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S.African central bank eyes digital rand to cut cross-border payment costs
LONDON/JOHANNESBURG: A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said.
Excellent exporters to be honoured
KUALA LUMPUR: The third edition of the Export Excellence Awards was launched yesterday to recognise the excellence of Malaysian exporters and acknowledge their contributions to the economy.
Encouraging export excellence
KUALA LUMPUR: The Export Excellence Awards, now in its third edition, was launched today to recognise the excellence of Malaysian exporters and acknowledge their contributions to the economy.
Serving the ‘unserved and underserved’
SMEs likely to be key beneficiaries of digital banks.
Australian regulator presses banks to update online payments tech
SYDNEY (Reuters) - Australia's central bank is pressing the country's commercial banks to meet deadlines on new payments systems that will make it easier and cheaper for customers to set up direct debits and to transfer money internationally.
E-CNY not to take place of dollar, says expert
BEIJING: China’s e-CNY, also known as the digital yuan, is designed for retail transactions for the convenience of people and merchants, rather than to replace the United States dollar, says Zhou Xiaochuan, president of the China Society for Finance and Banking.
Brazil's Ebanx ties-up with VTEX to target Latin American payments
(Reuters) - Brazilian fintech Ebanx said on Tuesday it has launched a partnership with digital commerce platform VTEX, in a new push to provide expanded payment services for its Latin American clients.
Weaponising currency in a war
THE Ukraine war is clearly a game-changer. It upended many assumptions on who is strong militarily and who is weak in the media war.
Bank Negara, BIS and central banks of Australia, Singapore and South Africa develop experimental multi-CBDC platform
KUALA LUMPUR: Bank Negara Malaysia (BNM) along with three other central banks and The Bank for International Settlements (BIS) Innovation Hub, has completed prototypes for a common platform enabling international settlements using multiple central bank digital currencies (mCBDCs).
What would be the impact of a US ‘digital dollar’?
US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world.
