The year is 2023, almost 2024, and we are decidedly in the digital era. After all, things like artificial intelligence (AI), space travel, gene-editing, and more are all commercially available and thriving. Asked to imagine the predigital era, and one thinks of typewriters, ham radios,...
The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The regulations, which went into effect Thursday (Aug. 3), put a limit of 5,000 pesos on...
With the expanded use of the new FedNow service, real-time payments software company ACI Worldwide expects to see instant payments use rapidly grow in the U.S. “We’re currently working with many domestic banks on real time implementations as well as intermediaries who serve as smaller banks and...
Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance, Bloomberg reported Wednesday (July 12). In that deal, Papara gave Beka an undisclosed amount of cash and shares in exchange...
January 15, 2023
Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on an initial proposal to ditch fines for merchants that don’t accept card payments under €60 following heavy backlash, proposing instead to lower merchant fees for electronic transactions in a last-minute […]
November 29, 2022
In Egypt, small firms, including mom-and-pop stores, make up about 90% of local food and grocery sector, with the “Walmarts and the Walgreens of Egypt only representing a very tiny...
August 18, 2022
According to World Bank data, in 2021 just 22% of the Egyptian population over the age of 15 owned a debit or credit card, and only 2% of the population...
July 29, 2020
Optimism continues to dwindle for the globe’s corporate travel sector, with industry heavyweights expecting business trips to remain on pause for at least the rest of the year — and...
March 31, 2025
The Clearing House says transactions on its electronic payments network (EPN) system continue to grow in value and volume. That system, The Clearing House’s (TCH) automated clearinghouse (ACH) network, saw its transaction volume increase by 6.2% last year, the company said Monday (March 31). The system in 2024 processed 20.7 billion transactions worth $56.4 trillion, accounting […]
August 03, 2023
The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The...
August 03, 2023
With the expanded use of the new FedNow service, real-time payments software company ACI Worldwide expects to see instant payments use rapidly grow in the U.S. “We’re currently working with many domestic...
July 12, 2023
Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance, Bloomberg reported Wednesday (July 12)....
