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WorldRemit backs CBN’s extension of naira-4-dollar scheme
WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s decision to extend the deadline of the Naira-4-Scheme ...
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Wells Fargo launches 10-year plan to boost banking inclusion for underserved communities
Wells Fargo (WFC.N) has launched a 10-year commitment to help unbanked individuals in the United States gain access to affordable, mainstream bank accounts, ...
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National Bank of Egypt and LuLu International Exchange Connect Through RippleNet to Elevate Remittance Experience into Egypt
Ripple has announced our partnership with the National Bank of Egypt (NBE), the North African country’s largest bank. Through Ripple’s global payments network ...
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State-backed digital currencies can disrupt financial systems: Report
Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency ...
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Will Singapore launch a people’s digital currency and support DeFi
As public interest in cryptocurrencies and decentralized finance (DeFi) grows by leaps and bounds, the politicians in Singapore, too, want to understand what ...
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Tink acquires Germany’s FinTecSystems
Swedish open banking platform Tink has acquired German equivalent FinTecSystems, furthering its expansion across Europe. FinTecSystems specialises in data analytics, digital account checks, ...
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China Merchants Bank subsidiary and Nervos Foundation launch $50 million blockchain fund
CMB International, a wholly-owned subsidiary of China Merchants Bank, and the China-based Nervos Foundation have jointly launched a $50 million blockchain fund. The ...
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HSBC Rolls Out Multicurrency Digital Wallet To Streamline Global Payments
London-based HSBC is banking that there’s a big interest among small to medium-sized businesses (SMBs) in a multicurrency digital wallet. The company said ...
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New GSMA Innovation Fund to back African startups delivering digital urban services
A new GSMA Innovation Fund is looking for startups in Africa, South Asia or Southeast Asia leveraging digital technology to deliver urban services ...
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Digital banking technology provider Amount hits unicorn status
Digital banking technology provider Amount has joined the unicorn club thanks to a $100 million Series D funding round. WestCap, Hanaco Ventures, Goldman ...