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.

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Central Bank Digital Currency Economy Assessments 90

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.

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Central Bank Digital Currency Money Laundering CBDC 64

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 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 130

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.

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Continuity ISO 20022 ISOs Central Bank 98

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.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

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.”

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

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.

Economy 57

Economy Central Bank On-Demand Government 57

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

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth?

FinTech 59

FinTech Central Bank Digital Currency Economy 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

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.

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Bitcoin Central Bank Governance Government 116

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 117

FinTech Central Bank Agreements Finance 117

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

The Fintech Times

SEPTEMBER 22, 2024

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia’s economy is projected to grow by 5.8 Cambodia has also ventured into central bank digital currencies (CBDCs).

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

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

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 Governance 81

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.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

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

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 Governance Government Economy 51

The Fintech Times

AUGUST 12, 2024

In 2022, Malaysia’s economy was divided as follows: agriculture contributed 8.92 Malaysia is both a major economy in the ASEAN region and also in the fintech space IMAGE SOURCE GETTY Malaysia’s fintech landscape Malaysia is a major player in the fintech space within the ASEAN region, boasting at least 549 fintech companies.

FinTech 64

FinTech SDN Central Bank Economy 64

The Fintech Times

SEPTEMBER 24, 2024

Economic reforms in the 1980s, known as the ‘New Economic Mechanism,’ helped shift the country from a centrally-planned to a market-oriented economy. A quarter of the population still lives below the poverty line, and the economy is heavily dependent on mining and hydropower. However, challenges persist.

Financial Inclusion 64

Financial Inclusion Digital Payments Cross-Border Central Bank 64

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.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

Fintech Finance

OCTOBER 4, 2024

The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. The digital economies of India, Latin America, and Africa together will surpass US$ 1.3 Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also mentioned in the analysis.

Consumer 98

Consumer Credit Cards Online and Mobile Banking Instant Payments 98

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech Finance

AUGUST 27, 2024

We are excited to extend our partnership with Mexipay to bring the benefits of real-time payments to the Mexican economy,” said Alberto Olivares, head of Latin America, ACI Worldwide. But despite its head start in the region, the country is one of the slowest-growing real-time markets in Latin America, with a projected CAGR of 7.8%

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59

FinTech Online and Mobile Banking Central Bank Digital Currency 59

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.

Central Bank 51

Central Bank Credit Cards Governance Government 51

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. CBDCs Central Bank Decentralised Currencies (CBDCs) is a form of digital currency, that is issued and regulated by the central bank of a country.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

PYMNTS

NOVEMBER 6, 2020

However, employment in government declined. He added that “more than the usual examination of the payrolls data is required because private employment expanded by 942,000 while government jobs dropped by 268,000, most of which is because of the end of federal Census employment.”. The number of unemployed people fell in October by 1.5

Economy 57

Economy Central Bank Payroll Governance 57

The Fintech Times

OCTOBER 10, 2024

In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. This is due in large part to tourism.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

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.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Governance 79

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

The Fintech Times

AUGUST 21, 2024

Bahrain is preparing for the second edition of Fintech Forward t his October, bringing together global fintech experts, financial institutions, governments and regulators.

Returns 69

Returns Blockchain AI FinTech 69

The Fintech Times

SEPTEMBER 2, 2024

Designed to be one of Asia, Europe, and North Africa’s premier annual fintech events, 24 Fintech is hosted by Saudi Arabia’s Financial Sector Development Program (FSDP), the Saudi Central Bank , the Capital Market Authority (CMA), and the Insurance Authority.

FinTech 59

FinTech Central Bank SARS Authorization 59

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.).

Posting 83

Posting Central Bank Digital Currency Economy 83

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The BOT and relevant government agencies engaged in dialogues to address legal, accounting, and AML/CFT aspects associated with CBDC implementation.

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CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120