Central Bank Digital Currencies (CBDCs) have infiltrated the agenda of countless innovation meetings at the world’s central banks.
This article focuses on correspondent banking, its role in international trade, and shortfalls of the traditional model that adversely affect lower-income countries, impeding economic development and the advancement of financial inclusion.
A recent report by Convera, a global B2B payments provider, predicts a substantial increase in the value of global services trade over the next five years. The Future of Trade… read more →
Today, HSBC unveiled a pioneering banking solution in Hong Kong, introducing point-of-sale financing for business-to-business (B2B) transactions. This offering will empower B2B sellers on online platforms to provide extended payment… read more →
The financial services industry is constantly changing, and the pace of change is accelerating rapidly, especially for the payments sector. The industry has witnessed many shifts: from the barter system to cash, from cheques to cards, and from cards to digital banking and payments.
Today, Standard Chartered and global payments platform Tazapay announced a partnership to deliver payments and commerce-enabling services as part of the bank’s broader initiative to provide curated financial services on… read more →
Barclays and TransferMate have announced a new partnership, bringing an international receivables solution to the market, with the aim to reduce transaction costs and save time for UK businesses. Barclays… read more →
The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.
Today, BNP announced a collaboration with the Bank of China, launching a new digital wallet service and wallet applications for e-CNY, the digital currency of the Chinese yuan. Both banks… read more →
The resilience of Ukrainian businesses deserves special attention. Entrepreneurs have not only survived the beginning of the war, but continue to develop their businesses. According to a survey, as of March 2022, only 13% of enterprises were operating as they were prior to the war, 48% were operating at partial efficiency, and 35% suspended operations and were waiting for better times.
