Articles with tag: private sector

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Mastercard Foundation launches Young Africa Works programme

News | Payments General | 24 Jul 2020

The Mastercard Foundation has announced its Young Africa Works strategy in Uganda, aiming to enable 3 million young people in the country to access work opportunities by 2030. 

Mastercard, Mastercard Foundation, Uganda, Young Africa Works, Private Sector Foundation Uganda, The Innovation Village, Gudie Leisure Farm, GOAL Uganda, the National Social Security Fund, Equity Bank Uganda, banks

South Korea-based digital asset investors to pay 20% in taxes from crypto trading

News | Cryptocurrencies | 15 Jul 2020

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. 

South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator

Ipsidy, PharmacyID work together for an identity verification solution in Australia

News | Digital Identity, Security & Online Fraud | 23 Jun 2020

Ipsidy and PharmacyID have signed a partnership agreement to create an identity verification solution, with the highest level of assurance for the Australian market.

Ipsidy, PharmacyID, identity verification, Australia, security, mobile solutions, biometrics, IDaaS, facial biometrics, public sector, private sector, ID fraud, data capture, ecommerce

ITFC releases USD 15 mln to support SMEs in Bangladesh

News | E-invoicing, SCF & E-procurement | 12 Jun 2020

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

Six identity projects including one in Nigeria approved by World Bank

News | Digital Identity, Security & Online Fraud | 20 Feb 2020

Nigeria’s digital identity ecosystem project and five others initiatives have been approved by the World Bank in US.

World Bank, Nigeria, identity project, digital identity, government, private sector

Indias Federal Bank, Ripple partner for blockchain cross-border payments

News | Payments General | 02 Apr 2019

Federal Bank, an India-based private sector commercial bank, has partnered with Ripple for cross-border remittance via the Ripple network.

Federal Bank, Ripple, partnership, India, blockchain, cross-border payments, commercial bank, private sector, Ripple network, blockchain platform, cross-border transactions

New AML laws in UAE to face some challenges

News | Digital Identity, Security & Online Fraud | 21 Feb 2019

The UAE Central Bank’s 2018 updated anti-money laundering (AML) law has been revealed to potentially face some immediate challenges.

AML, laws, UAE, FATF, money laundering, financing, public sector, private sectors, financial system, regulations, onboarding, KYC

IFC invests USD 100 mln in Indias Mahindra Finance

News | Payments General | 04 Jul 2018

International Finance Corporation has announced the investment of 640 crore (USD 100 million) in Mahindra Financial Services.

International Finance Corporation, Mahindra Finance, India, investment, loan, non-banking financial company, private sector, financing

61 percent of UK SMEs need better-legislated late payments

News | E-invoicing, SCF & E-procurement | 15 May 2018

Basware, a Finnish e-procurement vendor, together with YouGov have released a survey revealing the need for new late payment legislation among UK SMEs.

Basware, Finland, e-procurement, e-invoicing, YouGov, UK, small businesses, survey, late payments, legislation, private sector