Janet Yellen a bitcoin critic; Venmo suffers outages
Mastercard, ACI test faster payments in Peru; and other information you need to start your day, from PaymentsSource and around the web.
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Mastercard, ACI test faster payments in Peru; and other information you need to start your day, from PaymentsSource and around the web.
eCOMM Merchant Solutions Scoops The Irish Times Innovation Award for Instant Payments Fintech's solution brings much needed relief to small merchants An innovation with the potential to change the lives of countless small merchants has just won the Irish Times Innovation Award for IT Fintech. The announcement was made during an awards ceremony which was streamed live from Dublin. The idea was the brainchild of husband-and-wife team Noel and Valerie Moran, who set up their fintech company eCOMM Merchant Solutions in 2014 and which operates out of offices in Ireland, the UK and Lithuania. Speak...
PM launches Pakistan's first instant digital payment system 'Raast' Published On Digital payments only account for 0.2% of Pakistan's ~100 billion transactions. ISLAMABAD (Web Desk) - Prime Minister Imran Khan has launched the country’s first instant Digital Payment System ’Raast’ on Monday. Raast is part of Prime Minister Imran Khan Digital Pakistan vision to include poor segments of the society in formal economy. It will also enable secure, efficient and transparent financial transactions. Raast: Pakistan’s Instant Payment System According to website of State Bank of Pakistan, R...
The new system, called 'Raast' or 'direct way', will be rolled out in three phases culminating in early 2022
PM to launch first phase of Instant Payment System System will facilitate transfer of dividends to bank accounts of investors through CDC The State Bank of Pakistan (SBP) has achieved a significant headway on a payment system, which is aimed at transferring dividend payments directly to bank accounts of investors through the Central Depository Company (CDC). The development of Pakistan’s Instant Payment System project, powered by the SBP in collaboration with its partners, has progressed significantly and Prime Minister Imran Khan will soon launch the completion of its first phase, said SBP...