India’s Retail Giant Trials CBDC
Reliance Retail – India’s largest retailer – takes part in the large-scale trial of digital rupee CBDC. The network will start accepting the new payment instrument at its Freshpik store
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Klarpay Expands International Payment Offering With 13 New IBAN Accounts
Swiss business payments platform Klarpay adds 13 new currency IBAN accounts to its cross-border payment offering to empower digital businesses to expand their international reach
ECB Reveals Euro Area Lending Trends
January 2023 euro area bank lending survey by European Central Bank (ECB) revealed significant tightening in credit standards for all loan categories along with subdued business loan demand
German DekaBank to Begin Offering Bitcoin
DekaBank has partnered with METACO to provide crypto exposure to institutions.
Bank Natwest Installs Card Recycling Machines
The British bank Natwest has started installing reverse vending machines, with which you can recycle old credit and debit cards.
JPMorgan Preps German Digital Bank
JPMorgan Chase & Co. plans to launch a digital bank in Germany.
European Investment Bank Prices Its First Ever £50 Million Digital Bond
The European Investment Bank (EIB) has valued its first-ever digital bond at 50 million pounds.
Chimera Abu Dhabi Buys 20% Stake in Egyptian Fintech MNT-Halan
Private investment firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech company MNT-Halan.
Cardano Launched ADA-Backed Stablecoin
ADA-backed stablecoin ‘Djed’ launched on Cardano blockchain.
GBPT Stablecoin Integrates into 18,000 ATMs in UK
Thousands of crypto ATMs in the United Kingdom now allow customers to withdraw cash for GBPT, a stablecoin backed by British pound
BharatX Partners Snitch for BNPL Services
The partnership allowed Indian clothing brand Snitch to enable the white-label BNPL option provided by BharatX on its checkout page
M&G Wealth Introduces Hybrid Robo-Advisor App
Financial advisory M&G Wealth has rolled out a robo-advising investment platform, using an algorithm to determine a suitable portfolio for each customer’s risk appetite
Central Bank of Jordan Doubles Daily Contactless Limit
The Central Bank of Jordan (CBJ) decided to increase the daily limit for individual contactless transactions made without a PIN.
Dutch Rail Network NS to Roll Out of Contactless Open Loop Fare Payments
The Dutch railway operator NS has announced the launch of a contactless open-ended fare payment system as part of its OVpay service.
Central Bank of Ireland Warns Payment Firms About Governance Problems
The Central Bank of Ireland has found a number of shortcomings in the work of companies that carry out their activities in the payment industry and the field of electronic money.
