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.

Central Bank 90

Central Bank Digital Currency Economy Assessments 90

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 122

Central Bank Legal Government Governance 122

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

NOVEMBER 12, 2024

In the Regulation Zone , over 3,400 government and regulatory attendees from 665 central banks, regulatory institutions, and government organisations explored areas such as artificial intelligence (AI), quantum research, cross-border data flow, and digital asset growth.

FinTech 81

FinTech Cross-Border Central Bank Participant 81

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

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 Governance 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

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.

Bitcoin 116

Bitcoin Central Bank Government Governance 116

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 97

Real Time Payments Financial Inclusion Central Bank International Payments 97

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

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.

Continuity 90

Continuity ISO 20022 ISOs Central Bank 90

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

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 Digital Currency Central Bank Economy 59

The Fintech Times

OCTOBER 25, 2024

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. UPI enabled users to use their phones as virtual debit cards, allowing secure, instant transfers between almost 600 banks and fintechs without the need for bank details or transaction fees.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 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 Governance 81

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 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

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

The Fintech Times

NOVEMBER 14, 2024

In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. Other goals of the Strategy included developing e-government services and platforms and promoting economic growth via digital transformation of the fintech and banking sectors.

FinTech 72

FinTech Online and Mobile Banking Financial Inclusion Central Bank 72

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 109

FinTech Central Bank Agreements Finance 109

The Payments Association

OCTOBER 14, 2024

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. These design flaws could undermine efforts to create a public digital payments system for the future economy. But if we consider the multitude of ways to stop bank runs, we are missing some important successes.

Privacy 88

Privacy Addressing CBDC Payer 88

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.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

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

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

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

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

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

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

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

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

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

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 Government Governance 51

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 83

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 83

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

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 Digital Currency Central Bank 59

The Fintech Times

MAY 27, 2024

ZainCash Iraq , a payment service provider and subsidiary of March Holding , has implemented Temenos’ core banking and payments platform to drive the growth and innovation of its digital payment services.

Financial Inclusion 59

Financial Inclusion Payment APIs and Integration Technology Central Bank 59