UnionPay debuts virtual cards in Vietnam
That’s the first massive rollout of UnionPay virtual cards in the country
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Top 7 banks in South Africa
Today, we’ll explore major traditional banking institutions and leading challenger banks in South Africa
SEC Charges Frank Founder With Fraud in $175 Million Sale to JPMorgan
In the United States, federal regulators said that the founder of a student financial assistance company, Frank, committed fraudulent actions against one of the largest banks in the country.
UAE Сentral Bank Selects Technology and Legal Partners for CBDC Project
The UAE Central Bank (CBUAE) has chosen Clifford Chance, R3, and G42 Cloud as partners in the implementation of the digital currency creation project.
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Google Wallet Goes Live in Costa Rica
In Costa Rica, Google Wallet has been launched, giving users the ability to store and use their credit and debit cards, boarding passes, tickets, and other digital credentials on an Android NFC smartphone, a Wear OS smartwatch, or a Fitbit device.
Fintiv and Geoswift Collaborate on Digital Money Transfers to Asia
Fintiv and Geoswift have established a cooperation to enable cross-border money transfers to Asia.
Brazil and Argentina to Create Common Currency
Brazil and Argentina will soon begin preparations for the creation of a common currency.
Danske Bank Releases Climate Action Plan
Danish Danske Bank has developed an action plan to combat climate change.
UK Inflation Falls for Second Consecutive Month
In the UK, a decrease in the inflation rate has been recorded for the second month in a row.
First UAE Fintech to Launch India UPI Payment Integration
Last week, India decided to open its Unified Payments Interface (UPI) payment gateway for NRIS (non-resident Indians).
China’s Official Wallet App Launches Offline Payments
The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.
Neobank Kompasbank Raises €12 Million
Kompasbank, the youngest bank in Denmark, has attracted new financing for 12 million euros.
US Regulators Fully Control Mechanisms of Securitization of Direct Investments
In the USA, regulators apply the practice of strict control measures to direct investment instruments.
Chinese Exports Suffer Sharpest Fall in 3 Years
Exports of goods from China fell to the lowest level in the last three years due to the coronavirus pandemic.
