New Zealand is making strides toward mandatory eInvoicing services, according to an Open Gov report Wednesday (March 2). By March 31, 2022, central government agencies in the country must be able to receive electronic invoices, one of the first major steps towards business-to-government (B2G) eInvoices...
The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their savings, Bloomberg wrote Wednesday (March 2). The sales for Bulgari’s Russian stores have been up in the last few days...
Day after a number of countries imposed harsh sanctions on Russia over its invasion of Ukraine, consumers in that country are more resigned than anything else, Bloomberg News reported Wednesday (March 2). “As strange as it sounds, in general there’s no panic at stores or...
In today’s FinTech news, Colombian short-term lender RapiCredit is looking to grow across Brazil and the Caribbean, while the LendingClub puts crypto on the backburner to tackle more traditional growth. M&T Bank wants to make digital banks accountable to the same regulations other financial institutions...
In today’s top Europe, Middle East and Africa news, count China out of joining the West’s sanctions against Russia for its war on Ukraine, and the U.K.’s advertising regulator has pulled an ad by crypto company Floki Inu for an alleged breach of advertising standards....
The Russian central bank said Wednesday (March 2) that it will host daily 3 trillion rouble ($28.31 billion) repossession and deposit auctions to help lending institutions across the country “manage their liquidity and keep overnight money-market rates close to its key rate,” according to a...
Colombia-based, short-term lending startup RapiCredit is in talks with business groups in Brazil and the Caribbean about expanding into those regions, The Rio Times reported Wednesday (March 2). “The company has proven that it is competitive enough to enter new markets,” RapiCredit CEO Daniel Materón...
The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). The list includes VTB, the country’s second-largest lender and a financial services provider with branches in Russia, former...
China is opposed to unilateral financial sanctions against Russia and will not join Western countries in imposing them, the head of the country’s banking and insurance regulator says. As The Wall Street Journal reported Wednesday (March 2), Guo Shuqing says China will “not participate in...
