The Digital Apnayen Campaign, which was rolled out on August 15 to encourage customers to use digital banking channels, has propelled digital payment adoption with banks having on-boarded 1.58 crore customers in less than two months since launch, the Finance Ministry said on Friday. It has also resulted in deployment […]
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HUNTINGTON BEACH, CA – JULY 01: A surfer wears a protective mask while carrying her surfboards … [+] across Main Street Wednesday, July 1, 2020 in Huntington Beach, CA. (Allen J. Schaben / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images In a few weeks, California […]
In 2020, the Coronavirus pandemic accelerated e-commernce and digital payments as people favored contact-less digital payments, states Suri Duddella of suriNotes.com. Investors are seeking investment opportunities in digital payment companies like Paypal, Square, Shopify, Mastercard, or Visa as they show promise of increased growth. Digital Payment companies include companies from e-commerce, […]
Share Tweet Share Share Share Print Email The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December […]
LONDON (Reuters) – China is seeking to win a first-mover advantage in its efforts to develop a digital version of its currency, Japan’s top financial diplomat said on Thursday. The People’s Bank of China is one of many central banks across the world looking at creating their own digital currencies, […]
More than 130 countries have agreed on a plan for reforms of global corporate taxation, which is due to be discussed by G20 finance ministers next week. The OECD has been working on plans to introduce rules for businesses to pay tax where they do business rather than where they […]
China was not included in recent talks among central bankers from developed nations on potential collaboration involving central bank digital currencies (CBDCs) that are technologically complementary and can coexist within a wider international payments ecosystem. A working group was formed by the Bank of Canada, the Bank of England, the […]
Residential sales will experience a massive lift during the pandemic, according to Charles Nathanson, an associate professor of finance at the Kellogg School of Management. More homeowners are looking to use their savings from limited vacation and entertainment spending for larger homes and spaces, especially as working remotely continues. However, […]
© Jannielyn Ann Bigtas Bangko Sentral ng Pilipinas thumbnail Bangko Sentral ng Pilipinas thumb BSP thumbnail BSP thumb Bangko Sentral ng Pilipinas building BSP building The policy-setting Monetary Board has given the green light to the Bangko Sentral ng Pilipinas’ (BSP) “Digital Payments Transformation Roadmap” for 2020 to 2023. In […]
The Bank of Japan (BOJ) headquarters in Tokyo. Photographer: Kiyoshi Ota/Bloomberg Photographer: Kiyoshi Ota/Bloomberg The Bank of Japan said it aims to start early phase experiments next year on issuing a digital currency in order to be ready should demand for one rise quickly. “From the viewpoint of ensuring the […]
YouTube’s Partner Program lets creators monetize their videos with Google-placed ads. YouTube pays creators a certain rate based on the type of audience their videos attract, and talking about money often can net an influencer more per view than many other topics, according to finance creators. We spoke with several […]
© Provided by The Financial Express One example of India’s success in developing cutting-edge AI-powered digital platforms for financial inclusion is that India is mulling exporting low-cost digital payments solutions like UPI to other countries. By Abhishek Singh In his key note address at RAISE 2020, Professor Raj Reddy, one […]
Innovation across various global industries seems to be moving at an accelerating pace. This makes sense because innovation in one sector ultimately makes innovation in other sectors cheaper. As innovation becomes cheaper, we can naturally expect it to increase in usage. The advances we’ve seen in the world are all […]
Regulation – if developed appropriately – can be the catalyst that propels nascent technologies into the mainstream, especially in the complex world of financial services. And the European Commission (EC) has just confirmed its place at the forefront of fostering fintech innovation, writes Isabelle Corbett, Head of Regulatory Affairs at […]
International Business Machines Corp. is planning its biggest-ever business exit, spinning off a major part of its information-technology services operations to accelerate the 109-year-old tech pioneer’s focus on faster-growing businesses like cloud-computing and artificial intelligence. The move IBM announced Thursday would separate its unit that manages clients’ IT infrastructure and […]
Renminbi or yuan, US dollar, euro Years from now, two seminal events will define 2020: the coronavirus pandemic, and the introduction of China’s digital currency. So says Xu Yuan, a professor of finance at Peking University. If a digital yuan officially launches, Xu said in an interview in April (link […]
PepsiCo’s LifeWtr brand of premium water has debuted Black Art Rising, a digital exhibition inspired by this year’s Black Lives Matter movement. Artwork by Reyna Noriega, one of the eight artists in the Black Art Rising exhibition. Photo courtesy of Reyna Noriega. According to the Purchase-headquartered company, Black Art Rising […]
HARRISBURG, DAUPHIN COUNTY (WBRE/WYOU-TV) — The Lehighton Area School District had operated with a cumulative deficit for half a decade which reduced its general fund balance by more than $13 million, an audit by Auditor General Eugene DePasquale has found. In the findings released on Thursday, DePasquale revealed that in addition […]
Digital Banking ‘Monzo for millionaires’. Image source: Austin Distel on Unsplash. Monument, a new digital bank for the wealthy, has secured its UK banking licence and has raised over £20m of its upcoming Series A funding round. The news comes just four months after first reports of the new bank appeared, […]
Global Finance magazine recently announced its 27th annual awards for the World’s Best Banks, and FNB Namibia was awarded the accolade as the best bank in the country. Winners were chosen in more than 150 countries across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America […]
India’s digital footprint marks its greatest strength for AI development, and established platforms such as Aadhaar, UPI along with massive digital infrastructure create a ‘unique opportunity’ for this futuristic technology to be used to increase transparency and improve governance , NITI Aayog CEO Amitabh Kant said on Friday. During the […]
Civil rights legend Andrew Young and rapper Killer Mike have raised $3 million in seed funding for a digital banking platform for Black and Latinx people and business owners. The new venture, called Greenwood, has secured the funding from private investors as it seeks to build banking services specifically […]
Photographer: Patrick T. Fallon/Bloomberg Photographer: Patrick T. Fallon/Bloomberg U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment. Total credit decreased $7.2 billion from the prior month after an upwardly revised $14.7 […]
On Oct 7, details from the National Assembly Seminar for the Virtual Asset Business Law held on Sep 22 by South Korea’s policymakers and major commercial banks were revealed in a press release. Discussion on the Virtual Asset Business Law The event was sponsored by DUCATO, a DeFi project by Delio—one of […]
As customer expectations evolve, so too must the ways in which sales teams connect with consumers. Just ask Jason Lumsden, Director of IT for the Boston Red Sox. Lumsden says the major league baseball team relies on a wide array of innovative technologies to satisfy fans’ increasing demands. “Customers have […]