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Find here all the latest articles, news, and research on Interest Rate and other Interest Rate-related topics:

Find here all the latest articles, news, and research on Interest Rate and other Interest Rate-related topics:

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Smart Communications partners Maya

News | Payments General | 23 Jan 2023

Mobile services provider Smart Communications has announced a partnership with all-in-one money app Maya to enable its postpaid subscribers to increase their savings faster.

partnership, payments , online payments, savings, digital wallet, e-wallet, interest rate, financial services

Wise launches 'Interest' product in Wise Assets

News | Payments General | 16 Dec 2022

UK-based remittance platform Wise has rolled out a product that allows customers in the UK to earn in line with local interest rates.

investment, product launch, interest rate

Neobank Tonik launches new lending products

News | Online & Mobile Banking | 10 Nov 2022

Philippines-based neobank Tonik has launched two lending products, Flex Loan and Big Loan, to further financial and credit inclusion.

online banking, neobanks, lending, interest rate, digital banking, equity

ECB recalibrates targeted lending operations

News | Online & Mobile Banking | 28 Oct 2022

The Governing Council of the European Central Bank (ECB) has decided to recalibrate the conditions of the third series of targeted longer-term refinancing operations (TLTRO III) as part of the monetary policy measures adopted to restore price stability over the medium term. 

regulation, lending, central bank, interest rate

Amazon partners Lendistry for the Amazon Community Lending programme

News | Payments General | 30 Sep 2022

Amazon has partnered US-based Lendistry in order to launch the Amazon Community Lending programme, which will help small businesses grow.

lending, growth markets, banking, interest rate

EU Central Bank and US Fed join to increase interest rates

News | Online & Mobile Banking | 08 Sep 2022

The European Central Bank (ECB) and the US Federal Reserve have joined hands to increase the interest rate, in an attempt to stamp out record inflation.

interest rate, Russia Ukraine War, central bank, merchant, inflation, economic recession, regulation

Bank of England predicts recession, takes measures

News | Payments General | 05 Aug 2022

The Bank of England has announced its biggest interest rate increase in 27 years as it forecast that the war in Ukraine would fuel further inflation and tip the UK economy into a prolonged recession.

central bank, inflation, report, interest rate

The need to regulate Buy Now, Pay Later in Europe

Voice of the Industry | Online Payments | 03 Aug 2022

The revision of the EU Consumer Credit Directive is a once-in-a-generation opportunity to avert over-indebtedness at scale by repeating mistakes from the past. Tinka’s CEO, Charly Toni, summarises the main reasons why this opportunity to regulate BNPL services must not be missed.

BNPL, regulation, regulatory sandbox, local payment method, online payments, payments , interest rate, financial services, financial institutions, financial data

Splitit signs agreement with Goldman Sachs for reduced interest rates

News | Online Payments | 01 Aug 2022

US-based instalment solution Splitit has signed a variation to its agreement for USD 150 million receivables funding facility with Goldman Sachs.

BNPL, instalment payments, merchant, interest rate, API

ASIC files suit against ANZ Bank for incorrect fees

News | Online & Mobile Banking | 30 May 2022

The Australian Securities and Investment Commission (ASIC) has taken Australia and New Zealand Banking Group (ANZ Bank) to court for allegedly misleading customers regarding their available funds and balances in their credit card accounts.

regulation, regulatory sandbox, mobile banking, online banking, credit card, refund, ATM, interest rate

Synapse launches Global Cash account solution for international fintechs

News | Online Payments | 25 May 2022

Global banking-as-a-service (BaaS) platform Synapse has announced the launch of Global Cash, a secure cash management account product that enables residents from over 35 countries to invest and hold US dollars.

product launch, cross-border payments, interest rate, online payments, payment processing, financial inclusion, financial services, BaaS, gig economy, digital onboarding

Companies offering BNPL in Ireland must be authorised by the central bank

News | Online Payments | 17 May 2022

The Central Bank of Ireland has widened its consumer protection rules to cover Buy Now, Pay Later (BNPL) companies.

BNPL, central bank, regulation, lending, compliance, interest rate

European Banking Authority releases final draft regulatory on EU risk retention

News | Payments General | 11 May 2022

The European Banking Authority (EBA) has recently announced the publishing of its final draft of the regulatory technical standards regarding risk retention.

regulation, regulatory sandbox, risk management, high risk industry, interest rate

Russia's central bank keeps key interest rate at 20%

News | Payments General | 18 Mar 2022

Russia's central bank kept its key interest rate at 20% on 18 March following an emergency rate hike in late February and warned of an imminent spike in inflation and a looming economic contraction.

central bank, regulation, financial institutions, financial sanctions, Russia Ukraine War, interest rate

Mastercard partners with Pine Labs and DBS Bank for additional payment method in Asian cities

News | Cards | 04 Mar 2022

Global card issuer Mastercard, together with Singapore-based DBS Bank and Pine Labs have teamed up to introduce a new BNPL programme in Asian cities.

partnership, instalment payments, BNPL, MasterCard, interest rate, cross-border payments

Bank of Russia increases rates to highest point since 2003

News | Online & Mobile Banking | 28 Feb 2022

The National Bank of Russia has raised its key interest rate to the highest point in the past two decades, reaching a new historic high of 20% from former 9.5%.

central bank, Russia Ukraine War, banks, interest rate

Axis Bank introduces digital KYC fixed deposit

News | Online & Mobile Banking | 11 Feb 2022

India-based Axis Bank, a private sector bank, has introduced the Digital Fixed Deposit, a digital full KYC fixed deposit product.

KYC, product launch, interest rate, digital banking

Banks in China reduce home loan rates

News | Payments General | 21 Jan 2022

Commercial banks in the cities of Beijing, Shanghai and Shenzhen have made reductions to their home loan rates of around 5 basis points.

lending, interest rate, authorisation rate

Southwest Airlines launches interest-free BNPL solution in partnership with Uplift

News | Online Payments | 19 Jan 2022

The BNPL solution serving travelling brands Uplift has announced it partnered with Southwest Airlines for interest-free travels to the Hawaiian Islands. 

partnership, BNPL, instalment payments, scheme fee, interest rate, travel payments

Finder survey: New Zealanders resort to drastic measures to limit credit card use

News | Cards | 17 Jan 2022

A new survey conducted by financial research and comparison site Finder has mentioned Kiwis are facing a hard time handling their expenses. 

credit card, credit scoring, debit card, interest rate, financial inclusion