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BRICS has made efforts to create payment system based on digital currencies and blockchain to reduce reliance on US dollars in settlement.
blockchain, digital payments, report, de-risking, tokenization
UK-based lender Standard Chartered Bank has expanded in the MENA region with the launch of its full-fledged banking operations in Egypt.
expansion, banking, lending, banking license
Richard Turrin, Author of ‘Cashless’, reveals the true potential of e-CNY that goes beyond retail payments and insights into ways of breaking the dollar monopoly on oil trade.
CBDC, digital payments, banking, fintech, distributed ledger technology, blockchain, WeChat Pay, Alipay
The Central Bank of Argentina has issued a statement which said that it enabled the Chinese yuan as a currency form in savings and checking accounts.
banking, fintech, inflation, payments , cross-border payments, ecommerce, digital banking, FX , transactions
BRICS countries have announced they are currently developing a single payment system that will be called BRICS Pay.
BRICS, single payment system, BRICS Pay, mobile payments, mobile application, smartphone, digital wallet, Brazil, Russia, India, China, South Africa
Russian MDM Bank has partnered China’s Union Pay national payment system to issue Union Pay-based cards, standartnews.com reports, citing the Russian news agency Itar Tass.
China, Russia, Union Pay, MDM Bank, payments system, online payments, national payments system, cards, online transfers, money transfers