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Systems

How The US Dollar Bill Has Changed Over The Years

While some people are in favor of eliminating the $1 bill, this common denomination has a fascinating history. The dollar’s design has undergone some interesting alterations over the years — from the “funnybacks” that emerged in the 1920s to the web-printed bills of the 1990s. Keep reading to learn how the buck has changed from the […]
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Companies

How To Link PayPal To Mpesa

Anyone transacting online frequently knows too well that the knowledge of how to link PayPal to Mpesa is in Kenya would be very useful to them. Apart from the convenience of not having to visit the bank every time you need to collect your cash, the direct transaction takes a shorter period of time compared […]
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Companies

Square CFO Sarah Friar Forecasts The Future Shape Of Finance

There are a few mega trends, as Square’s chief financial officer Sarah Friar calls them, rippling through the financial industry: Executives are wondering if and when Amazon will take aim at their industry; banks are closing branches; and money is increasingly being passed around electronically. […] Quartz spoke with Friar at the company’s offices in Dublin about bitcoin, finance, […]
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Global

Egypt Uses Electronic Payment Of Dues Exceeding LE 100K

Minister of Finance Mohamed Ma’it issued a ministerial decision to oblige people dealing with various government agencies to pay their financial dues, including tax and customs of more than LE 100,000 through one of the electronic payment methods. The minister added that the decision allows the payment of dues less than LE 100,000 through checks, prohibiting […]
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Companies

PayPal Sells Its Consumer Credit Portfolio To Synchrony For $7 Billion

“In November 2017, PayPal  announced it had agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial as a part of an expanded relationship between the two companies. That deal has now closed, with Synchrony actually acquiring $7.6 billion in receivables, including PayPal’s U.S. consumer credit portfolio, totaling $6.8 billion at the close, as well as around $0.8 […]
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Companies

Airbnb Tests Earlier Payouts For Hosts

“Airbnb is testing a new payments feature for hosts, letting them get partially paid out at the time of booking. This feature isn’t rolling out to everyone just yet, as Airbnb says that this is just a preliminary test to gauge interest. Invited hosts simply opt in to payout splitting to check out the feature. Here’s […]
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Companies

Uber Cash Payments Could Soon Be Accepted In More Global Cities

“It’s one of the key players in edging us towards a cashless society – but Uber cash payments could soon be available in more cities across the world. The ride-hailing app, whose business model has always been to offer quick and cashless payments, already offers the service in 51 countries. Now, the Uber cash payments system […]
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People

A Dollar by Any Other Name: Thoughts on Digital Fiat Currency

What are central banks – and governments – going to do about cryptocurrencies?  I was in New York last week to better understand what central bankers are thinking about   – and doing – with respect to “Digital Fiat Currency”.   The workshop was part of an ITU Focus Group Program on “Standardizing Digital Fiat Currency and its Applications”.  Central […]