Global
Fed Chair Jerome Powell Announces Partnership With Bank for International Settlements To Analyze Digital Currencies
U.S. Federal Reserve Chair Jerome Powell is revealing a partnership between the Federal Reserve System and the innovation arm of the global central ...
Global
Central banks of UAE and Indonesia join forces to boost payment systems
Central Bank of Indonesia and that of the United Arab Emirates have signed a memorandum to improve payment system cooperation. The agreement aims to make payments more ...
Global
FCA boosts Open Banking by removing 3-month re-authentication requirement
Fintech firms will no longer need to re-authenticate customers every ninety days for continued access to bank account data, but they will need ...
Global
Tenpay fined for violation of foreign exchange rules
China has fined Tenpay, an online-payment unit of Tencent Holdings, USD 438,000 for violating foreign exchange rules amid growing regulatory scrutiny of the nation’s fintech ...
Global
RBI fines SBI, 2 payment system operators
The RBI has imposed a Rs 1-crore penalty on SBI for contravention of the Banking Regulation Act and holding shares in borrower companies ...
Global
WhatsApp gets approval to offer payments service to 40 million users in India
WhatsApp Pay, the messaging app’s payment feature, will soon be available to 40 million users in India. As per Reuters report, the messaging ...
Global
Are You Ready For iFX EXPO Dubai 2022?
Following this year’s UAE success, iFX EXPO Dubai 2022 will be sweeping into an even larger venue for another action-packed show. The eagerly-awaited ...
Global
South Korea Financial Regulator May Impose Tax On NFTs
Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea’s Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On ...
Global
Real-time payment system set for launch in Iran
The Central Bank of Iran has given details about its recently announced instant payment system for the country’s banking and payment network. According to Central ...
Global
Trulioo receives approval from German authorities to verify users’ age
Identity verification company Trulioo has announced it received authorisation from the German Commission for the Protections of Minors in the Media to verify the ages of end ...