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The Pan African Payment and Settlement System (PAPSS) has received Banque Centrale de Tunisie (BCT) into its network.
central bank, partnership, expansion, payments , cross-border payments
Bahrain-based ila Bank, a digital mobile-only bank powered by Bank ABC, has joined the Arab payment system BUNA.
cross-border payments, financial services, transactions , digital banking, mobile banking
Bank of Indonesia (BI) and the Monetary Authority of Singapore (MAS) have announced the launch of the cross-border quick response (QR) payment linkage between Indonesia and Singapore.
QR code, QR payments, product launch, cross-border payments, cross-border ecommerce
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
central bank, settlement, banks, FX
All members of the Asian Clearing Union have agreed to move towards local currency settlement in a bid to reduce dependence on the US dollar.
partnership, trade finance, settlement, transactions
Jean Sideris and Rawad Nasser from Edgar, Dunn & Company analyse the increasing challenges of international card schemes in the context of rising domestic initiatives.
card scheme
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
Tanzania-based fintech NALA has partnered with payments company Cellulant to offer remittance payments from the US and UK into Africa.
remittance, money transfer, cross-border payments, partnership, product launch, fintech
The payments ecosystem has become exceedingly complex nowadays, especially in the travel sector. Sabre Corporation and The Paypers present the travel industry’s players and the Sabre solution of streamlining payment processes for them.
Sabre, travel commerce, B2B ecommerce, virtual cards, payment processing, customer experience
African Export-Import Bank has disbursed USD 8 bln out of the USD 25 bln it planned on a revolving basis to support intra-regional trade between 2017 and 2021.
Afreximbank, African Export-Import Bank, trade finance, trade finance credit facility, trade finance platform, Africa, South Africa, Gabon, Cote dIvoire, Nigeria, Malawi, Togo, Kenya, intra-regional trade
Turkey-based ECO Trade and Development Bank has announced extending USD 6.83 mln worth funds to Azerbaijan for trade finance.
ECO Bank, ECO Trade and Development Bank, Azerbaijan, Turkey, investment, trade finance, funding, Bank in Azerbaijan
The African Development Bank Group has approved a USD 14.12 mln facility to support Nigeria’s membership in the African Trade Insurance Agency.
African Development Bank, African Trade Insurance Agency, Nigeria, trade finance, financing
William Hung, Payment Asia: "We decided to invest in blockchain in order to maintain the quality of our payment solutions and assist merchants with access to the new-era technology"
Payment Asia, William Hung, blockchain, payment, merchant, bank, ecommerce, cross-border payments, distributed ledger technology, Bitcoin, smart contract
yStats.com has published Global Cross-Border B2C E-Commerce 2017 report synthesizing key market statistics about ecommerce import and export transactions.
yStats.com, report, ecommerce, World, transactions , market, statistics, import, export
61% of respondents reported a global shortage of trade finance, shows a new survey from ICC.
ICC, survey, trade finance, banking, Africa, SME finance, digitisation, AML, KYC
The renminbi (CNY) has registered an increased usage for global payments, as China continues to influence the global economy and the currency continues to expand.
Global Payments, CNY, China, US, UK, currency, global economy, regional flows
Malaysia has emerged as one of the largest ecommerce markets in South-East Asia, alongside Singapore and Indonesia, recent research data highlights.
Malaysia, ecommerce, hotspot, South-East Asia, Singapore, Indonesia, online sales, mobile payments
Lesetja Kganyago, Governor of the South African Reserve Bank (SARB) has claimed that a cross-border banking system will ease friction felt by declining banking relationships across borders.
South Africa, Reserve Bank, intra-regional, cross-border payments, economy, Development
East Africas biggest economies have launched an integrated, cross-border payments system designed to remove bottlenecks to business and bolster intra-regional trade, Kenyas central bank has claimed.
East Africa, cross-border, online payments, banks, integration, Kenya, e-payments
The countries of Africa undergo nearly 23% of their cross-border trade, according to the “Africa Payments: Insights into African transaction flows” report issued by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), ventures-africa.com reports.
Africa, intra-regional, trade, cross-border, ecommerce, growth, online sales, online payments, money transactions