Global
British Banks Borrow $12.7 Billion from Bank of England Amid Liquidity Shift
British lenders have tapped into the Bank of England’s (BoE) Indexed Long-Term Repo (ILTR) facility at unprecedented levels since the pandemic, borrowing more ...
Global
Namibia’s Telecom Sector Surpasses $43M in Data Revenue Amid Digital Expansion
Namibia’s telecommunications industry has reached a significant milestone, generating over N$800 million ($43 million) in data revenue. This growth reflects the country’s alignment ...
Global
Lloyds Banking Group Opens Applications for ‘Launch Innovation’ Programme
Lloyds Banking Group has announced the opening of applications for its 2024 ‘Launch Innovation’ programme, aimed at discovering new business partnerships and fostering ...
Fintech
Bank of Israel Reveals Potential Digital Shekel Design for Public Consultation
The Bank of Israel has unveiled a high-level design for a potential digital shekel (DS) and is inviting public feedback on its proposed ...
Fintech
Namibia Evaluates CBDC for Cross-Border Payments and Financial Inclusion
Namibia is actively exploring the potential introduction of a central bank digital currency (CBDC) to enhance cross-border payments and expand financial inclusion. The ...
Fintech
Global: Mastercard Expands Middle East Presence Through Strategic Partnerships
Mastercard is strengthening its foothold in the Middle East through strategic collaborations with Emirates NBD, a leading financial institution in the MENAT (Middle ...
Fintech
Global: Visa Reports Surge in Tap to Phone Adoption
Visa’s Tap to Phone technology, which transforms smartphones into contactless payment terminals, has recorded a significant 200% increase in global usage over the ...
Global
US Tax Reforms Could Reduce FDI in Nigeria – NESG
The Nigerian Economic Summit Group (NESG) has raised concerns that recent tax reforms introduced by the United States could negatively impact foreign direct ...
Fintech
Global: SEC Reverses Course on Crypto Enforcement, Signals Regulatory Shift
The U.S. Securities and Exchange Commission (SEC) has taken an unexpected step back in its aggressive enforcement actions against cryptocurrency firms, marking what ...
Global
Indian Financial Crime Watchdog Investigates Paytm Subsidiaries Over Alleged Violations
India’s financial crime enforcement agency has issued a show-cause notice to Paytm regarding alleged violations of the Foreign Exchange Management Act (FEMA) linked ...
