Payments
Hong Kong seeks mobile wallet capabilities in China
Authorities in drive to ensure Hong Kong mobile phone e-payments work in China; faster payments roll-out due next year but no urgent rush to go cashless, says HKMA official
Kenya’s digital transformation
The use of innovative digital financial services has transformed financial inclusion in Kenya, writes the chairman of the Central Bank of Kenya
Riksbank simulates a payments crisis scenario
Central bank deems offline payments and withdrawals a suitable alternative to credit cards
Payments evolution will result in bank business model changes
Mid-sized banks will have to transform business models in order to remain relevant, says Swift, as fintech and globalisation threaten traditional practices
Latvian central bank unveils instant payments system
System is the first to be compatible with the Single Euro Payments Area project, says the bank
Fed issues guidelines for joint accounts with private banks
Initiative aims to create more efficient US payments system
Mersch warns banks not to turn away from cash
Central bankers witness “frequent lobbying” to abolish cash, ECB board member says
UK report sets out steps to unify payment services operators
Move would help drive “innovation and competition”, working group chairman says
Euroclear will add markets by T2S launch
Chief executive sees expansion before European Central Bank goes live with settlement service
Dutch plan euro giveaway
NETHERLANDS - On 1 January 2002 the euro finally becomes legal tender in 12 different countries. More than 15 billion euro notes and 50 billion coins will be delivered to banks around Europe over the next few weeks in preparation.