51 
Fintech Finance
SEPTEMBER 27, 2024
Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India’s digital public goods across the globe. We look forward to working closely with the Ministry of Digital Transformation and the Central Bank in Trinidad and Tobago.”
PYMNTS
OCTOBER 23, 2020
We’re in a unique recession, he said, with government responses (read: stimulus) coming in waves to meet the challenges of economic activity that remains decimated as businesses of all types have had to shutter. economy as traveling along a V-shaped recovery , Sheard said, then we’re roughly halfway up the “second leg” of the V.).
83 
PYMNTS
SEPTEMBER 21, 2020
Bank shares suffered, too, with lenders, including Lloyds Banking Group and Barclays , seeing declines, Deutsche Bank seeing a 8 percent drop, and HSBC 's London-listed shares falling 5 percent. government bonds rallied, and the U.S. dollar snapped a losing streak, while the S&P 500 index fell 1.2 stocks, FT reported.
104 
The Fintech Times
AUGUST 6, 2024
The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.
116 
PYMNTS
DECEMBER 16, 2020
Citing the central bank's Summary of Economic Projections released Wednesday (Dec. 16), the bank upped its positivity. In September, the bank expected there to be a 3.7 Recently, the government has begun to distribute vaccines, which so far are going to the most vulnerable and in-need. percent, CNBC reported.
97 
PYMNTS
DECEMBER 22, 2020
The challenge has always been the ability of SMBs to connect to larger businesses and large payers like NGOs, governments and multilaterals," said Hale. Companies like Kountable are looking to empower SMBs with resources like technology and networking to drive economies of scale.
106 
PYMNTS
JULY 2, 2020
Roberto Campos Neto also said in a webcast reported via the Congresso Em Foco news site that the government never blocked the service, which Facebook shut down last week — just days after launching it — due to what reports at the time said was a mandate from banking regulators. This news is not true,” he continued.
93 
Fintech Finance
SEPTEMBER 23, 2024
As such, I am delighted to be joining the team to help further expand its offerings to central banks, regulators, market infrastructures, and financial institutions, among others.” On joining Raidiam, Lauren said: “The data economy will be the future lifeblood of nations.
87 
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.
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