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With 95% of African consumer payments done in cash, the opportunity to digitize payment in the continent is significant. MSMEs are at the forefront of commerce and banking. Fintech firms, mobile money operators and others are scrambling to develop payment solutions. Which ones will be successful? ....
Amazon has launched its Returnship program in the United States to help people get back into work following the coronavirus pandemic which saw people lose their jobs due to the lack of trade. ....
Private Money And Central Bank Money As Payments Go Digital: An Update On CBDCs, Federal Reserve Governor Lael Brainard At The Consensus By Coindesk 2021 Conference, Washington, D.C. (Via Webcast) Date 24/05/2021 Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagement on CBDCs. As Chair Powell discussed last week, an important early step on public engagement is a plan to publish a discussion paper this summer to lay out the Federal Reserve Board s current thinking on dig ....
Source: US State of New York Federal Reserve Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagement on CBDCs. As Chair Powell discussed last week, an important early step on public engagement is a plan to publish a discussion paper this summer to lay out the Federal Reserve Board’s current thinking on digital payments, with a particular focus on the benefits and risks associated with CBDC in the U.S. context.2 ....
Earnnest Named “Best Consumer Payments Company” in 2021 FinTech Breakthrough Awards Program Share Article Prestigious Awards Program Recognizes Outstanding Financial Technology Products and Companies “In just a few years, Earnnest has grown to become the largest digital earnest money service in the U.S., making an impact not only on the real estate industry but also within the larger FinTech market. LOS ANGELES (PRWEB) March 16, 2021 FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Earnnest, the largest digital earnest money service in the U.S., has been selected as winner of the “Best Consumer Payments Company” award in the fifth annual FinTech Breakthrough Awards program. ....