Articles with tag: central bank

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The Central Bank of Nigeria announces framework for QR code payments

News | Mobile Payments | 15 Jan 2021

The Central Bank of Nigeria (CBN) has announced a framework for QR code payments.

Central Bank of Nigeria, Nigeria, Africa, framework, QR, QR code payments, mobile payments, issuers, acquirers

Central Bank of Kenya releases plan to implement Open Banking

News | Online & Mobile Banking | 13 Jan 2021

The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalisation plan to modernise the country’s domestic payment landscape, according to fintechnews.ae

Kenya Central Bank, open banking, CBK, digitalisation, payment, regulator, API, development, API specifications

Is CDBC the key to unlocking financial inclusion?

Voice of the Industry | Cryptocurrencies | 12 Jan 2021

Gonzalo Santamaria and Jens Seidl from Currency Research discuss the potential CBDCs hold to create new opportunities to individuals that had previously declined financial access

Currency Research, Jens Seidl, Gonzalo Santamaria, commercial banks, central banks, CBDC, financial inclusion, payments, cashless, stablecoins, Bitcoin, cryptocurrency

Saudi Central Bank issues Open Banking policy

News | Online & Mobile Banking | 11 Jan 2021

SAMA, the Saudi Central Bank (previously known as Saudi Arabian Monetary Agency) has issued the Open Banking policy listing the objectives and benefits of it for the local financial sector. 

Saudi Central Bank, Open Banking, banks, fintechs, financial inclusion

N26 secures banking licence in Brazil

News | Online & Mobile Banking | 08 Jan 2021

Germany-based digital bank N26 has received a banking licence from the Brazilian Central Bank, according to AltFi.

N26, Brazil, banking licence, Nubank, Germany, Brazilian Central Bank, digital bank, digital banking, fintech, credit operations, challenger bank

Chinese regulators ask Ant Group to refocus on its payment services provider role

News | Online Payments | 04 Jan 2021

Ant Group has been ordered by Chinese regulators to drastically change its business model and return to its roots as a payment service provider, Bangkok Post reports. 

Ant Group, online payments, regulation, China's central bank, super app

Japan prepares to issue CBDC by 2023

News | Cryptocurrencies | 24 Dec 2020

Japan has been preparing for the issuance of digital currency in both the public and private sectors following swift moves by China and other countries to do the same, according to Japan Times.

CBDC, Japan, MUFG Bank, Sumitomo Mitsui Banking Corp, Mizuho Bank, digital currency, virtual currency, banks, central banks

Central Bank of India, NPCI launch RuPay Select contactless debit card

News | Cards | 23 Dec 2020

Central Bank of India has launched a unique variant of contactless debit card, RuPay Select, in association with National Payments Corporation of India (NPCI).

Central Bank of India, launch, contactless debit card, RuPay Select, National Payments Corporation of India, NPCI, RuPay, debit card, cards

Sberbank urges Russia's central bank to rethink CBDC

News | Cryptocurrencies | 17 Dec 2020

The state-controlled Russia-based bank Sberbank has expressed fears that the Russian Central Bank’s digital ruble plans will have a negative effect on liquidity in the nation.

Sberbank, Russian Central Bank, digital ruble, CBDC, e-wallets, liquidity

EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

News | Online Payments | 15 Dec 2020

WorldRemit has launched a service for Nigeria-based customers that enables them to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

WorldRemit, Nigeria, Central Bank of Nigeria, international transfers, bank transfers, cross-border payments, money transfers, mobile payments, online payments

EMTECH launches test platform for CBDC

News | Cryptocurrencies | 15 Dec 2020

EMTECH has announced its pilot-ready regulatory compliance platform, the Modern Central Bank Sandbox.

CBDC, EMTECH, central banks, Modern Central Bank Sandbox, exclusion, KYC, SME lending, cross-border payments, AML, fraud

Bank of France presents CBDC progress, sets next steps

News | Cryptocurrencies | 14 Dec 2020

Bank of France Deputy Governor has presented the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework.

Bank of France, CBDC, digital euro, regulatory framework, central bank digital currency, banks, cross border payments

Central Bank Digital Currencies for Dummies – A Quick Guide into CBDCs

News | Cryptocurrencies | 09 Dec 2020

The Paypers releases the Central Bank Digital Currencies for Dummies, an ebook which is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, the implications, and risks they pose.

Central Bank Digital Currencies, CBDC, Digital dollar, Digital euro, Chinese yuan, Facebook Libra, Stablecoins, Central banks, Commercial banks, Fintech, Technology providers, Monetary policies, Financial systems, COVID-19, Payments digitalisation, Mobile wallets, Smartphones, Financial inclusion, Customer data, Digital identity, Data privacy, Security

Central Bank Digital Currencies for Dummies – A Quick Guide into CBDCs

Report | Cryptocurrencies | 09 Dec 2020

Central Bank Digital Currencies for Dummies is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, and the implications and risks they pose

Central Bank Digital Currencies, CBDC, Digital dollar, Digital euro, Chinese yuan, Facebook Libra, Stablecoins, Central banks, Commercial banks, Fintech, Technology providers, Monetary policies, Financial systems, COVID-19, Payments digitalisation, Mobile wallets, Smartphones, Financial inclusion, Customer data, Digital identity, Data privacy, Security

Singapore's government launches blockchain innovation programme

News | E-invoicing, SCF & E-procurement | 07 Dec 2020

A group of Singaporean government agencies has announced it is launching a new research program for blockchain technology with about USD 8.9 million USD in funding.

Singapore, blockchain, SBIP, Enterprise Singapore, Infocomm, National Research Foundation, Monetary Authority, trade, supply chain finance, crypto, central bank

Philippine Central Bank introduces digital banking framework

News | Payments General | 30 Nov 2020

The BSP (Bangko Sentral ng Pilipinas) has approved the recognition of ‘digital bank’ as a new bank category that is separate and distinct from the existing bank classifications, according to Regulation Asia.

Philippine Central Bank, digital banking, banks, regulation

Ukraine drafts law to open its payment market

News | Payments General | 30 Nov 2020

The Ukrainian Parliament has registered a draft payment services law that aims to open the Ukrainian payment market.

banking, fintech, PSD2, Ukraine, payments, remittances, e-money, PSPs, banks, payments providers, Ukrainian Central Bank, FX transactions, acquiring services

ECB believes bank profits won't recover before 2022

News | Payments General | 27 Nov 2020

ECB has released its latest stability review, predicting that Europe-based banks will not see profits return to pre-pandemic levels before 2022, according to CNBC.

ECB, European Central Bank, bank, profits, lender, ROE, pandemic, COVID-19, banking, vaccine

Central Bank of Iceland, SIA launch interbank payment system

News | Payments General | 27 Nov 2020

The Central Bank of Iceland (CBI) and SIA have gone live with the new real-time gross settlement system (RTGS) and the new instant payment platform.

Bank to Bank, P2P, P2B payments, B2B payments, real time payments, interbank payments system, partnership, Central Bank of Iceland, SIA