Visa, a leading figure in the digital payments landscape, has recently announced the expansion of its digital wallet capabilities through Visa Commercial Pay. This strategic […]
Category: News
EU Adopts Instant Payments Regulation to Expedite Fund Transfers
The European Union (EU) has enacted new regulations to ensure swift fund transfers to the bank accounts of retail clients and businesses across its member […]
UPI and RuPay Expand Reach: India Strengthens Digital Ties with Sri Lanka and Mauritius
In a historic move for South Asian connectivity, the Unified Payment Interface (UPI), India’s popular digital payment system, was launched in both Sri Lanka and […]
Empeople Credit Union to Acquire Wisconsin-Based TSB Bank, Expanding Footprint and Services
Empeople Credit Union, the sixth-largest credit union in Illinois by assets, has announced its first-ever bank acquisition, agreeing to purchase Lomira, Wisconsin-based TSB Bank for […]
RBI Expands Use Cases for CBDC, Introduces Offline Functionality
In a significant move aimed at enhancing financial inclusion, the Reserve Bank of India (RBI) Governor, Shaktikanta Das, announced the expansion of the Central Bank […]
OSFI Introduces New Supervisory Framework to Modernize Financial Supervision
The Office of the Superintendent of Financial Institutions (OSFI) unveiled its new framework for supervision today, signaling a significant overhaul in its approach to overseeing […]
Entrust Explores Acquisition of Onfido: Enhancing Identity Verification
Entrust, a renowned global leader in payments, identities, and data security, has initiated discussions to acquire Onfido, a prominent London-based company specializing in cloud-based, AI-powered […]
WOCCU Unveils ‘Hub C’ Initiative: Empowering Credit Unions to Drive Digital Innovations
In a significant move towards achieving its Challenge 2025 objectives, the World Council of Credit Unions (WOCCU) has introduced the groundbreaking ‘Hub C’ initiative. This […]
Mastercard and Pagero Revolutionize Cross-Border Payments for Businesses
Mastercard and Pagero have joined forces to introduce an integrated solution aimed at transforming cross-border and domestic payments for businesses worldwide. This collaboration integrates Mastercard’s […]
December 2023 SESFOD Survey: Credit and Market Trends
The European Central Bank (ECB) released the findings of the December 2023 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives […]