Emerging markets could begin rate cuts by mid-2023 – Industry updates: 29 November
by Graham Buck
China goes for gold over dollar; CLOs bounce back from brief selloff; CBA leads in asset finance; Two contenders remain for Citi Banamex
Payments - Receipts
Background
Collecting bills efficiently, on-time and with a minimum of bad debts is essential in any business. Bill collection, unlike collecting payments at the point of sale, involves granting the buyer credit…
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UK bank Starling bans crypto-related purchases and deposits citing high risk – Industry roundup: 28 November
by Monica Zangerle , Writer, CTMfile
GlobeTopper and Knox Wire announce US$50 million global payment partnership; Digital payments firm PhonePe to acquire BNPL startup ZestMoney.
South Africa and Sweden follow Fed with rate hikes – Industry roundup: 25 November
by Graham Buck
Sweden raises rate to 2.5%; Trafigura upbeat on Europe's gas; Africa's uneven CBDC progress; UK firms' inventories rise
Indonesia plans OPEC-like cartel for nickel – Industry roundup: 24 November
by Graham Buck
US$1bn ASEAN infrastructure fund launch; Nigerian financial market "inadequate"; Convenience stores target card giants; HSBC: Pound set for 2023 rally
CME’s expansion will extend to weekly FX options – Industry roundup: 22 November
by Graham Buck
UK-South Africa infrastructure partnership; Downbeat report from Spain’s Cellnex; India ready for retail CBDC pilot; Stenn addresses trade finance gap
China’s regulators ask banks to report on liquidity - Industry roundup: 17 November
by Graham Buck
Embedded finance grows in MENA; India government bonds regain appeal; Microsoft launches supply chain platform; Allianz adds second trade finance fund
‘Global Shield’ climate finance launched at COP27 summit – Industry roundup: 15 November
by Graham Buck
Spain's banks pilot digital euro; ASEAN banks unite on payments; South Korea corporate debt liquidity squeeze; HSBC opens new Singapore office
Pay inflation accelerating in Europe – Industry roundup: 10 November
by Graham Buck
Fears as Binance abandons FTX; Blue Mediterranean Partnership launched; Citi cuts investment banking jobs; China property crisis deepens
Seven areas that will shape the future of payments
by Pushpendra Mehta , Executive Writer, CTMfile
Understanding and leveraging the seven omnichannel payments methods will help influence the outlook of the global payments sector in time to come.
Cash is still king for many Indians – Industry roundup: 8 November
by Graham Buck
NY Fed positive on digital dollar; BIS issues central bank FX survey; PayPal supports Apple's Tap to Pay; SEC outlines proposals for open-end funds
China set to retain grip on global rare earths supply – Industry roundup: 3 November
by Graham Buck
Bank of England hikes rate by 0.75%; Singapore's MAS explores retail CBDC; Call for crackdown on shadow banks; Canada ISO 20022 delay
More US corporates focused on ESG performance – Industry roundup: 1 November
by Graham Buck
Australia ready for more rate hikes; Strong dollar trims corporate earnings; European sovereigns face poor liquidity; Nigeria expects a volatile 2023
Citi Integrates US institutional e-commerce payments and electronic bill presentment platforms – Industry roundup: 26 October
by Monica Zangerle , Writer, CTMfile
Japanese payments system to test plastic cards for CBDC; ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022.
China to encourage further renminbi internationalisation – Industry roundup: 13 October
by Graham Buck
Lazard adds geopolitical risk unit; Central banks "ready for recession"; Google to accept crypto payments; BNY Mellon complete Egypt-China payment
Supply chain normality in prospect for 2023 – Industry roundup: 11 October
by Graham Buck
EU commissioner on digital euro; Singapore's ESG impact hub; Mastercard offers Global Treasury Intelligence; SEC OK's new corporate debt fund
India’s U$1.2 trillion economic challenge, one year on – Industry roundup: 4 October
by Graham Buck
Call for weaker dollar; SWIFT completes tokenised asset pilot; Sanctions imposed on Bank of Russia chief; Citi still seeks growth in Malaysia
WTO chief sees world economy heading towards recession – Industry roundup: 29 September
by Graham Buck
Bank of England bond action costs £65bn; Banque de France reveals CBDC plans; Indian tycoon downbeat on China; Stan Chartered setback in Maersk tussle
Australia’s central bank plans CBDC pilot in 2023 – Industry roundup: 27 September
by Graham Buck
Banks see Hong Kong revenues slide; Ford retools supply chain management; BlackRock-Insurers refine investments; PBOC imposes risk reserve requirement
Warning on Russian malware threat – Industry roundup: 12 September
by Graham Buck
Crisis sees Germany commit to LNG; China's emergency loans revealed; Exit EM government debt says JPMorgan; Bolt abandons Wyre deal
D-Day for crypto market in seven days‘ time – Industry roundup: 8 September
by Graham Buck
China agrees to pay Russia in roubles; Hawkish ECB hikes rates by 0.75%; China corporate bond boom; Contour acquires we.trade assets
Pressure on gas prices hits euro and pound – Industry roundup: 5 September
by Graham Buck
China’s economic challenge falters; Cardano upgrade on 22 Sept; Amazon moves further into logistics; India anti- money laundering action
US CBDC moves a step closer with sandbox initiative – Industry roundup: 1 September
by Graham Buck
Japan regulator tightens bank scrutiny; Brazil development bank buys carbon credits; StanChart Singapore digital bank; SWIFT uses predictive analytics
Shell CEO expects prolonged energy crisis – Industry roundup: 30 August
by Graham Buck
China tries to revive growth; India's RBI lifts Amex restriction; Hong Kong sees key workers depart; Doubts raised on Euribor's future
All eyes on inflation at Jackson Hole summit – Industry roundup: 25 August
by Graham Buck
Mastercard launches crypto card in Argentina; UK power grid's contingency exercise; Nigeria push for eNaira; Huawei sees survival focus on cash flow