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MOSCOW (Reuters) – The Russian central bank’s First Deputy Governor Olga Skorobogatova, who was in charge of the regulator’s digital projects including the digital rouble and the domestic payments system, has resigned, the bank said on Thursday. Skorobogatova, a former executive at the Russian arm of France’s Societe General, joined the central bank in 2014. […]
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday issued a finalized version […]
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While about 1.5 million Australians still use cash for 80% of in-person payments, the number of businesses accepting it has declined. (Unsplash pic) SYDNEY: Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods. […]
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Egyptian startup Tafweela, which aims to revolutionise the vehicle payments ecosystem through its innovative end-to-end payment solution, has become T-Vencubator’s first venture-building project. T-Vencubator combines the benefits of venture capital and incubation to help bridge the gap between Egypt’s entrepreneurial potential and its technological capabilities, empowering startups to solve societal problems and shape Egypt’s future. […]
13th November 2024 Author: Aleksandra Cupriak The government has just confirmed that farmers impacted by severe wet weather will soon receive payments from the £60 million Farming Recovery Fund. Stock photo. Around 13,000 farmers who were affected by heavy rains and flooding, including Storms Henk and Babet, between October and March last year, will receive […]
Just before the 2024 general election was announced, the UK government was looking to bring in tougher rules on ransomware payments, including the potential to ban ransom payments entirely. The justification? A decisive action to cut off the business model of cyber extortionists. But the message around ransom payments is contradictory to say the least. […]
ECOBANK Group and TransferTo have announced a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa. This strategic partnership between the leading pan-African financial institution and the Singapore-based global technology group, brings together TransferTo’s companies Thunes, Ezra, DT One and Tookitaki with Ecobank to expand access […]
Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm, Square, told CNBC that it […]