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Global

TerraPay and NPCI International Collaborate to Drive Seamless Merchant Payments Via UPI-enabled QR Codes

“In a strategic move to further strengthen its cross-border payment solutions, TerraPay, a leading global payments infrastructure group today announced its partnership with NPCI International Payments Limited (NIPL), the International arm of National Payments Corporation of India (NPCI). This association with NIPL will allow Indian customers and merchants in India with an active Unified Payments Interface Id (UPI Id) […]
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Global

How Japan is Moving Towards a Cashless Society with Digital Salary Payments

“The Japanese government is preparing to introduce a system for companies to pay salaries digitally – without going through bank accounts – by spring 2023. By promoting this system, which allows companies to transfer salaries to workers using smartphone payment apps, the government hopes to solve the complex issues facing foreign workers in Japan, expand […]
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Global

Amazon Will Serve as Infrastructure Provider For Digital Euro App

“Amazon is among five companies to develop a digital euro prototype for the ECB. Central bank digital currency (CBDC) development is happening now. China has tested the potential uses of the digital yuan; the U.S. has explored CBDC design options, and the European Central Bank (ECB) has recently finalized the panel of firms joining to create front-end […]
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Global

Brazil’s Ebanx Expands into Africa with Eye on Mobile Money

“Brazilian fintech company Ebanx S.A. on Tuesday said it has expanded into Africa, where it hopes to replicate its fast growth in Latin America by placing a greater emphasis on the digital payments side of its business. The company started operations in Kenya, South Africa and Nigeria in late August amid soaring demand for payments […]
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Global

MAS Launches Financial Services Industry Transformation Map 2025 (Singapore)

Mr. Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025 today. The ITM 2025 lays out the growth strategies to further develop Singapore as a leading international financial centre in Asia – to connect global markets, support Asia’s development, […]
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Global

Central Bank of China Calls for Increasing Use of Digital Yuan

“The monetary policy regulator of China has called for improving the integration between the digital yuan (e-CNY) system and traditional tools for electronic payments. The People’s Bank of China (PBOC) says this will increase convenience for users of its central bank digital currency (CBDC). To achieve that, additional efforts should be made to expand the […]
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