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“Mir”: Russia develops alternative electronic transfers to circumvent Western restrictions

by on March 19, 2022 0
Russia has developed alternative electronic transfers to circumvent Western restrictions. ‘Mir’ offers an alternative to Visa and MasterCard, which have stopped providing international transaction services to Russian customers The sanctions also targeted Russia’s holdings of euros and US dollars to prevent the country from trading internationally. However, according to the report, Moscow is putting... Read More

Cash is king in these uncertain times

by on March 17, 2022 0
When I drew attention a few weeks ago to the fund’s high cash holding as its greatest strength under current conditions, I was thinking of the need to rein in inflation and the likelihood of further monetary tightening by the main central banks of advanced countries. A few days later, the specter of war... Read More

SMEs to borrow against card sales with Linked Finance

by on March 4, 2022 0
Merchant Cash Advance allows for flexible repayments that scale with a business’s sales Exchange Niall O’Grady, Tied Financing. Photo. Bryan Mead Digital lending platform Linked Finance has launched a new lending product that allows businesses to unlock their daily cash flow from card payments as a funding source. Merchant Cash Advance will allow businesses... Read More

How sanctions create a risky tangle for Russian bonds

by on March 1, 2022 0
1. What are sanctions for? As part of a package of measures in response to Russia’s invasion of Ukraine, the United States banned investors from buying Russian government bonds sold after March 1 on the secondary market, where they trade after their initial sale. European Union sanctions also block the granting of “any new... Read More

Technology Law in Turkey: Highlights of 2021 – Commentary

by on February 25, 2022 0
Data protection obligations of the employer in the remote work regulationRegulations on the non-use of crypto assets in paymentsAmendments to the regulation on authorization in the electronic communications sectorGuideline on Commercial Advertising and Unfair Commercial Practices by Social Media InfluencersRegulation on the disclosure of confidential information Draft regulation amending the Regulation concerning consumer rights... Read More

Internet banking is thriving | The star of the day

by on February 12, 2022 0
The shift from manual banking to its digital means is certainly not a new phenomenon for the banking industry in Bangladesh. But the advent of the coronavirus pandemic has caused customers from all walks of life to focus on online banking to reduce the risk of contracting the deadly flu. Transactions through online banking... Read More

Asia Morning Call-Global Markets | Reuters

by on February 9, 2022 0
February 10 (Reuters) – ——————————————– ——————————————— ————————————————– ——————————————— ————————————————– ——————————————— Join now for FREE unlimited access to Reuters.com Register ————————————————– ————————————— ** indicates the closing price All prices from 6:21 p.m. GMT SHARES GLOBAL – Global equities rallied on Wednesday, with Wall Street rising again on a boost from Big Tech and European stocks... Read More

Government debt yields end mixed

by on January 23, 2022 0
Government securities (GS) yields ended last week lackluster after a sell-offff US Treasuries as traders anticipated more aggressive interest rate hikes from the Federal Reserve. GS yields, which move opposite to prices, rose a weekly average of 5.01 basis points (bps), according to PHP Bloomberg Valuation Service benchmark rates published on the Philippine Dealing... Read More

Gross borrowing reached 2.78 trillion pesos

by on January 16, 2022 0
BW FILE PHOTO GROSS BORROWING by the national government reached P2.78 trillion at the end of November as it continued to raise funds for the pandemic response, according to preliminary data from the Bureau of Treasury (BTr). In the first eleven months of 2021, gross borrowing decreased by 8.9% from the P3,050 billion raised... Read More

Bond yields on a downward path

by on December 24, 2021 0
KARACHI: Yields on government debt securities have been falling in both primary and secondary markets over the past week, as they have accumulated a 22-65 basis point (bps) decline on three-month to 10-year bonds after the authorities took action. to correct an “unwarranted” increase in returns. Yields fell 15 to 25 basis points on... Read More

Mortgage Rates Today Are Going Down | December 15, 2021

by on December 15, 2021 0
Iinterest rates are lower today. The average rate for a 30-year fixed-rate purchase loan has fallen to 3.607% while the rate for a 30-year refinance has fallen to 3.797%. While most types of loans have seen their rates drop, the rate on a 15-year fixed-rate mortgage has increased to 2.604% for purchase loans and... Read More

Digital finance to support Thai growth next year – End Min

by on December 15, 2021 0
BANGKOK, Dec.15 (Reuters) – Thailand’s digital finance will boost economic growth next year, helping small businesses gain better access to credit after struggling to stay afloat during the pandemic, the finance minister said on Wednesday. Small and medium-sized enterprises (SMEs), the backbone of Southeast Asia’s second-largest economy, have been hit hard by declining incomes... Read More

Qatar International Islamic Bank (QIIB) launches QMP eWallet – Qatar Mobile Payment System

by on November 10, 2021 0
QIIB first Islamic bank in Qatar to provide this service to both non-clients and clients Omar al-Meer: The electronic wallet represents a qualitative addition to the wide range of digital services provided by the bank. QIIB has announced the launch of its latest contactless payment solutions – QMP eWallet, offering customers the ability to... Read More

UK faces ‘choppy growth, rising inflation and rising income inequality’ – business live | Business

by on November 9, 2021 0
Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business. The surge in risky asset prices this year has made them increasingly vulnerable to a drop if economic growth worsens, the pandemic escalates, or investors lose confidence. That’s the message from the US Federal Reserve, which is... Read More

A bridge between cryptocurrencies and Fiat

by on November 8, 2021 0
Paying for products and services using a phone app has become common these days. Perhaps this practice is even more common than using cash right now. According to Statista, 427 million users used payment services like Apple Pay, Google Pay, and Samsung Pay. Not to mention other wallet and payment apps, including those that... Read More

What exactly will happen to eNaira?

by on October 27, 2021 0
Posted 28 October 2021 Months after the announcement of Nigeria’s digital currency, eNaira, they still haven’t told us what exactly it can accomplish that isn’t already possible. From everything they’ve said so far, eNaira appears to be a duplication of existing efforts in the electronic banking industry. After an initial false start and several... Read More

UK retailers see unexpected drop in retail sales

by on October 24, 2021 0
Retail sales in Britain fell for the fifth consecutive month, The Guardian reported. The 0.2% drop in September was unexpected, comes despite the removal of most pandemic-related restrictions, and marks the worst crisis since modern records began in 1996. The Office for National Statistics said sales volumes fell for household goods stores, drugstores, toy... Read More

Companies are going global to expand their presence

by on October 23, 2021 0
Companies around the world are going beyond their home markets to achieve economies of scale, source raw materials at low prices, reduce costs and enter new markets. Likewise, many Bangladeshi businesses are expanding overseas to find larger markets for their products and services and fuel their next phase of growth. Their success will depend... Read More

Red and blue RBA in 2021

by on October 21, 2021 0
RBA Governor Philip Lowe Changes Central Bank Capital Framework (AAPIMAGE) The Reserve Bank of Australia recorded a “book loss” of A $ 4.3 billion, its first in years, with unrealized valuation losses exceeding the sum of the other components of profit, according to the 2021 annual report of the RBA. Despite the book loss,... Read More

International Business Machines: Major Financial Institutions Release Detailed Report on Central Bank’s First Digital Currency Experiment to Settle French Government Bonds

by on October 19, 2021 0
Paris, October 19, 2021 – A consortium of institutions led by Euroclear successfully experimented with central bank digital currency (CBDC) for the settlement of French Treasury bonds on a test blockchain. The experiment, sponsored by the Banque de France, included Agence France Trésor, BNP Paribas CIB, Crédit Agricole CIB, HSBC, Société Générale. IBM (NYSE:... Read More

Analysis: Cryptocurrencies Will Not Be Part of the Modern Monetary System

by on October 15, 2021 0
The views and opinions expressed in this article are those of the author. Electronic money and cryptocurrencies, particularly Bitcoin, have returned to the fore. Bitcoin was recently legalized in Ukraine and introduced as legal tender in El Salvador. The question is: are cryptocurrencies currencies or “money”? The question is not technological but legal. This... Read More

Government wants N $ 2 billion next week on Wednesday

by on October 14, 2021 0
The Bank of Namibia has issued an invitation to buy government bonds and is looking to raise over N $ 2 billion for the state kitty by next Wednesday. Both normal (N $ 1.6 billion) and inflation-linked (N $ 400 million) bonds are offered. Government bonds are financial instruments through which the government borrows.... Read More

Treasury moves M-Akiba from NSE to Central Bank

by on October 9, 2021 0
By JAMES ANYANZWA The Kenya National Treasury has moved the issuance of its mobile government bond program, known as M-Akiba, to the Central Bank, away from the Nairobi Securities Exchange and the Central Depository and Settlement Corporation. . This is after the initial retail bond failed due to poor timing, misunderstanding of the product,... Read More

FEATURED: The journey of electronic transaction interoperability in Rwanda in the eyes of RSwitch | New times

by on October 5, 2021 0
The interoperability of electronic transactions remains one of the barriers to the ease of doing business in Rwanda, hampering the country’s ambitions to become a cashless economy. The solution allows customers of different financial service providers to exchange financial transactions with each other, for example by making direct transfers from the mobile money account... Read More

Africa is faster in adopting crypto

by on September 29, 2021 0
In forecast for the year ending June 2021, Africa has raised $ 105.6 billion in cryptocurrencies, fueled by peer-to-peer (P2P) transactions in major growing countries. Kenya, Nigeria, South Africa and Tanzania were among the top 20 markets in the Global Crypto Adoption Index, with some of the highest baseline adoption rates in the world.... Read More

As Polaris Bank’s VULTe redefines digital banking

by on September 26, 2021 0
Banking Polaris Bank’s massive investment in basic IT infrastructure gave impetus to what has become today a stable financial service for its clients, with the VULTe platform becoming the new bride of the digital banking ecosystem, writes Nume Ekeghe Recently, the Nigeria Inter-Bank Settlement System (NIBSS), in its report titled: “Instant Payments – Annual... Read More

Global stocks advance after Fed signals support easing

by on September 23, 2021 0
AP – Global stocks were mostly higher yesterday after the Federal Reserve signaled it may start easing its extraordinary support measures for the United States (US) economy later this year. Benchmarks rose in Paris, London, Hong Kong, Shanghai and most other markets. US futures were higher. Markets have been closed in Tokyo for a... Read More

Bhutan to pilot digital currency with Ripple technology

by on September 23, 2021 0
Bhutan’s central bank is to use Ripple’s private ledger CBDC to pilot a central bank digital currency. Building on its current payment infrastructure, the Royal Monetary Authority will pilot retail, cross-border and wholesale payment use cases for a phased digital Ngultrum using Ripple’s blockchain technology. “Our collaboration with Ripple is a testament to the... Read More

Speech by Mr. Harvesh Seegolam, Governor, Bank of Mauritius at the launch of the MauCAS QR Code

by on September 20, 2021 0
Directors of the Board of the Bank of Mauritius First Deputy Governor Second Deputy Governor The general manager of the MBA CEOs of banks and financial institutions President of the Association of General Retailers Members of the press Distinguished guests Ladies and gentlemen Dear online viewers A very good afternoon. It is a pleasure... Read More

Thirteen Days Before E-Naira Launch, Here Are Six Things You Need To Know

by on September 17, 2021 0
Screenshot of CBN Governor Godwin Emefiele. In June 2021, the Central Bank of Nigeria (CBN) announced plans to launch a digital currency called ‘e-Naira’ by October 2021, joining 81 countries that are heavily considering digital currencies. The CBN’s decision follows two years of thinking about digital currency technology. Additionally, the CBN’s intention to achieve... Read More

Mortgage rates are falling today, but volatility remains a risk

by on September 8, 2021 0
Mortgage rates have fallen today after starting the week by jumping noticeably higher yesterday. Today’s gains are due to worries about global growth at the start of the trading session and a strong 10-year Treasury auction during domestic market hours. Mortgage rates this morning weren’t too better than yesterday, but several lenders offered improvements... Read More

Regulating Digital Payment Services: Considerations for Canadian Policymakers | Dentons

by on September 1, 2021 0
Advances in contactless payment technology like tap to pay debit cards and Apple Pay have increased consumer demand for cashless payment methods. This demand has been amplified by the COVID-19 pandemic, as individuals have become uncomfortable with cash and online shopping has replaced physical activity (we discuss these trends in a four part series).... Read More

CBDC launches unlikely to condemn dollar dominance

by on August 22, 2021 0
Mid-August marked the 50th anniversary of the ‘Weekend That Changed the World’ when US President Richard Nixon suspended dollar-to-gold convertibility at a fixed price and rolled the curtain on the Bretton International Monetary System. Woods. The next half century brought many In a monetary perspective, one of the most important was the continued dominance... Read More

How US payment groups got on the wrong side of India’s plans

by on August 22, 2021 0
In mid-2018, Ajay Banga, then CEO of Mastercard, enthusiastically championed Indian Prime Minister Narendra Modi’s efforts to promote electronic payments in the country’s cash-dominated economy. Modi “gets it,” he told an audience in New York City, highlighting the role of cash in everything from terrorist financing to the illegal drug trade. Three years later,... Read More

Australian ignores weakness in retail sales

by on August 4, 2021 0
Australian dollar prolongs its rally The Australian dollar continues to impress and is in positive territory for a third day in a row. AUD / USD entered 74 territory earlier today before pulling back slightly. Australian dollar ignores drop in retail sales The news was not good for Australian retail sales, but the Aussie... Read More

Deepening Nigeria’s Payments System | THIS DAY

by on July 20, 2021 0
Donald nwaogu The Central Bank of Nigeria (CBN) recently unveiled its intention to launch its digital currencies before December 2021. With this plan, the CBN joins over 70% of central banks around the world who are respectively studying payment technology following increasing investor interest in cryptocurrency. In addition, technological advancements in recent years, which... Read More

CEMAC: BEAC reactivates the financial standardization committee to ensure good management of new payment systems

by on July 13, 2021 0
(Business in Cameroon) – On July 7, 2021, the CORENOFI Financial Normalization Technical Committee of the Bank of Central African States (BEAC) emerged from its decades-long hibernation. It was reactivated by Abbas Mahamat Tolli (photo), governor of the BEAC, during a meeting in Douala. According to a note published at the end of the... Read More

Barclays Trading Desks at Full Power: Qatar Forum

by on June 23, 2021 0
This content was published on June 23, 2021 – 13:59 June 23, 2021 – 1:59 PM (Bloomberg) – Barclays Plc chief executive Jes Staley told the Qatar Economic Forum that most of the bank’s traders have returned to their desks after more than a year of restrictions. Earlier, Emmanuel Roman, CEO of Pacific Investment... Read More

RBI explores avenues to park reserves

by on June 13, 2021 0
The Reserve Bank of India (RBI), which currently holds record foreign exchange reserves of over $ 600 billion, is exploring the possibility of investing in top-rated foreign corporate bonds to generate higher returns, said two people familiar with the matter. Approval of the plan will mark a departure from the RBI’s current strategy of... Read More

Take Five: Focus on Fed-flation | WKZO | All Kalamazoo

by on June 11, 2021 0
1 / FÉD-FLATION GROUNDS Markets will listen intently to what the Federal Reserve has to say about inflation at the end of their two-day meeting on Wednesday, amid fears that billions of dollars in fiscal stimulus could fuel higher consumer prices. After years of very low inflation, a range of measures, including the Fed’s... Read More

Cuba suspends dollar cash deposits on the island

by on June 11, 2021 0
The Central Bank of Cuba (BCC) has “temporarily” suspended dollar cash deposits on the island, a measure that applies to both Cubans and foreigners, state newspaper Granma reported Thursday. The measure will come into force on the next June 21st, the day when Cuban banks will no longer be able to receive dollars to... Read More

Government fully allocates reissued Treasury bonds

by on June 1, 2021 0
THE BUREAU of the Treasury fully allocated the 25-year reissued bonds on Tuesday. – NB FILE PHOTO The GOVERNMENT has granted a full allotment of the reissued Treasury Bonds (T-bonds) he offst Tuesday because the rate sought for the tenor was generally consistent with returns on the secondary market. The Treasury Office (BTr) raised... Read More

Form 8.3 – Sanne Group PLC

by on May 24, 2021 0
Bloomberg Race to avert disaster at China’s biggest ‘bad bank’ (Bloomberg) – It was past 9 p.m. on Financial Street in Beijing when the character inside the Huarong Tower took an ink brush and, with trained strokes, began to put characters on paper. Another grueling day of work was drawing to a close for... Read More

$ 2 billion crypto scam: Turkish Thodex exchange goes silent, sparks outcry from users

by on April 22, 2021 0
Hundreds of thousands of users of a Turkish cryptocurrency exchange, Thodex, were unable to access their digital assets after the trading platform abruptly halted trading on Wednesday, sparking allegations of fraud and thousands of criminal complaints. Thedox released a statement on its website Thursday saying it would be closed for four to five days... Read More
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