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The first cross-border settlement for precious metals using the digital yuan CBDC, known as e-CNY, was completed on 20 December 2023.
CBDC, digital currency, central bank, settlement, digitalisation
The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have entered into a Bilateral Currency Swap Agreement between the UAE Dirham and the Egyptian Pound.
partnership, banking, financial services, financial institutions
‘The important thing is not to stop questioning. Curiosity has its own reason for existing.’ Albert Einstein
digital wallet, digital identity, FIDO, verifiable credentials, identity verification, cloud, privacy-enhancing technology, cybersecurity
Provider of AI/ML learning platform, Eurora Solutions, has recently announced its official launch in Australia and New Zealand, aiming to boost cross-border trade.
cross-border payments, cross-border ecommerce, artificial intelligence, Thought Machine, supervised machine learning, compliance, API, expansion, funding, crowdfunding
Germany-based savings platform Trade Republic has announced expanding to 11 additional markets.
expansion, investment, banking, trade finance, trading platform
The Nigeria Export Processing Zones Authority (NEPZA) has teamed with crypto FX Binance to create a virtual free zone for blockchain development.
product launch, Bitcoin, cryptocurrency, cryptocurrency exchange
One-stop shopping destination across the UAE, Day to Day Hypermarket, has announced its intention to accept cryptocurrency payments for both online and in-store purchases.
digital currency, digitalisation, cashless, cryptocurrency, crypto, crypto asset, retail, online payments, ecommerce, ecommerce platform, Bitcoin, Ethereum
Mike Ogbalu III, Chief Executive Officer of PAPSS, answers all the ardent questions on the payments settlement system, from how the initiative started to what its future brings in an all-encompassing interview
instant payments, payment processing, instant settlement, cross-border payments
The Dubai World Trade Centre (DWTC) has announced it will become a crypto zone and regulator for cryptocurrencies and other virtual assets.
cryptocurrency, digital assets, regulation, financial services
Dubai hopes to mimic the blockchain activity generated in Switzerland’s Crypto Valley by launching the DMCC Crypto Centre.
cryptocurrency, DeFi, blockchain, regulatory sandbox
MercadoLibre, ecommerce, cross-border, free-trade zone, subsidised shipping, LATAM, Mexico, Chile, Colombia, Brazil
UAE, Dubai CommerCity, ecommerce, Dubai Airport Freezone Authority, DAFZA, Wasl, DED Trader licences, online shopping, Free Trade Zone, COVID-19
Malaysia, GlobalData, study, ecommerce, Southeast Asia, report, alternative payments
Ecommerce payments are set to grow at a CAGR of 19.1% from AED 31.5 bln (USD 8.6 bln) in 2018 to AED 46.3 bln (USD 12.6 bln) in 2022, according to GlobalData.
UAE, ecommerce, payments , GlobalData, Visa, PayPal
UAE-based state-developer Dubai South has announced that it aims to spend USD 545 million to build an ecommerce free trade zone, known as EZDubai.
Dubai, UAE, ecommerce, EZDubai
US-based fintech Ideanomics has entered an agreement with Ningbo Free Trade Zone Cross-Border Supply Chain Management and Settlement Technology.
Ideanomics, Ningbo Free Trade Zone Cross-Border Supply Chain Management and Settlement Technology, trade finance, supply chain management, supply chain finance, China, Asia, US
Dubai Multi Commodities Centre has licensed Global Blockchain Technologies to develop blockchain services for trade finance.
Dubai, Dubai government, Dubai Multi Commodities Centre, Global Blockchain, BLOC, blockchain, Blockchain Technologies DMCC, BTD, distributed ledger technology, DLT, DMCC Free Trade Zone, DMCC Free Trade Zone authority
Dubai Airport Freezone Authority has announced the development of a B2B platform that allows companies from around the world to trade via Dubai.
DAFZA, Dubai Airport Freezone Authority, B2B platform, United Arab Emirates, Dubai Blink, artificial intelligence, blockchain technology, virtual business licenses
Dubai Future Foundation (DFF) and Dubai Airport Free Zone Authority (DAFZA) have developed two new B2B and stock exchange strategies under the Dubai 10X initiative.
B2B, ecommerce, DAFZA, Dubai10X, Dubai Blink, United Arab Emirates, Dubai, Stock Exchange, digital trading
Ralf Ohlhausen, Business Development Director at PPRO Group explains to our readers how AI will impact the financial industry
Ralf Ohlhausen, PPRO Group, expert opinion, AI, machine learning, innovation