Articles with tag: economic

Found 33 results in 189 milliseconds.

Idemia to power African welfare payments transfer system

01 Sep 2020 | Digital Identity, Security & Online Fraud

Guinea’s National Agency for Social & Economic Inclusion (ANIES) has launched a welfare cash transfer program through a partnership with security services provider Idemia.

Idemia, biometric authentication, MTN network, Guinea National Agency for Social & Economic Inclusion, ANIES, Africa, EMEA, fraud prevention, digital identity, securing transactions, secure payments,

European Commission gives conditional approval to Mastercard's acquisition of Nets

19 Aug 2020 | Payments General

European Commission (EC) has given conditional approval to Mastercard for the acquisition of Nets, the Denmark-based payment solutions provider. 

European Commission, Mastercard, Nets, EC, Denmark, payments, European Economic Area, EEA, account-to-account, A2A CIS, technology

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

The A-Z of the Interchange Fee Regulation and how it shifts the industry – Interview with Payments Europe

24 Jul 2020 | Online Payments

Robrecht Vandormael, Secretary General from Payments Europe, explains the impact of the European Interchange Fee Regulation on merchants, card issuers, and payment providers and what we can expect from the future.

Robrecht Vandormael, Payments Europe, Interchange Fee Regulation, Regulation on Interchange Fees for Card-based payment transactions, European Commission, EY, Copenhagen Economics, interchange fees, cards, credit cards, card issuers, Belgian Minister of Economy, PSD2, SCA, payments, POS, merchants, retail, ecommerce

EU-funded project launched for PPI solutions in Europe

16 Jul 2020 | E-invoicing, SCF & E-procurement

The COSME programme has launched PRONTO January 2020 to inspire, inform and support public buyers in designing, implementing and monitoring PPI procedures.

COSME programme, PRONTO, EU, Europe, PPI procedures, SMEs, economic growth

World Bank approves USD 750 mln loan for India-based MSMEs

08 Jul 2020 | E-invoicing, SCF & E-procurement

The World Bank has approved a loan of USD 750 million to help increase the flow of finance into the hands of MSMEs in India.

World Bank, loan, MSME, India, MSMEs, coronavirus, pandemic, economic shutdown, liquidity, credit requirements, supply chain disruption

CDC, Societe Generale partner to boost African trade

02 Jul 2020 | E-invoicing, SCF & E-procurement

UK-based impact investor CDC Group has closed a USD 100 million trade finance risk sharing facility with Societe Generale.

CDC, Societe Generale, African trade, trade finance, risk sharing facility, local banks, new banks, Francophone West Africa, funding, economic crisis, United Nations, SDG, deficit, International Chamber of Commerce

Visa aims at helping 50 mln SMBs

23 Jun 2020 | Payments General

Visa has announced it will offer a range of services to 50 million SMBs to help them grow, build their online footprints, and promote neighbourhood support. 

Visa, SMBs, digital, Visa Foundation, COVID-19, coronavirus, Visa Economic Empowerment Institute, digital payments, digital, payments, Europe, IFundWomen, partnership, US, POS, Singapore, Italy, South Africa, Visa Back to Business Project, Australia, New Zealand

UK pulse: business sentiment rises but Covid-19 concerns persist

25 May 2020 | Payments General

The Bank of Ireland Economic Pulse has come in at 44.0 in May 2020, recovering a little from the lowest recorded reading in its history in April 2020.

Bank of Ireland, Economic Pulse, study, economy, house prices, consumers, businesses, UK, Ireland, Covid-19

OakNorth receives GBP 160 mln in government-backed loans

22 May 2020 | Payments General

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

Curve Metal launches in Europe

20 May 2020 | Cards

Curve, a UK-based banking platform, has announced that its premium Curve Metal card is available to its customers in the European Economic Area (EEA).

Curve, Premium Metal Card, Europe, UK, cards, European Economic Area, EEA, banking, transactions, Mastercard

Uzbekistan planning to reform banking system

13 May 2020 | E-invoicing, SCF & E-procurement

The president of Uzbekistan has announced planning to reform the banking system and sell off state shares in six Uzbek banks.

Uzbekistan, banking, Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank, Turonbank, National Bank for Foreign Economic Affairs, Agrobank, Microcreditbank, financial, loans

Bank of England releases recession warnings

07 May 2020 | Payments General

The Bank of England has warned that the UK economy will be hit by recession because of the coronavirus pandemic.

Bank of England, recession, coronavirus, pandemic, technical recession, economic decline, interest rates, economic challenge

Over 280 FIs partner with Jack Henry to process PPP loans

28 Apr 2020 | Payments General

More than 280 financial institutions have partnered with Jack Henry Lending to digitally capture and conditionally approve Paycheck Protection Program (PPP) loans.

Paycheck Protection Program, PPP, US, loans, Coronavirus Aid, Relief, Economic Security, SMEs, Jack Henry Lending

Report results lead Swedbank to rebuild AML systems

06 Apr 2020 | Digital Identity, Security & Online Fraud

Swedbank has announced it is overhauling its anti-money laundering (AML) IT infrastructure.

Swedbank, AML, fraud detection, banks, customer validation, transactions, financial sanctions, economic crime, Sweden

Interview with Andrew Cregan on the card fee landscape in the EEA

27 Mar 2020 | Cards

The Paypers interviewed Andrew Cregan, Head of Payment Policy, British Retail Consortium, to learn more about interchange fees’ impact on merchants

Andrew Cregan, British Retail Consortium, BRC, interchange fee, card fee, EEA, European Economic Area, merchants, scheme fees

Fintechs lobby for role in sending relief funds to SMEs

26 Mar 2020 | Payments General

Fintech companies have been lobbying to disperse government relief funds to small business owners in danger of running out of cash as their businesses remain closed during the coronavirus crisis.

Fintech, coronavirus crisis, small businesses, US, lending, funds, economic relief, package bill

Coronavirus outbreak feeds uncertainty about the economic outlook

17 Mar 2020 | Payments General

The abrupt rise in uncertainty that surrounds the global spread of the coronavirus can put both economic growth and financial stability at risk, according to IMF.

economic growth, financial stability, coronavirus, banks, loans, investment, economic policies, fiscal measures, monetary policies, IMF

StanChart lowers 2020 income growth target due to coronavirus

27 Feb 2020 | Payments General

UK-based bank Standard Chartered has warned that the COVID-19 outbreak might undershoot its previous target of 5-7% growth in 2020.

Standard Chartered, COVID-19, coronavirus, income growth target, economic forecast, Asia, China, Hong Kong, APAC, bank, online banking,

Monzo removes ATM fees and limits in the European Economic Area

23 Dec 2019 | Online & Mobile Banking

UK-based neobank Monzo has announced that it is removing ATM fees and limits for countries in the European Economic Area (EEA).

Monzo, challenger, European Economic Area, EEA, ATM withdrawal fee, Citi, Wells Fargo, EU regulation, financial technology, neobank, digital banking, online banking, mobile banking