Articles with tag like: electronic money

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Russia's financial watchdog to present new concept of national digital currency

News | Cryptocurrencies | 19 Feb 2021

Russia’s financial watchdog has said it will present a more detailed concept for the national digital currency by summer, according to online publication RT.

Central Bank of Russia, digital money, cash, electronic money, digital wallet

FCA proposes changes to SCA-RTS and to payments and e-money guidance

News | Online & Mobile Banking | 29 Jan 2021

The UK’s FCA has proposed amendments to their Technical Standards on Strong Customer Authentication and Common and Secure Methods of Communication, among others. 

FCA, SCA-RTS, payments, e-money, guidance, Open Banking, electronic money, CP21/3, SCA, RTS, innovation, COVID-19, pandemic, coronavirus

Unnax secures EUR 7 mln, completes LATAM entrance

News | Payments General | 14 Jan 2021

Spain-based fintech Unnax has closed a financing round of EUR 7 million to allow it to consolidate its current markets and enter the LATAM market, according to CincoDías, cited by planetstoryline.com.

UNNAX, investment, LATAM, Spain, fintech, electronic money, account information, payment initiation, BaaS

EDPIA accepts Aircash, Buckaroo, and HiPay as new members

News | Payments General | 12 Jan 2021

The European Digital Payments Industry Alliance (EDPIA) has announced the membership of Croatia-based Aircash, Netherlands-based Buckaroo, and France-based HiPay.

EDPIA, AirCash, Buckaroo, HiPay, European Digital Payments Industry Alliance, electronic money, digital payments, mobile wallet, pay later, payment methods

ECB should plan digital euro issuance, board member says

News | Online & Mobile Banking | 02 Oct 2020

A board member of the European Central Bank has declared that the bank should prepare to issue a digital euro to complement banknotes, according to Reuters.

ECB, European Central Bank, Europe, digital euro, banknotes, banks, Central banks, digital currencies, electronic payments, private tokens, Bitcoin, Facebook, Libra, electronic money, Commercial Bank, Bluetooth, pre-paid cards, banking system

Bank of Japan explores the potential offline use of a digital yen via CBDC

News | Cryptocurrencies | 08 Jul 2020

The Bank of Japan (BoJ) has published a research paper exploring the potential offline use of a digital yen using central bank digital currency (CBDC).

CBDC, central bank digital currency, decentralised CBDC, electronic money, smartphone, distributed ledger, SIM, cards, payments, Bank of Japan, Japan, BoJ

E-payment network Paysera expands to Kosovo

News | Online Payments | 29 Jun 2020

The electronic payment network Paysera has announced it is expanding to Kosovo, allowing reduced transfer prices and no crediting fees. 

Pan-Baltic, electronic payments, Paysera, Kosovo, transfers, fees, online payments, safety, online banking, mobile payments, electronic money, payment gateway

Uzbekistan substantially updates payments services regulations

News | Online Payments | 11 May 2020

Uzbekistan has updated its regulations regarding payments systems, to clarify whether companies need to be licensed for providing payment services in the country.

Uzbekistan, Central Bank of Uzbekistan, Rules on the Issuance and Circulation of Electronic Money, e-money, electronic money, online payments, payments regulation

Electronic money and payment institutions on the rise in Lithuania

News | Payments General | 20 Mar 2020

At the end of 2019, a total of 115 electronic money (EMI) and payment (PI) institutions operated in Lithuania.

electronic money, Payment Institutions, Bank of Lithuania, payments, licences, study, Lithuania

Ghana's Payment Systems Advisory Committee to offer guidance on payment system

News | Online Payments | 09 Mar 2020

Ghana has gotten its first Payment Systems Advisory Committee to guide the Bank of Ghana on regulation and oversight, operational and technical stands of the payment systems. 

Ghana, Payment Systems, regulations, mobile payments, electronic money, banks, accounts

Paga, Flutterwave, links users to international merchants

News | Online Payments | 06 Mar 2020

Nigeria-based fintech Paga has collaborated with merchant payments platform Flutterwave to allow Paga users to access products from merchants on the Flutterwave service.

Flutterware, Paga, online payments, Africa, electronic money, electronic payments, payments infrastructure, merchant payments platform

Tradeshift intermediated supply chain transaction for IKEA using e-money

News | E-invoicing, SCF & E-procurement | 02 Oct 2019

US-based supply chain payments service Tradeshift has announced the completion of a purchase from IKEA Iceland using the Ethereum blockchain.

Tradeshift, IKEA, blockchain transaction, e-invoicing, Ethereum, e-money, Monerium, fintech, supply chain finance, dynamic discount, electronic money

Bank of Russia ponders over launching a digital currency

News | Cryptocurrencies | 18 Jun 2019

The Bank of Russia has been investigating the possibility of launching its own digital currency, according to the head of Russia’s central bank.

Bank of Russia, cryptocurrency, digital currency, Russia, cashless, electronic money

Prepaid Financial Services receives Irish license

News | Payments General | 10 Apr 2019

Prepaid Financial Services (PFS) has secured an electronic money license from the Central Bank of Ireland, as it gets ready for a Brexit contingency plan.

Prepaid Financial Services, license, electronic money, payments

Ripples Partner MoneyNetint offers travel payment service

News | Cards | 19 Mar 2019

UK-based electronic money institution MoneyNetint has launched PayTicket, a payment service for foreign motorists who receive tickets while traveling.

MoneyNetint, Ripple, launch, traveling, UK, payments, electronic money, online fines, payment solutions, cross border, banks, transfers, credit card, online payment, fines, debit card