Global
SIX Digital Exchange gets regulatory approval from FINMA
SIX Digital Exchange (SDX) has formally received green-light from FINMA to operate a stock exchange and a central securities depository for digital assets in Switzerland. This ...
Ethopia
Ethiopia: EU watchdog clears Vodafone, Safaricom venture for Ethiopia entry
The European Commission (EC) has cleared a joint venture between Safaricom and its parent firm Vodafone for Ethiopia entry after initially announcing plans ...
Nigeria
CBN directs banks, PSPs to process bulk payments on platforms
The Central Bank of Nigeria, CBN, has directed banks and Payment Service Providers , PSPs, to commence processing of end-to-end bulk payments or transfers ...
Global
Brazil: Central bank impose spending limits on new PIX payments system
Brazil’s central bank has imposed spending limits on its new PIX instant payments platform in the face of a sharp increase in “lightning ...
Global
British Financial Regulator Lays Out 3 Ways to Rein in Cryptocurrencies
Charles Randell, Chair of the Financial Conduct Authority, lays out the risks of cryptocurrencies as well as three ways that regulators can keep ...
Global
India: Reserved Bank allows account aggregator service
Reserve Bank of India (RBI) has introduced Sahamati Platform, an account aggregator that doesn’t require KYC for customers who are taking loans, insurance service or ...
Global
State Bank of Pakistan grants EMI license to NayaPay
Pakistan-based fintech NayaPay has earned commercial approval to operate as the first Electronic Money Institution in Pakistan, after a year-long pilot and inspection by the ...
Nigeria
Nigeria: NCC Releases Draft Guidelines On SIM Registration, Replacement
The Nigerian Communications Commission (NCC) has published its draft regulatory instruments on SIM registration and replacement. The publication on the commission’s website is ...
Ethopia
Ethiopia: NBE Sets 10 Percent Minima for Banks’ Reserve
National Bank of Ethiopia (NBE) has announced that it has decided new minimum reserve amount for banks to be 10 per cent from ...
Regulatory
Zimbabwe: CBZ Bank Introduces Payday Loans
CBZ Bank has introduced an instant loan facility called Payday loan. The facility is open to CBZ clients and is disbursed within 24 ...