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The Bank of Korea (BoK) — South Korea’s central bank — will soon take bids for a technology partner to launch a pilot program for a digital won, Reuters reported on Monday (May 24). Get the Full Story Complete the form to unlock this article...
An exclusive new research report from PYMNTS reveals that three-fourths of consumers plan to keep at least some of the eCommerce habits they picked up during the pandemic. The findings come as roughly 60 percent of the population has had at least their first dose of...
Remittances is a massive global opportunity: Every year, some $700 billion in funds flows across national borders as migrant workers ship funds earned working abroad back to friends and family waiting at home. And that figure is notably growing. Take, for example, the rapidly growing U.S. India...
Pre-pandemic, Brazil was a place where commerce was, by and large, a physical activity, and cash was still king when it came to making those physical payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Central Bank of Nigeria (CBN) has renewed its cash reward incentive for using digital remittances, according to a bank memo addressed to all deposit money banks, international money transfer operators (IMTOs) and the general public. Get the Full Story Complete the form to unlock...
The national rollout of the Sand Dollar from the Central Bank of the Bahamas (CBOB) now has nine authorized financial institutions (FIs) that have completed the interoperability process, allowing them to communicate and exchange funds among the various platforms, the Nassau Guardian reported on Wednesday...
The Federal Reserve Board has invited comment from the public on proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve banks, a press release said Wednesday (May 5). Get the Full Story Complete the form to unlock this article and enjoy...
Business continues to boom on digital payments network Zelle, which processed 392 million transactions in the first quarter of 2021. The speedy payments service gained ground in the pandemic as digital commerce surged. Get the Full Story Complete the form to unlock this article and...
