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Europe's Payment System's Big Bang: Inside the ISO 20022 Migration

The eurozone’s transition to a new payment messaging standard, ISO 20022, has been a huge undertaking. How successful has the migration been so far, and were the years of preparation rewarded? As the industry gears up for more migrations across the globe, what can financial institutions in other countries learn from Europe’s experience? ....

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Payment complexity clouds Saudi urea import ahead of Boro season

The import of urea fertiliser from Saudi Arabia is facing precarious payment issues due to credit limits of the kingdom's two banks, raising concerns over sufficient supply of the basic plant nutrient ahead of the next Boro season, the state-owned chemical corporation has said. "We are experiencing difficulties in import payments," the Bangladesh Chemical Industries ....

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