Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: According to Lael Brainard, a member …
Read More »How Russians pay
Research company Mediascope has released a study on how and for what residents of large Russian cities make online payments. The study, conducted in May and June of this year, …
Read More »Ukraine’s steady march away from cash
According to recent data released by the National Bank of Ukraine, the country is moving progressively toward cashless, as is evidenced by the following: During the first 6 months of …
Read More »A future without cash in Belarus
The share of non-cash payments in Belarus has been constantly increasing, reaching 90.5% in the first quarter of this year (as compared to 49.7% in 2010). Moreover, Belarus now ranks …
Read More »Will Uzbekistan ever go cashless?
At the outset of the COVID-19 pandemic, the Central Bank of Uzbekistan recommended that residents switch from paying for goods and services in cash to paying for them using cards …
Read More »Telecoms may come to dominant the Kazakh payments industry
With many companies expanding their product and service offering, it’s no surprise that we are seeing new and interesting combinations for what companies offer. For example, we have seen the …
Read More »BFC FinTech Monitor 4th – 11th August
Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: Mastercard, in cooperation with FinTech payment …
Read More »Video: is COVID-19 giving rise to the era of contactless payments?
Contactless payments were starting to become trendy prior to the COVID-19 pandemic. But has the pandemic accelerated the use of contactless payments? Get some more background regarding this topic in …
Read More »Infographic: COVID-19 pushing the faster adoption of digital payments
The COVID-19 pandemic has caused many radical shifts in the ways we work, live and even think. As we push forward toward a post-pandemic world, it has become clear that …
Read More »Video: the impact of mobile payments in emerging markets
Dr. Nick Hughes OBE, executive fellow at the Wheeler Institute, joins Rajesh Chandy to discuss the impact of digital payment solutions in emerging markets in this illuminating video, which is …
Read More »BFC FinTech Monitor 28th July – 3rd August
Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: Management at PayPal is predicting that the use …
Read More »4 key lessons traditional financial institutions need to learn from COVID-19
The COVID-19 pandemic has revealed the shortcomings of a number of traditional financial institutions, especially as related to digital transformation. Here are 4 digital transformation lessons they need to embrace …
Read More »What the banking industry can learn about digital transformation from other industries
While the banking industry leads other industries in the adoption of some practices and technologies, digital transformation is not one of them. So, let’s take a look at 4 things …
Read More »The delusion of rapid digital transformation in banking
The banking world appears to be convinced that the COVID-19 pandemic has accelerated digital transformation in the financial services industry. While this may be true in some senses, it is …
Read More »BFC FinTech Monitor 13th – 27th July
Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: The Office of the Comptroller of …
Read More »New survey reveals how COVID-19 is accelerating digital transformation in retail banking
A new retail banking consumer “pulse” survey by the Boston Consulting Group is helping identify short- and long-term shifts in consumer behavior and sentiment on the basis of data from …
Read More »6 imperatives for financial institutions to return to profitable growth
COVID-19 has resulted in an economic contraction that will likely be the deepest since World War II. It has also put tremendous stress on the banking industry. At the same …
Read More »Accelerating digital transformation in the ASEAN region
Experts are predicting that the COVID-19 pandemic and related measures will serve to accelerate digital transformation strategies at commercial financial institutions across the Association of Southeast Asian Nations (ASEAN) region. …
Read More »BFC FinTech Monitor 5th – 12th July
Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World: The world’s leading payment systems are launching new …
Read More »2019 SME banking innovations in Eastern Europe and Central Asia
Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in …
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