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18/11 – Weekly Fintech Recap

Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan HSBC Bank and Wells Fargo & Company announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH). The offshore Yuan is the fifth currency resolved between the two banks utilising a shared settlement ledger. Since the shared

YEREVAN, OCTOBER 12, ARMENPRESS. With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS terminal without additional equipment. This solution will help simplify the management of small and medium-sized, especially micro businesses and entrepreneurs to expand the network of receiving non-contact payments, adapt to digital, increase their customer base and minimize the cost of connecting to acquiring services.

YEREVAN, OCTOBER 12, ARMENPRESS. With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS terminal without additional equipment. This solution will help simplify the management of small and medium-sized, especially micro businesses and entrepreneurs to expand the network of receiving non-contact payments, adapt to digital, increase their customer base and minimize the cost of connecting to acquiring services.

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