CBUAE: New regulation to encourage fintech innovation
The Central Bank of the UAE (CBUAE) is aiming to increase innovation from global fintechs and start-ups in the financial services sector.
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Tag: Central Bank
South African Central Bank releases digital payments roadmap
The South African Reserve Bank (SARB) has released a new roadmap designed to increase the pace of adoption of new and existing digital payment options.
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Al Ansari Digital Pay gets green light to launch Digital Wallet
Dubai’s Al Ansari Digital Pay is preparing to launch a digital wallet next year having received the regulatory green light from the Central Bank of the UAE.
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The ECB to begin two-year prep phase for digital euro
The European Central Bank will move a step closer to full issuance of a digital euro when it begins a two-year preparation phase next month.
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Egypt non-cash transaction volumes set to reach $16.34 billion in 2023
The Capgemini Research Institute’s 2023 World Payments Report has revealed that non-cash transaction volumes will reach 1.3 trillion globally by 2023 as consumers and businesses continue to adopt new digital payment schemes.
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Bank ABC launches instant blockchain payments with J.P. Morgan’s Coin Systems
Bahrain’s Bank ABC has launched instant blockchain payments with J.P. Morgan’s Coin Systems marking the first time a bank has introduced the payment service in the Middle East
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Payoneer receives approval from the Monetary Authority of Singapore
Payoneer is preparing to expand its services having been granted a Major Payment Institution licence from the Monetary Authority of Singapore.
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India Central Bank outlines plans for AI-powered instant payments
The Reserve Bank of India plans to use the language abilities of artificial intelligence to introduce “Conversational Payments” in UPI, building on a system that has transformed the digital payment landscape in India
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TerraPay receives in-principle approval from the Monetary Authority of Singapore
TerraPay plans to use the approval to bolster its existing local presence and partnerships across Singapore, South Korea, Vietnam, and the Philippines.
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Saudi Central Bank gives Tabby go-ahead to provide BNPL services
Saudi Central Bank gives Tabby go-ahead to provide BNPL services
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Central Bank of Egypt grants M2P Fintech approval to process card transactions
Central Bank of Egypt grants M2P Fintech approval to process card transactions
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BIS survey: Central bank digital currencies make headway in 2022
BIS survey: Central bank digital currencies make headway in 2022
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Montenegro and Ripple to develop CBDC pilot programme
The Central Bank of Montenegro (CBCG) has signed an agreement with Ripple to develop a strategy and pilot programme for the country’s first digital currency.
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UAE Central Bank launches digital currency strategy
The beginning of the UAE Central bank digital currency strategy was marked today at a jointly held signing ceremony with G42 Cloud and R3.
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Non-cash payments surged in 2022, says the Bank of Latvia
Up to 30 million non-cash payments were executed by Latvian banks and payment institutions in 2022, an increase of 25% on the previous year
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Central Bank of the UAE plans for CBDC to support digital payments
The CBDC will be part of the Financial Infrastructure Programme, which aims to accelerate digital transformation in the financial services sector
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