lafgrp + sd   201

La Banque de France voit le surendettement fléchir - La Croix
The number of cases of over-indebtedness and processing times are decreasing following new regulations from Banque de France
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may 2018 by lafgrp
France: Cards will still dominate the payments market in 2022
According to a report by Xerfi called "the market of alternative payment methods" (Le marché des moyens de paiement alternatifs), cards will remain the major contributor to the payments market.
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may 2018 by lafgrp
Chinese banks post robust growth in mobile payments - Xinhua | English.news.cn
QUOTE Banking institutions handled 70.8 trillion yuan (11.1 trillion U.S. dollars) in mobile payments in the period, up 16.8 percent year on year, the central bank data showed.
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may 2018 by lafgrp
A Payments Battle Is Brewing in Hong Kong - Bloomberg
QUOTE They’re all signs of a battle brewing in Hong Kong that will test whether a Western-style financial system -- based on banks, credit and debit cards -- can fend off a pair of apps that have come to dominate how people spend and send money throughout China.
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may 2018 by lafgrp
Verve, GhIPSS partner on EMV cards - The Nation Nigeria
QUOTE The partnership will allow Verve’s about 37 million customers with its payment cards and tokens withdraw cash on ATMs and make purchases on PoS terminals of GhIPSS partner commercial banks, savings and loans institutions, e-zwich agents and merchant aggregators in Ghana.
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may 2018 by lafgrp
Kuwait Bank Adopts Ripple for Instant Cross-Border Payments
QUOTE With this, KFH can provide instant and secure cross-border money transfers within seconds, with end-to-end visibility over the journey of the payment.
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may 2018 by lafgrp
Tech Thursday: Biometric ATM technology comes to South Africa | Alberton Record
QUOTE When it comes to banking, nothing is ever really secure but South African banks are investing in the latest biometric technology to try and combat this. Biometric technology uses fingerprints, iris scans, retinal scans, face scans, and other personal information that is more difficult to forge in order to gain access to your banking.
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may 2018 by lafgrp
More Nigerians opt for electronic banking - ITWeb Africa
QUOTE Several more electronic payment initiatives are being lined up for Nigeria and these are expected to elevate the increase recorded in the amount transacted electronically over the most recent quarter.
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may 2018 by lafgrp
Union Bank launches robotics technology to automate banking processes
QUOTE RPA is a robotics system that uses software to automate consistently routine financial and banking operations.
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may 2018 by lafgrp
Central Bank of Kenya warms up to digital currencies :: Kenya - The Standard
QUOTE “A number of banks are currently working on products hinged on blockchain technology and we think they offer a lot of promise,” he said.
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may 2018 by lafgrp
MoMo Interoperability is an important milestone for Ghana - BoG Governor - MyJoyOnline.com
QUOTE The Governor of the Central Bank has said the launch of Mobile Money Interoperability Payment System is an important milestone towards an integrated and interoperable electronic payments environment.
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may 2018 by lafgrp
China's brick-and-mortar state bank looks to Alipay for help to embrace fintech | South China Morning Post
QUOTE Under the agreement, Ant Financial will share its financial technology capabilities and know-how with China Everbright to help the bank develop cloud computing, internet finance, mobile payment, artificial intelligence-driven applications, smart risk management systems, as well as biometric verification, said the Hangzhou-based company.
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may 2018 by lafgrp
Why China’s Payment Apps Give U.S. Bankers Nightmares
QUOTE The nightmare for the U.S. financial industry is that a technology company—whether from China or a homegrown juggernaut such as Amazon.com Inc. or Facebook Inc.—replicates the success of Alipay and WeChat in America. The stakes are enormous, potentially carving away billions of dollars in annual revenue from major banks and other firms.
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may 2018 by lafgrp
Touché, OCBC to launch 'highly secure' fingerprint-based credit card payment
QUOTE LOCAL fintech company Touché is tying up with OCBC Bank to bring what it says is the world's first fingerprint biometric-based payment to credit card merchant customers in Singapore. 
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may 2018 by lafgrp
Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance
QUOTE In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from a domestic bank account to a Standard Chartered account in Singapore using its own blockchain, dubbed the Krungsri Blockchain Ledger.
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may 2018 by lafgrp
Mastercard and National Bank of Kuwait to Lead First Biometric Payment Card Trial in the GCC - Mobile ID World
QUOTE In cooperation with Mastercard, the National Bank of Kuwait will lead the first biometric payment card trial in the GCC, an economic bloc that also includes Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Oman.
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may 2018 by lafgrp
French banks to introduce P2P mobile payments
QUOTE Paylib, the mobile wallet developed by a consortium of French banks, is set to introduce person-to-person payments utilising customer phone numbers.
3PW  4LN  SD 
may 2018 by lafgrp
The Zurich bakery where you can't pay with cash (but bitcoins are fine) - The Local
QUOTE The new Buchmann bakery in Zurich’s Universitätsstrasse is a real rarity in Switzerland: a retail business that accepts electronic payment options ranging from bitcoins to Apple Pay but which won’t take plain old cash.
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may 2018 by lafgrp
Wirecard to power contactless payments in Garmin smartwatches | Mobile Payments Today
QUOTE As of now, Garmin smartwatch users in France, Italy, Ireland, Spain, Switzerland, and the U.K. will be able to add their digital boon cards to Garmin Pay and make purchases with their Garmin vívoactive 3 or Garmin Forerunner 645 smartwatches anywhere MasterCard contactless is accepted.
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may 2018 by lafgrp
FNB wary of new banking entrants Discovery and BankZero
QUOTE The new entrants include two digital-only banks – TYME Digital and Michael Jordaan’s BankZero – as well as a full service bank in the form of Discovery Bank. Postbank and African Bank, meanwhile, will relaunch with retail banking services.
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may 2018 by lafgrp
Moroccan Bank Strongly Making Inroads into West African States - Tech In Africa
QUOTE The Casablanca based lender CFG bank is planning to expand its services to other West African French-speaking countries. This comes after becoming one of the biggest lenders in Morocco. It is planning to begin its expansion by using Senegal or Ivory Coast as its entry route for its operations in asset management.
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may 2018 by lafgrp
UnionPay debuts in Uganda - Cards International
QUOTE UnionPay International has entered an agreement with Post Bank Uganda for a joint, large-scale issuance of 400,000 of its debit cards over the coming three years.
3PW  4LN  SD 
may 2018 by lafgrp
GHANA - Cash payments to cease as govt encourages electronic transactions - Graphic Online
QUOTE The Vice-President, Dr Mahamudu Bawumia, has said the government will soon stop accepting cash payments and instead encourage people to make electronic payments.
3PW  4LN  SD 
may 2018 by lafgrp
Managing Director of Barclays Bank Ghana resigns - MyJoyOnline.com
QUOTE Managing Director of Barclays Bank Ghana, Patience Akyianu has resigned from the bank but she is expected to continue until 30 September, 2018.
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may 2018 by lafgrp
Taiwan Bank Deploys Ethereum-Based Blockchain Payments System
QUOTE the private-sector bank announced the deployment of the payment system for local restaurants and merchants on Sunday after commencing development of the platform in March 2017
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may 2018 by lafgrp
Safer than Bitcoin? New digital currency to be launched by Saudi, UAE - Al Arabiya English
QUOTE the Saudi Arabian Monetary Authority (SAMA) has selected a consultant to work with the central banks of Saudi Arabia and the United Arab Emirates, for launching a digital currency that would be accepted in cross-border transactions between the two countries.
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may 2018 by lafgrp
Saudi Arabia's National Commercial Bank changes CEO | Reuters
QUOTE National Commercial Bank , Saudi Arabia’s largest bank by assets, said on Wednesday that chief executive Saeed al-Ghamdi had resigned, with sources familiar with the matter telling Reuters that he is set to be appointed chairman.
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may 2018 by lafgrp
HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger
QUOTE In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in a $5 billion stock deal. The deal would make SABB the country’s third-biggest lender.
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may 2018 by lafgrp
Kuwait bank to deploy selfie pay, biometric cards
QUOTE National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head.
3PW  4LN  SD 
may 2018 by lafgrp
KFH-Bahrain launches new online bank
QUOTE banks in Bahrain have started offering full-fledged digital services, and customers could be months away from seeing an entirely digital bank away from the traditional brick and mortar.
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may 2018 by lafgrp
Swiss Central Bank Denounces Proposal to Ban Money Creation by Banks - WSJ
QUOTE Swiss National Bank Chairman Thomas Jordan said at a banking conference that the Sovereign Money Initiative, an unprecedented plan in the modern era that would limit the ability of banks to extend credit, “would be like throwing grit in the gears of our credit system.”
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may 2018 by lafgrp
Number of bank branches in Taiwan falls to 5-year low | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS
QUOTE Taipei, May 4 (CNA) The number of bank branches in Taiwan fell to a five-year low at the end of 2017, amid efforts by the local banking industry to streamline operations in a saturated market, according to the Financial Supervisory Commission (FSC).
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may 2018 by lafgrp
China Bank branch in Shanghai run by smiling robots | NextBigFuture.com
QUOTE China Construction Bank (CCB), the nation’s second largest lender by assets, opened one in Shanghai this week, run by pure technology including facial recognition (FR), artificial intelligent (AI) and virtual reality (VR).
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may 2018 by lafgrp
China to tighten rules on banks' wealth management business - sources | Reuters
QUOTE China’s banking and insurance regulator will soon publish detailed rules on banks’ wealth management products (WMPs) as part of Beijing’s effort to curb risks in the financial sector, three sources familiar with the matter told Reuters.
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may 2018 by lafgrp
Ghana about to launch mobile money interoperability - ITWeb Africa
QUOTE The Vice President of Ghana Dr. Mahamudu Bawumia, is scheduled to officially launch the country's mobile money interoperability system on 10 May.
3PW  4LN  SD 
may 2018 by lafgrp
Nigeria’s OyaPay leveraging Bluetooth, QR for payments
QUOTE Nigerian fintech startup OyaPay is leveraging the power of Bluetooth Low Energy and QR to process payments offline, describing itself as “Alipay for Africa”.
3PW  4LN  SD 
may 2018 by lafgrp
Nigeria issuing 70 million IDs to boost financial access | IOL Business Report
QUOTE Nigeria plans to issue identity numbers to 70 million citizens by the end of next year, a first step to bringing them into the country’s payments system.

The West African nation, which currently holds centralized data for less than 15 percent of its almost 200 million population, will integrate various identity-capturing and verification systems run by other government departments, banks and mobile-phone companies, said Aliyu Aziz, director general of the National Identity Management Commission, or NIMC.
3PW  4LN  SD 
may 2018 by lafgrp
Chinese digital ID comes to Alibaba’s payment app - SecureIDNews
QUOTE Chinese digital ID will merge with smartphone-based payments in a project scheduled to roll out soon. The project, which also involves facial recognition, will put the country’s all-important and mandatory national identification card inside Alibaba’s payment app.
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may 2018 by lafgrp
Visa Survey Finds 7 In 10 Singapore Can Go Cashless For A Day
QUOTE a survey conducted by leading financial services company Visa in 2017 showed that Singapore is ranked first (of course) for the use of electronic payment methods.
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may 2018 by lafgrp
FNB to roll out biometric banking transaction points in South African townships
QUOTE Financial services firm First National Bank (FNB) will roll out 50 self-service kiosks that use fingerprint biometrics to verify a user’s identity in South African townships over the next six months, FNB Points of Presence CEO Lee-Anne van Zyl said on Monday.
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may 2018 by lafgrp
UnionPay boosts card acceptance in Kuwait - Cards International
QUOTE UnionPay International has entered into a strategic cooperation agreement with The Shared Electronic Banking Service Company (KNET), a payment switches processor, to expand the acceptance and issuance of its card in Kuwait.
3PW  4LN  SD 
may 2018 by lafgrp
Digital bank meem launches operations in Bahrain - Banking & Finance,Technology,Bahrain - ArabianBusiness.com
QUOTE meem, the digital retail banking services arm of Gulf International Bank (GIB), has been officially launched in Bahrain.
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may 2018 by lafgrp
Kenyan firm Direct Pay eyes West Africa with Ghana office - Business Daily
QUOTE Kenya-based Direct Pay Online (DPO) Group has opened an office in Ghana as it seeks to expand its portfolio to the West Africa market.
The office will act as the DPO headquarters for the region.
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april 2018 by lafgrp
United Bank launches UB Digital Wallet in Egypt - Telecompaper
QUOTE The United Bank of Egypt (UB) has launched the UB Digital Wallet for the Egyptian financial market, in line with the efforts of the state and the Central Bank of Egypt (CBE) to expand financial inclusion and promote non-cash payments, the Daily News reported.
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april 2018 by lafgrp
UPDATE 1-Natixis chief to replace Perol as chairman of French bank BPCE | Reuters
QUOTE PARIS, April 26 (Reuters) - Francois Perol, the head of France’s second-biggest banking group BPCE, will step down in June and be replaced by Natixis chief Laurent Mignon, BPCE said on Thursday.
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april 2018 by lafgrp
HFC Bank is now Republic Bank, Ghana
QUOTE The HFC Bank Ghana Limited has been rebranded to the Republic Bank Ghana Limited, as the Republic Financial Holdings Limited (RFHL) of Trinidad and Tobago takes over to give the Bank an international urge.
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april 2018 by lafgrp
Diamond Bank closes UK operations to ‘focus on Nigeria’ | TheCable
QUOTE The management of Diamond Bank says it has disposed its entire shares in its UK subsidiary to a member of the GFG Alliance.
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april 2018 by lafgrp
N26 Now Offering Google Pay in Belgium, Ireland, Slovakia, & Spain | Crowdfund Insider
QUOTE German mobile bank N26 announced on Tuesday it is now offering Google Pay in Belgium, Ireland, Slovakia, and Spain. The bank reported it has a strong focus on innovation and its international expansion, along with aiming to  consistently strives to make the most modern products available to its customers.
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april 2018 by lafgrp
Natixis, buyout funds line up final bids for SIX payments arm - sources | Euronews
QUOTE Three bidders including a consortium of French bank Natixis <CNAT.PA> and buyout fund Warburg Pincus are vying to buy the payments unit of the Swiss stock exchange operator SIX Group, three sources familiar with the matter told Reuters.
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april 2018 by lafgrp
American Express closer to breaking into elusive Chinese market
QUOTE American Express is closer to becoming the first U.S. card network to offer services in China.
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april 2018 by lafgrp
Visa: GCC travelers are increasingly connected online - Saudi Gazette
QUOTE Visa’s Global Travel Intentions (GTI) Study highlighted various parts of the travelers’ journey and found that travelers from the United Arab Emirates, Kingdom of Saudi Arabia and Kuwait rely heavily on online sources at every stage of travel and 97%, 93%, and 85%, respectively, gained online access while overseas. The study also uncovered certain aspects of travel that can lead to anxiety and stress, including getting, carrying and exchanging cash.
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april 2018 by lafgrp
E-payment platform UNPay launched in Singapore | Singapore Business Review
QUOTE The platform, which has been tapped by Alibaba and Baidu, previously raised US$63m from initial funding.
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april 2018 by lafgrp
Al Salam Bank-Bahrain names Group CEO
QUOTE Al Salam Bank-Bahrain (ASBB), one of the pioneering Shari’a-compliant banks in the Kingdom, has appointed Rafik Nayed as Group chief executive officer (CEO) of the bank following regulatory approvals.
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april 2018 by lafgrp
Gulf International opens online-only bank in Bahrain
QUOTE The arrival of meem in the bank's home market comes just two months after the Bahraini Government and the region's Central Bank endorsed a new fintech hub in a 10,000 square metre space overlooking the waters of Bahrain Bay and the Arabian Gulf.
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april 2018 by lafgrp
Qatar's Al Khalij Bank Weighs Sale of French, U.A.E. Units - Bloomberg
QUOTE Qatar’s Al Khalij Commercial Bank PQSC has hired Barclays Plc to advise on the sale of its businesses in France and the United Arab Emirates, according to people familiar with the matter.
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april 2018 by lafgrp
Anytime fintech launches a contactless payment keyring
Following the launch of its contactless bracelet, the company brings another tap and go option to its most loyal customers
3PW  4LN  SD 
april 2018 by lafgrp
Instantaneous payments arrive in France
It's a revolutionary trend in which smartphones act as wallets, payment cards and check books
3PW  4LN  SD 
april 2018 by lafgrp
Ecommerce payments company launch Ghana operations - BusinessGhana News | Business
QUOTE According to DPO Group CEO, Eran Feinstein, the entry into Ghana is a significant step in the growth of DPO’s portfolio in West Africa. “This move gives us great joy as it will strengthen DPO’s West African presence as well as enhance our overall portfolio,” said Mr. Feinstein. “Ghanaian consumers and businesses are increasingly embracing the convenience that online payment brings. With the launch of our new office in Ghana, we will be able to better serve these merchants and their consumers, and expand further into West Africa,” he added.
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april 2018 by lafgrp
Capitec pulls ahead to be South Africa’s top bank
QUOTE At its latest reporting, the Capitec noted a client base exceeding 10 million customers, putting it ahead of Absa (8.75 million) and chasing Standard Bank (around 11 million). Capitec reports adding over 100,000 new customers a month.
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april 2018 by lafgrp
Top Pakistani bank opens Nairobi office - Business Daily
QUOTE A Sh650 billion-asset Pakistani bank has opened a representative office in Nairobi to tap into the multibillion international transaction business in its first investment in Africa.
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april 2018 by lafgrp
Tunisia implements mobile money interoperability - Telecompaper
QUOTE Tunisia's mobile users are now able to send and receive money across the payment platforms of the country's three main networks, Tunisie Telecom, Orange and Ooredoo, reports Agence Ecofin. This interoperability is part of a wider project that will progressively cover all services from bank and postal accounts during the first half of the year. Part the Digital Tunisia 2020 strategy, the project has been managed by Tunisia's central bank and finance ministry, in collaboration with Monetique-Tunisie.
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april 2018 by lafgrp
Kenya: Mauritius firm acquires 75 percent stake in bank under receivership - Journal du Cameroun
QUOTE Mauritius-based financial Institution, SBM Holdings has finalized the acquisition of 75 percent of certain assets and deposits of a local Kenyan bank under receivership, the Central Bank of Kenya (CBK) disclosed on Tuesday.The agreement provides that there will be a transfer of 75 percent of the value of deposits currently under moratorium at Chase Bank, and the transfer of the majority of staff and branches of the existing banks operations.
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april 2018 by lafgrp
Bank of Ghana To Introduce Mobile Payment For Accessing Collateral Registry
QUOTE Speaking at the launch of the financial literacy and awareness campaign on credit reporting system and collateral registry, the Deputy Registrar, for the Collateral Registry Department at the Bank of Ghana, Fred Asiamah Koranteng said the Bank is in talks with National Information Technology Agency (NITA) to introduce mobile payments to make the registry more accessible.
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april 2018 by lafgrp
China bank goes staffless at a branch; robots replace tellers
QUOTE Welcome to the first branch of a bank in china without tellers. Customers enter through electronic turnstiles using an identity or bank card. Then a machine certifies who they are through face recognition. Then they choose between an assortment of ATMs and other machines which enable them to conduct more than 90 percent of the cash and non-cash business of a conventional bank. These include opening an account, transferring money, foreign exchange, gold investment and wealth management products.
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april 2018 by lafgrp
OCBC first in Singapore to offer instant digital card issuance and Apple Pay provisioning - Cards International
QUOTE OCBC has become the first bank in Singapore to enable customers to transact at merchants that accept Apple Pay within minutes of applying for a new Visa credit or debit card.
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april 2018 by lafgrp
National University of Singapore to go fully cashless | Bangkok Post: news
QUOTE The National University of Singapore (NUS) has set itself the aim of becoming a fully cashless campus sometime in the new academic year -- which starts in August and ends in May next year -- with all food operators and retailers providing various cashless payment options and no longer accepting cash.
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april 2018 by lafgrp
Emirates NBD expands its bank in Saudi Arabia
QUOTE DUBAI, April 16 (Reuters) - Emirates NBD has expanded its operations in Saudi Arabia by opening its first branch in Jeddah and announcing plans to open two other branches elsewhere in the kingdom, Dubai’s largest bank said on Monday.
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april 2018 by lafgrp
OCBC Bank first to launch AI-powered voice banking with Google | Marketing Interactive
QUOTE OCBC Bank has launched artificial intelligence (AI) powered voice banking in collaboration with Google, following the launch of Google Home and Google Home Mini in Singapore. Consumers will be able to speak to the Google Assistant on a smartphone or a Google Home device to initiate a conversation about the bank’s service offerings. OCBC Bank remains as the only bank to offer voice-based banking in Singapore.
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april 2018 by lafgrp
Gemalto contactless biometric Visa card to launch in Lebanon | ATM Marketplace
QUOTE Gemalto is supplying its Visa biometric contactless EMV bank card to areeba, a financial technology company that provides payment solutions in the Middle East.

The pilot project with areeba is being undertaken in conjunction with Unilux Cards, Gemalto's established partner in Lebanon, according to a press release.
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april 2018 by lafgrp
UAE Business: Mint signs licensing deal with Interac in UAE
QUOTEMint Middle East (MME), a globally certified payments company, has signed licensing agreements with Interac Corp, Canada’s domestic debit network, granting MME exclusive rights in the United Arab Emirates.
3PW  4LN  SD 
april 2018 by lafgrp
S Africa: FNB launches eWallet eXtra mobile bank accounts
QUOTE a digital bank account that can be opened from a mobile device for unbanked South Africans. According to FNB, the mobile bank account is intended to plug the gap between its eWallet offering and traditional bank accounts that “do not meet the unique needs of irregular income earners such as seasonal workers.”
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april 2018 by lafgrp
Crédit Agricole Payment Services and Wirecard in cahoots to provide a new payment services – IBS Intelligence
QUOTE Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, and Wirecard, one of the leading companies in digital financial technology, have signed a comprehensive contract to start their next generation digital partnership in payment services.
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april 2018 by lafgrp
China to open its doors to foreign banks
QUOTE foreign banks and other financial services firms will be able to own majority stakes in Chinese banks, asset management firms and funds within months under long-awaited plans by Beijing to open up the country's financial institutions to offshore investors.
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april 2018 by lafgrp
China Opens Door to New $450-Billion Bank Funding Buffer - Bloomberg
QUOTE Chinese regulators in March released preliminary guidelines encouraging mainland banks to consider selling securities that can take in large losses in the event of a crisis. Bond watchers have taken that as a sign that total-loss absorbing capacity (TLAC) issuance may make its debut in China, following global lenders, which have issued more than $1 trillion worth of instruments in this format in the aftermath of the 2008 financial crisis.

The first TLAC sale from China isn’t imminent, with Hong Kong-based investment bank AMTD Group expecting it may come in the next two or three years at the earliest. But an estimate from Moody’s Investors Service gives an idea of the potential volume. The risk assessor expects China’s four biggest banks need an extra 2.85 trillion yuan ($453 billion) to meet a stricter loss-absorption buffer by 2025, which is more than double the size of dollar bond issuance from Chinese borrowers last year, a record.
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april 2018 by lafgrp
Chinese online payments giant could be worth $150 billion - KYMA
QUOTE Ant's parent company Alibaba -- also co-founded by Ma -- was valued at $168 billion when it went public on the New York Stock Exchange in 2014. It's now worth more than $445 billion.
3PW  4LN  SD 
april 2018 by lafgrp
Boao Forum: Rong360 on the potential of China’s fintech industry
QUOTE The growth in China's financial technology industry may look like it's peaking given the wide usage of internet payments, but the sector has yet to reach its full potential, one fintech firm told CNBC on Monday.

The world's second-largest economy already has one of the highest fintech adoption rates, according to a 2017 report by consultancy EY. The report found that 69 percent of digitally active consumers in China use fintech services, compared to 33 percent in the U.S.
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april 2018 by lafgrp
Digital Red Envelopes Are a Crucial Marketing Tool in China | Jing Daily
QUOTE While most of WeChat Pay’s use revolves around micropayments, transaction amounts have been increasing, and a number of luxury brands have encouraged the use of WeChat payments through e-shops on the platform or by scanning WeChat QR codes in brick and mortar stores. About 26 percent of WeChat users turn to WeChat Pay for online shopping, 21.6 percent for paying restaurant bills, and 20 percent when shopping in malls, according to the WeChat User Behavior Report released last year.
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april 2018 by lafgrp
Singapore favours 'organic' policy in move toward open banking, Government & Economy - THE BUSINESS TIMES
QUOTE [SINGAPORE] Singapore wants its lenders to share data with financial technology and other non-bank firms, but doesn't plan to force the issue, according to a central bank official.

The transition towards "open banking" can be more successful if it takes place without the regulator mandating action, said David Hardoon, chief data officer at the Monetary Authority of Singapore.
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april 2018 by lafgrp
Huawei Pay could launch in South Africa later this year
QUOTE Speaking on Thursday at the P20 launch in Johannesburg, Jiao — the president of Huawei Consumer Business Group in the MEA region — revealed that the firm plans to rollout its mobile payments platform to South Africa in the coming months.
3PW  4LN  SD 
april 2018 by lafgrp
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