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FORECAST: Foreign currency inflows expected to outpace $6 billion pre-pandemic high

FORECAST: Foreign currency inflows expected to outpace $6 billion pre-pandemic high
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Moratorium on PSP, MTB license applications to be lifted

Citing a more evolved sector, The Central Bank of The Bahamas announced yesterday that it will lift the moratorium on license applications for businesses that offer money transmission and payment services. In December 2019, the Central Bank imposed its moratorium on any new non-bank payment service providers (PSPs) and money transmission businesses (MTBs) so as

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Foreign currency inflows up 40% in first three quarters

Pointing to a recent boom in real estate, Central Bank Governor John Rolle yesterday said private sector foreign currency inflows through commercial banks are on course to surpass pre-pandemic records. He said foreign exchange inflows were up 40 percent for the first nine months of the year, compared to the same period in 2021, leading to a

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STABLE FOOTING: Central Bank lifts moratorium on payment service providers

STABLE FOOTING: Central Bank lifts moratorium on payment service providers
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LEADING THE PACK: RBC exec says Bahamas tops region in digital banking usage growth

LEADING THE PACK: RBC exec says Bahamas tops region in digital banking usage growth
ewnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewnews.com Daily Mail and Mail on Sunday newspapers.

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