Tagged: Digital Economy

February 2, 2021 @ 12:28 pm By Omar Faridi  |  

Banks in Venezuela are reportedly issuing debit cards for US dollar-denominated accounts, according to a report from Reuters which cited sources familiar with the matter. There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in… Read More

January 25, 2021 @ 11:21 pm By Omar Faridi  |  

Hong Kong might lead China’s financial integration efforts with other countries and could also help promote the adoption of the digital yuan, according to government officials. But regardless of what Hong Kong actually does to fulfill its role, the special administrative region of the People’s… Read More

January 25, 2021 @ 8:06 am By Omar Faridi  |  

A recent study carried out by the Mastercard Economics Institute revealed that the Coronavirus crisis has presented Africa with significant growth opportunities for Fintech firms. The study has noted that the industry should, this year, play a key role in promoting greater financial inclusion in… Read More

January 9, 2021 @ 5:41 pm By Omar Faridi  |  

Digital payments in Saudi Arabia surged by 75% last year, as consumers increasingly began shopping online following the COVID-19 outbreak. Meanwhile, cash withdrawals from ATMs and other payment points declined 30% during the same time period. Point of sale (PoS) refers to a location where… Read More

October 26, 2020 @ 6:48 pm By Omar Faridi  |  

Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that they’re proud to confirm that after Fuse Studio was shared on Product Hunt this… Read More

June 12, 2020 @ 11:08 am By Omar Faridi  |  

  Australia is reportedly planning to extend one of its Fintech agreements with the UK. The agreement is designed to help Fintech firms in each country by making it easier for them to acquire operational licenses. Both jurisdictions also aim to increase cooperation and collaboration… Read More

November 25, 2019 @ 8:18 am By Omar Faridi  |  

Australia’s Senator Jane Hume has suggested that there’s significant potential for new international agreements to lead the nation’s Fintech companies into emerging financial markets. Hume pointed out that Australia’s present agreement with the UK to promote exports of Australia’s financial technology has not been used… Read More