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Central Banks of Korea and Nigeria initiate seperate Blockchain studies
The Bank of Korea has published, as part of an overview of the central bank’s future plans, a report titled “Present Status and Key Issues of Distributed Ledger Technology” detailing policy issues which could hinder the growth of distributed ledgers and also estimates the cost-cutting effect of the application of the blockchain technology for the first [...]
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Western Union provide mobile money transfer for Viber
Western Union says it is enhancing its existing relationship with Viber by enabling mobile money transfer for its 754m users worldwide, to send money domestically and internationally to more than 200 countries and territories from the convenience of the Viber app. Western Union and Viber have created a mobile money transfer experience that will start and [...]
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ACI official provider for SEPA Instant Credit Transfer scheme
ACI Worldwide has been named by EBA Clearing as one of the ‘frontrunner service providers’ for the pan-European EBA SEPA Instant Credit Transfer Scheme, due to go live in November 2017. The scheme will enable consumers and businesses to make euro credit transfers in real-time between accounts across an international area that will eventually span over [...]
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Get ready for the first SCT Inst transactions in Europe
The EPC published the SEPA Instant Credit Transfer (SCT Inst) scheme rulebook at the end of November 2016, after a public consultation organised earlier this year. This article discusses what’s next now that the rulebook has been published. It seems inevitable that payments will become faster. So, if Payment Service Providers (PSPs) want to remain [...]
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Explosive growth in LatAm e-commerce – merchants struggling with processing complexities
That the big markets in Latin America, despite the issues surrounding general growth in those markets, are experiencing an explosion of growth in LatAm e-commerce is not big news. However, as consumers continue their rapid move towards smart phones and the internet penetration of average consumers grows fast, consumers, in the midst of economic woes [...]
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