A digital sharing platform is being developed by Singapore’s central bank in a move to help fight money laundering and other financial maneuvers that fund illegal activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The central banks of Singapore and Malaysia say their customers will be able to conduct real-time cross-border payment transfers via a mobile number starting next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
“Every time a consumer decides to order a butter chicken via an app to be delivered to [his/her] house from a restaurant, the opportunity to sell rice and vegetables to the consumer disappears for the retailer.” Get the Full Story Complete the form to unlock...
Remittances are a dominant pillar for economic development in lower- and middle-income countries with a substantial migrant demographic. These foreign-based workers in developed countries regularly send funds to their families and friends in their home countries, where they often account for a meaningful portion of...
Today in payments around the world, VertoFX raises $10 million to expand currencies on its platform, and Ofbusiness’ B2B platform is valued at $3 billion. Plus, Andela‘s recent funding round makes it the sixth unicorn in Africa, and EML Payments acquires Sentenial to push into...
Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according to a press release on Thursday (Sept. 30). Get the Full Story Complete the form to unlock this article and...
For central bank digital currencies (CBDCs), time is of the essence. Literally. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
In today’s top Europe, the Middle East and Africa (EMEA) news, U.S. and EU officials met in Pittsburgh to discuss technology regulation, while U.K. commercial bank OakNorth is now valued at $5 billion. Plus, U.K.-based digital bank Starling expands into Europe, 6 million merchants march...
Officials from the U.S. and the European Union are meeting on Wednesday (Sept. 29) to forge a unified stance regarding new technologies while also expanding trade and investment ties, according to multiple reports. Get the Full Story Complete the form to unlock this article and...
